When Emma and David Thompson approached us in March, they were frustrated after being rejected by three major banks for a home loan. As a nurse and a teacher with a combined income of $145,000, they had stable jobs but were struggling with a small personal loan and limited savings history.
“We’d almost given up on buying our own home,” Emma shared. “Everyone kept telling us we needed a bigger deposit, but with rent prices in Brisbane, saving seemed impossible.”
Our team took a comprehensive approach, reviewing their complete financial picture. We identified that their debt-to-income ratio could be improved and worked with them on a three-month financial optimization plan. We also connected them with a lender who valued their consistent employment history and strong savings discipline over the past six months.
The Result:
Within four months, the Thompsons secured a $620,000 home loan with a competitive 6.24% interest rate. They purchased a three-bedroom home in Kedron and moved in just before their daughter started primary school.