Property can be a challenge
A home is the biggest purchase most people will make, so it’s never simple. Throw in renovations and investment properties, and you’re certainly in need of expert advice.
If you have a really great credit adviser, he or she will be prepared to work with you over the long term to find the right property and lock in finance for the purchase.
Justin Myers, recalls working with one client over three years, from obtaining initial pre-approval for a loan and helping the client successfully bid on a property, to arranging a construction loan for renovations and then helping unlock equity for property investment.
In cases such as these, a bank branch’s loan officer just might not cut it.
“When the client contacted me, he was dissatisfied with the experience he had had dealing directly with banks, who were focused on selling him a loan at the lowest rate, rather than setting up a loan that really met his needs,” says Justin.
“Our role was really to educate the client about the best way to approach financing of the property. We attended auctions with the client to give him confidence, really acting more like a private banker,” Justin explains.
“Then once the client had bought the right property, we were subsequently able to arrange a construction loan. When building was complete we had the property re-valued and the client was able to use the equity to make an additional investment,” he says.
The result was an exceptionally happy client, who has made a number of other investments, all with Justin’s assistance, and sent many of his friends and colleagues Justin’s way when they were looking to buy property.
“Our experience with this client really shows the value of receiving advice from a qualified credit adviser,” Justin says.
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