A home loan refinance for a household with multiple incomes
A household with PAYG, business and rental income wanted to move away from its existing bank. Write Finance assessed the income needed for the new loan and secured a refinance with fast approval and lower repayments.
Through the selected lender
On the refinanced home loan
Investment rental income considered
Two careers and several income sources
The husband worked as a PAYG environmental consultant. His wife worked part-time as a PAYG GP and part-time as a self-employed gastroenterology specialist. The household also received rental income from two investment properties.
Finding a clear way to assess the income
The clients were unhappy with their existing bank and wanted to refinance their owner-occupied home loan. Their mix of employment, business and rental income made the lending assessment more complex.
Using PAYG and rental income to support the refinance
We reviewed both applicants’ PAYG income alongside the rental income from their investment properties. That assessment supported the refinance through the selected lender.
Employment income
Reviewed PAYG income for both applicants.
Rental income
Included income from the two investment properties.
Lender selection
Arranged the owner-occupied home loan refinance through the selected lender.
Fast approval and lower loan repayments
The clients received fast approval through the selected lender. Their refinanced home loan was set to reduce their loan repayments, giving them a more manageable ongoing payment.
Does your household earn income in several ways?
Tell us about your income sources and current home loan. We’ll assess your refinancing options and explain what individual lenders may consider.
This is a past client outcome. Approval timeframes, available rates and repayments depend on individual circumstances, loan terms and lender assessment.
