Janine kept us informed with every single step.
“Well, we started with banks about two years ago and they said, ‘Oh, no, you don't have enough savings. You don't have enough income.’ So we went another financial year, we saved more money, and we went back to the banks and they said, ‘yeah, no, you don't qualify, you have more income, more savings, but we can’t give you any loans.’ So that was December 2013…and 2014...
We applied to several lenders for a mortgage. We were successfully rejected by most of them...
And then one thing led to the other, so we went to a regional bank and the branch manager was really supportive and helpful and so on and so forth and said we just now need to confirm with the mortgage insurance that they are happy as well and, ‘I’ll come back to you tomorrow with the result and we take it from there. I don't see any major issues.’
We felt we showed enough credibility with our jobs and perseverance and we had no bad credit history and nothing financially wrong. We had the savings, so we thought we met most of the criteria. Fact is that their Mortgage Insurance didn't give us the insurance, so we couldn't get the loan from them. But the guy was pretty supportive and he said ‘why don't you try these other lenders’ and one of them was Pepper.
So from the moment we contacted Pepper, then everything went pretty smoothly. Janine, was extremely supportive. She was really paying attention to our situation as it is, and tried to find the best way to help us, which she did, thoroughly, beyond her job description.
She kept us informed with every single step so there were no doubts and blanks and suspicion, like ‘oh, what's happening now, we don't know anything?’ So we were pretty much informed with every single step of the process.
We said buying a house was our five years long plan, seeing it happen was a pretty good feeling. It's our first property in Australia.”
- Valentin, Kitchen Designer, Melbourne VIC
All loans are assessed on a case by case basis and subject to Pepper’s approval. Your specific circumstances may produce different results. Please speak to Pepper about your home loan needs on 13 73 77.
This article provides you with factual information only and is not intended to imply any recommendation about any financial product(s) or constitute tax advice. If you require financial or tax advice you should consult a licensed financial or tax adviser. Neither Pepper nor its related bodies, nor their directors, employees or agents accept any responsibility for loss or liability which may arise from accessing or reliance on any of the information contained in this article. For information about whether a Pepper loan may be suitable for you, call Pepper on 13 73 77 or speak to an accredited Pepper Money broker.
All applications are subject to the credit provider’s credit assessment and loan eligibility criteria. Terms, conditions, fees and charges apply. Information provided is factual information only and is not intended to imply any recommendation about any financial product(s) or constitute tax advice. If you require financial or tax advice you should consult a licensed financial or tax adviser.
©Pepper Money Limited ABN 55 094 317 665; AFSL 286655; Australian Credit Licence 286655 (“Pepper”). All rights reserved. Pepper is the servicer of home loans provided by Pepper Finance Corporation Limited ABN 51 094 317 647. Pepper Asset Finance Pty Limited ACN 165 183 317 Australian Credit Licence 458899 is the credit provider for asset finance loans.