Let’s face it: sometimes unexpected “life” events get in the way of our financial or property ownership goals. Whether it’s something traumatic like a divorce, the burden of rising living costs and high monthly outgoings, or the rush to secure financing for a new property, unexpected financial challenges can be both stressful and restrictive of longer-term goals.
However, that’s where we come in. At Trilogy Funding, we specialise in finding tailored solutions to even the most complex lending problems. In this article, I’ll explore the stories of three real clients* who were facing significant obstacles, and how we helped them move closer to their lifestyle and property ownership goals.
*all names have been changed to protect client confidentiality
Case Study 1: Mark’s* New Beginning
Mark, a 45-year-old professional, came to us looking for a new mortgage. However, he faced a challenging period after his divorce two years ago. The emotional and financial strain led to missed payments and a default on his credit file. Despite his efforts to rebuild, his credit history remained tarnished.
This credit history made it difficult for him to secure a mortgage. His existing bank, along with a few other major lenders, refused to lend him any more money, despite his strong cash deposit. This left Mark feeling stuck and uncertain about his ability to purchase a new home.
How we helped:
We understood Mark’s situation and recognised the strength of his cash deposit. Our team identified a non-bank lender willing to consider his recent financial struggles. We presented Mark’s case, highlighting his stable income and the steps he had taken to regain financial stability. The non-bank lender was satisfied with the explanation and the current positive financial conduct.
Benefits for the client:
With the new mortgage, Mark was able to purchase a new home, marking a fresh start in his life. The tailored solution not only provided him with the needed financing but also gave him renewed confidence in his financial future. This new beginning allowed Mark to focus on rebuilding his life and enjoying his new home without the shadow of past financial difficulties.
Case Study 2: Sarah and John’s* Financial Relief
Sarah and John, a couple in their mid-30s with two young children, found themselves struggling to keep up with their monthly outgoings. Between their mortgage, personal loans, and credit card debts, their finances were stretched thin, causing significant stress and financial strain.
These high monthly payments and multiple debts made it difficult for Sarah and John to manage their finances effectively. They were unable to save for emergencies or future needs, and the constant financial pressure was impacting their quality of life.
How we helped:
We assessed Sarah and John’s financial situation and proposed refinancing their home to a cheaper rate and extending their loan term. Additionally, we consolidated their personal loans and credit card debts into the new mortgage. This strategy reduced their monthly repayments and minimised the number of direct debits, streamlining their banking and making it easier to manage.
Benefits for the client:
The refinancing and debt consolidation significantly reduced Sarah and John’s monthly outgoings. This financial relief allowed them to regain control over their finances, reduce stress, and improve their overall quality of life. With lower monthly payments, they were able to start saving for their future and create a more stable financial environment for their family.
Case Study 3: Alex’s Auction Victory
Alex*, an enthusiastic property investor, had successfully purchased a property at auction. However, he faced an urgent challenge: the settlement was due in three weeks, and he did not have a pre-approval. His current broker was unable to assist him due to the busy end-of-year period and their limited capacity to handle urgent cases.
Without a pre-approval and with only three weeks until settlement, Alex risked losing the property and his deposit. The tight timeframe added significant pressure, making it difficult to secure the necessary financing through traditional channels.
How we helped:
Alex approached us for assistance. We immediately assessed his situation and identified the right lender who could expedite the process. Leveraging our strong relationships and experience with various lenders, we swiftly lodged Alex’s application and ensured it was processed as a priority. Our proactive approach and efficient handling ensured the loan was approved and ready for settlement on time.
Benefits for the client:
Thanks to our timely intervention, Alex was able to meet his settlement deadline without any issues. He secured the property he had successfully bid on and avoided any financial penalties or loss of deposit. This not only saved Alex from potential financial stress but also allowed him to continue his property investment journey with confidence and peace of mind.
We might be able to help with your lending problem, too
If you have a similar lending problem, we might be able to help you solve it. If so, your next step is to reserve a Free 30-Minute Finance Strategy Session during which you will…
- Get a realistic understanding of your current lending situation… and how much you might be able to borrow based on where you currently stand
- Get a better understanding of the lending options available to you, including non-bank lenders who might be willing to accept an application
- Discover ways to save money on interest, fees, and charges that are specific to your unique situation
- Learn about our process to find you a loan that could save you thousands.
This no-obligation free session will be held with one of our experienced mortgage brokers.
Please be assured this will not be a thinly disguised sales presentation. On the contrary, you’ll receive our best strategic advice, specific to your situation, so you too can accumulate multiple properties without sacrificing your current lifestyle and accelerate your progress towards wealth.
Schedule Your FREE 30-Minute Finance Strategy Session Today.
———
Please note, the numbers and assumptions listed in this article are for educational purposes only. Individuals should seek specific advice pertaining to their unique situation and the real estate market before making any decisions.
Trilogy Funding Two is a corporate credit representative (Representative Number 506131) of BLSSA Pty Ltd, ACN 117 651 760 (Australian Credit Licence 391237)