Urgent Refinance and Cash Out for an Alt Doc Prime Loan
Occupation
Self-employed – Electrician
Location
SA (CAT 1)
Loan Amount
$511,000
LVR
63.88%
Property Type
Established House
Scenario
Mr. S has been a self-employed electrician for eight years. He was looking for competitive finance that would allow him to pay out his ex-partner and keep the family home. Due to an urgent court order, Mr. S had limited time and was concerned he wouldn’t be able to prepare tax returns and financials in time to secure a Full Doc loan.
How did Brighten help?
Brighten’s Alt Doc Prime product, Brighten Boss® Prime, offers competitive interest rates and requires one form of alternative income documentation.
Brighten accepted the Accountant’s Letter provided by Mr. S to verify his income and provided conditional approval within 2 days. This allowed Mr. S to successfully refinance his home loan with cash out required to meet the court’s requirements, a positive outcome for all.
Fees, charges, lending criteria applies.