Did your first lender say no? Don't give up!
With the right guidance you can find lenders that will be open to your needs and timeframes.
Joan Smith had found her dream home and made an offer, which was accepted - now all she had to do was get her loan approved and she would be on her way to settlement.
Joan approached a lender directly to gain approval for finance. Her application took three weeks to process but, in the end, was declined.
Not wanting to give up, Joan came to us at SGB Finance for help.
With the finance clause on the property expired, Joan was in danger of losing the property. Rather than requesting an extension, we opted to lodge the application with a different financial institution that we were confident would approve it fairly quickly.
With a deep understanding of the financier’s polices, we were able to present everything that was needed with the initial application to get the loan across the line. We submitted the loan application at 8.30am, and by 11am that day the loan was approved.
Joan was amazed at the result. She couldn’t believe going directly to the lender resulted in a three week wait, but when she came to us she was given approval almost straight away.
By having an understanding of the market of lenders’ policies and timeframes, SGB Finance was able to save Joan’s dream.
Joan was naturally over the moon with the result, and settlement on her new home is now underway.
