First Home Buyers Secure $950K Loan While Keeping Investment Strategy Intact
THE CLIENT:
Aubrey and her partner are a Brisbane couple ready to take their first step onto the property ladder. Working as a Marketing Specialist, Aubrey came to Future Wealth Partners looking for pre-approval to confidently enter the competitive Brisbane market using the 5% Deposit Home Guarantee Scheme.
THE CHALLENGE:
The couple had a clear vision for their financial future, one that included both homeownership and continued share market investing. They wanted to retain a considerable Line of Credit facility to keep building their investment portfolio. However, this created a high debt-to-income ratio that made securing the loan amount they needed much more difficult. Lenders scrutinise all existing credit facilities, and the combination was putting their borrowing power at risk.
OUR SOLUTION:
Rather than scaling back their Line of Credit and compromising their investment strategy, Matt Evans worked with Aubrey and her partner to find an alternative path. The solution was straightforward but effective. By cancelling all their credit cards, they freed up enough borrowing capacity to qualify for their maximum loan amount. This approach allowed them to keep their share investment plans on track while still securing the home loan they needed.
THE OUTCOME:
Aubrey and her partner secured pre-approval for a $950,000 loan with NAB, giving them the confidence to house hunt with certainty. The loan came through in just 7 days and included an offset account and redraw facility. Armed with their pre-approval, the couple could make offers on their dream home with a short 7-day finance clause, putting them in a strong position in a competitive market.
CLIENT QUOTE:
"From the very beginning Future Wealth Partners made the whole process feel smooth, easy and far less overwhelming than we had expected it to be."
KEY STATS:
- $950,000 loan secured for first home
- $1,000,000 property purchase
- 7 days to unconditional approval
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