A Quick Overview
Details | Description |
---|---|
Customer Goal | To get approved for a residential property at a 95% LVR |
Problem | The property had a 7 unit apartment approval, and the clients were not sure if the lender would consider it a commercial or residential property. |
Loan Amount | $661,290 |
Security | $725,000 |
LVR and Term | 95%, 30 years |
Income | $155,000 p.a. |
Solution | Provided a statutory declaration stating they will use it as a residential property and not develop it. |