Olivia bypasses the banks for her new home loan

About Olivia

After being declined by the banks, we helped Olivia find another way to finance her new home.


Olivia is a single mum with two kids. Well, they’re not really “kids” any more! Her eldest is 17 years old and has just started his career, leaving school early to persue full-time work. As her life and family slowly change, Olivia is thinking about her next steps.

The sale of another property prompts Olivia to look at purchasing a new home. The next step, she figures, is to find a home loan. This sounds easy enough to Olivia – but in reality, it proves to be a real challenge.

Even with full-time work and additional income, such as income from Centrelink and child support, her application for finance is knocked back by the banks. Olivia is confused as she has figured out that there is plenty of income to make repayments. That’s when she contacted Rapid Finance.

Age

Mid-forties

Employment

Full time

Income

Salary, Centrelink and Child Support income

How we helped

By taking the extra time with Olivia’s application, we were able to see what the banks didn’t.

  • Step 1

    We reviewed Olivia’s documentation, verifying her income and ability to make repayments.

  • Step 2

    With her son starting full-time work, we established that Olivia only had one dependent child.

  • Step 3

    We matched Olivia with a lender and presented this additional information to support her case.

The outcome

Olivia got her new home!

Olivia was able to secure a loan and purchase her new home.

We’ve helped many Australians just like Olivia. And we could help you, too.
Apply for finance today

Other People That Rapid Has Helped

Please Note:
These case studies are based on actual outcomes we have achieved for real people. Their names and photographs have been changed.