She has perfect pitch, superb timing and multiple income sources.
- Age: 34
- Occupation: Musician and part time school music teacher
- Income: $90,000
- Assets: $45,000 in savings, $10,000 car
- Liabilities: $15,000 in credit cards
- Credit file: Unpaid default $890 > 24 months
Sophie is separated, lives with her mum and has two lively children.She would like to take the pressure off her mum and buy a home with a backyard and give her family some stability.
Because of her family situation, Sophie’s salary is supplemented by additional income from government family payments and child support. An unpaid default has also narrowed her options as to which home loan lender can support her.
Luckily, Sophie had a great broker who knew Pepper Money was in tune with her.
Her broker contacted a Pepper Money BDM who advised Pepper could be Sophie’s real life solution as they would consider all three sources of income and accept the past unpaid default.
Sophie qualified for a Pepper ‘Near Prime’ product which meant she could stop renting and buy her family their dream home.
We're waiving upfront fees (excluding Mortgage Risk Fees) on Pepper Easy loans until 31 January 2019
This means Sophie would save at least $1,800 in fees.