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Pensioner & Centerlink

Margaret is a single mother of 2 children. She receives government assistance in the form of a fortnightly pension, as well as a small wage from a part - time job.

Even though she owns her own home, the banks would not lend her more than $70000. Private institutions were willing to lend her more, but at an interest rate of at least 11-12%.

Using our expertise we were able to get Margaret a loan of $180 000 at 7.47%. Margaret used this money to purchase an investment property. With our systems in place, she was able to reduce her interest and housing costs to $11000 per annum; while obtaining a-rental return of $15000 -giving her an extra $60 per week to play with.

 

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