Everyone deserves an opportunity to obtain a home loan.
My role as a broker is to go out of my way to show my clients that they have made the right choice by engaging me and to find them solutions to meet their mortgage/borrowing requirements. There is a growing number of people who mainstream lenders will not engage with, due to reasons like their prior credit problems, or their type of employment. Custom lending can give these people more options in terms of borrowing and can help find them a suitable loan.
An example of someone who might need a custom loan is a self-employed person, someone who has recently started a new job, has been previously bankrupt or has issues with their credit history. It can also include people who are self-employed and haven't yet lodged their most recent tax returns yet but can demonstrate a solid income flow through different means such as bank statements or BAS.
Often the reason people go to a broker is because they need help. I understand that you have given me that opportunity to try and help you and I would like to take the opportunity to sit down with you, to discover more beyond whether you have been declined for a loan. My role as your broker is to be open minded and understand that individuals are sometimes in that position because of a lifetime event that they never wanted to happen.
The interesting thing about life is that people might be PAYG one day, self employed the next, your life is going along peachy and rosy and then God forbid one of life’s least desired events happens: a divorce, a major illness, an accident, loss of job, a death, and regretfully it happens everyday. This is when I can try to help a client the most, and I'll do my best to help you get a suitable loan. At it's heart, the role of a mortgage broker is to help a client assess how much they can borrow, research great deals in the market, and assist with putting in an application to the lender.