1 business day from submission to Conditional approval (SMSF application submitted 8 Feb)
3 business days from submission to Unconditional approval (Prime Alt Doc application submitted 8 Feb)
We’ve had a great response from brokers on our new Scenario Hotline, with hundreds of calls coming in and our Senior Underwriters have answered all types of policy questions and helped with numerous customer scenarios.
Got a policy question? Or you’re not sure if a client will service? Call 13 25 83 and get your question answered in minutes*.
Watch a quick video to find out how we’ve been able to help our broker partners on the Scenario Hotline.
Ron Vaimberg, International High-Performance Mortgage and Real Estate Coach, runs through the top mistakes he’s seen brokers make in a contracting market and how to gain a competitive advantage.
And, for the first time in Australia, you have the opportunity to attend Ron’s Purchase Growth Masterclass designed to help you learn how to succeed in a very tough market, displace competition and win more business and referral partner relationships. Running over two sessions on 29 March and 5 April, access to these two sessions is $49 AUD (usually $249). Spaces are limited.
Register for the Purchase Growth Masterclass today!
Paying off large amounts of debt can be difficult, but what happens when you’re hit with it unexpectedly?
For Andrew’s customer, paying off $130,000 worth of overdue tax debt came as a surprise but with our help, they were offered a solution by refinancing an existing home loan.
What was the customer’s situation and how did Connective Elevate help?
The customer was a self-employed tradesman and had a current home loan with a major lender. Due to inaccurate decisions made by a previous accountant, he had an overdue tax amount of $130,000+. Fortunately, the customer had sufficient equity in his home to be able to refinance, meaning the tax debt was repaid with some money put aside for renovations.
What made this deal unique or challenging?
The overdue tax amount was large and unexpected.
What product did your customer receive?
Near Prime
Tell us about your experience working with Connective Elevate
The deal was initially discussed with the BDM who confirmed the appropriate product and required documentation. The loan was approved one day after it was submitted and documents were sent to the client two days after approval. The only delay in the whole process was the time required for the client to obtain a negotiated payout figure with the ATO. Otherwise the whole process was seamless.
Anything else you’d like us to know about the deal or your experience with Connective Elevate?
The whole process was relatively simple and quick. Policy is clearly written and my BDM is easily contactable and extremely knowledgeable.
This publication is intended for Connective and Bluestone accredited introducers and referrers only and is not to be distributed to anyone else, including consumers, under any circumstance. The information provided is general in nature and does not take into account your individual personal needs, requirements and circumstances. It is not a recommendation about any financial product(s) and does not constitute financial or tax advice. If you require financial or tax advice you should consult a licensed financial or tax adviser. The information in this email is given in good faith, believed to be accurate at the time of posting and is subject to change at any time. Information accurate as of 14 March 2023.
Your Connective Elevate Home Loan is administered by Bluestone Servicing Pty Ltd (Bluestone) ACN 122 698 328 (Australian Credit Licence No. 390183) on behalf of the Credit Provider, Permanent Custodians Limited ACN 001 426 384. Distributed by Connective Credit Services Pty Ltd ACN 143 651 496 (Australian Credit Licence No. 389328) trading as Connective Home Loans. T&Cs apply. *Where Underwriter resources allow.
*Where Underwriter resources allow.
