Not all of my clients fit as neatly as a round peg in a round hole. As a result of a relationship breakdown, a long standing client hadn’t made a payment on a jointly held home loan for nearly 6 months. We were able to refinance the loan to a ‘Big 4’ bank and release enough equity to buy out his former partner. A thorough explanation of the circumstances helped avoid potentially expensive alternatives.
The list of unusual scenarios is constantly growing – inconsistent incomes (‘last year was better than this year’), left-field incomes (‘the semi-professional soccer player), changed lender policy (‘my land loan is with a bank who won’t give me money to build’), and the list goes on… if there’s a solution, I can find it for you.