Helping a Non-Res Borrower Refinance Without Income Docs to Reduce Interest Rate


Occupation
Self-Employed

Location
VIC (3000)

Loan Amount
$1,000,000
Scenario
Mr. J, a self-employed Hong Kong citizen, purchased a high-density investment apartment in Melbourne nearly nine years ago. He was paying an interest rate of over 10% with his existing bank lender. Keen to refinance to a more competitive rate, Mr. J faced a common challenge: as a self-employed overseas borrower, he did not have readily available income documentation to support a standard loan application.
How did Brighten help?
Through Brighten’s Evergreen Easy Refi solution, Mr. J successfully refinanced his home loan by demonstrating a consistent 12-month repayment history, without the need for additional income documentation. His interest rate was reduced from over 10% to 7.24%, resulting in significant savings. The Brighten Evergreen product is specifically designed for self-employed and PAYG non-residents, as well as residents with approved foreign income seeking an Alt Doc solution.
Fees, charges, lending criteria applies.