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Non-Standard Success Stories: Alternate Income Verification for Refinance and Debt Consolidation

scenario hotline blog

Using alternate income verification to help existing customers refinance and consolidate debt

Customer Scenario

This married couple wanted to refinance their home and consolidate roughly $125,000 of debt, including tax debt. 

Workshopping the solution 

The husband and wife operated a partnership together. They wanted to refinance their primary place of residence and consolidate several debts, including a debt to the ATO. Their broker called our Scenario Hotline to discuss options for the couple, who wished to verify their income with an accountant’s letter. 

Outcome

We advised their broker to apply for our Near Prime Alt Doc product. The application was unconditionally approved, with an exception to accept the accountant’s letter as security. 

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