18. Scenarios

Miranda is a busy mum of 3 who is ready to remove her ex husband off the family home title. She’s a part time nurse, but has worked regular and consistent overtime for the last 2 years.

During the divorce Miranda accrued some credit card debt and personal loans she’d like to pay off as part of her refinance.

Between Miranda’s overtime income, which her broker evidenced with her payslips, tax returns and matching NOAs, and the Family Tax Benefits A&B she received for her kids, Bluestone was able to prove servicing easily and remove Miranda’s ex from the title.

As an added bonus, given her low LVR, Miranda qualified for our best available Prime rates and saved hundreds of dollars in extra interest payments on the debts she consolidated.

Deepak and Amy have worked full-time at their local hospital for 10 years, and regularly receive overtime pay.

Currently renters, they are keen to take advantage of current low house prices and rates to buy their first home. Despite their sizeable deposit, they need a lender who can take into account all their income to meet serviceability requirements.

With a clear credit history, long-standing employment in health care, and evidence of consistent overtime payments, Bluestone was happy to approve Deepak and Amy under our full doc Prime product.

The couple was able to buy their first home with a competitive interest rate.

Darren has owned a successful digital solutions company supplying the health care sector for 3 years now.

With his kids getting older, he’s decided it’s time to upsize the family home, but with his business scaling significantly in the last year, his most recent tax returns don’t tell the full story of his success.

Using his 2 most recent BAS statements, Darren’s broker was easily able to prove Darren’s stable income.

His clean credit history and strong income qualified Darren for our Prime alt doc product, and he was able to give his kids the extra room they needed to grow.

Prison guard Zac and child care worker Catriona moved into their newly built home a few months ago, and are now ready to put some final finishing touches to it.

They’re also struggling with high repayments on several personal loans and credit card debts they amassed during the build.

Zac’s pay slips and Catriona’s recent Business Bank Statements were enough to prove consistent income to service their loan.

Bluestone approved them on our alt doc Prime product, and the couple saved $1,500 per month in repayments and used their $10,000 cash out to finish their new home.

Carolyn lives in a rented apartment with her 17-year-old son, and is ready to buy their first family home. She has a strong employment history as an essential worker in the Roads and Traffic sector and no other debts.

But four years ago she forgot about a small interest-free loan for a kitchen appliance that came due at the same time her dad passed away. She paid off the loan as soon as she became aware of it, but the default is still on her record, and she’s worried it’ll prevent her from getting a loan.

Carolyn’s broker explained the context of her default and Bluestone was satisfied that it was a one-off event caused by exceptional circumstances at the time.

We were happy to approve Carolyn for her first home loan at a competitive rate.

Chloe recently finalised a difficult divorce, and continues living in the family home with her three young foster children.

She’s ready to refinance to remove her ex-husband from the title. Unfortunately, during the separation her ex ran up a lot of credit card debt on their joint accounts, and she has two defaults for $200 and $600 on her record from a little over 2 years ago.

Chloe’s broker asked her foster agency to provide a letter to confirm her carer allowance, which she had received for over 4 years.

Between her casual income from the local butcher, where she’s worked for 5 years, and her carer’s allowance, Chloe was able to prove servicing, and successfully refinanced to become sole owner of her home.