At MYNT Financial, we believe that every family should have the opportunity to own a home, regardless of their financial situation. This is why we are committed to helping clients from all walks of life, including those who may have been turned away by traditional banks. In this case study, we share the story of a family of six who came to us for help when they were living in a garage, and how we worked with them to make their dream of homeownership a reality.
Background:
In February 2022, we received a call from a family of six who had been living in their brother’s garage for several months. They were determined to save for a house deposit but had been turned away by several banks due to their financial situation. They were grateful for the opportunity to have a conversation with us, even if it did not lead to a successful outcome.
Challenges:
Despite the challenges, we were determined to help this family. We worked with them to secure a pre-approval, and they were able to make an unconditional offer on a house and land. However, the land settlement was delayed by more than five months, and during this time, there were multiple rate rises that could have jeopardized their deposit. We worked with multiple lenders to ensure that there was always a backup plan in place to protect their investment.
Solution:
Our team at MYNT Financial worked tirelessly with the family to ensure that they had the support they needed to achieve their dream of homeownership. We provided guidance and support throughout the entire process, from securing the pre-approval to navigating the delays in settlement. Our team also worked closely with the family to explore different scenarios and options, ensuring that they had the information they needed to make informed decisions.
Outcome:
Finally, after 12 months of hard work, the family settled on their land and began preparing for the build of their dream home. The joy and gratitude expressed by the family during settlement made all the hard work worth every minute. We were proud to have helped this family overcome their financial challenges and achieve their goal of homeownership.
At MYNT Financial, we are committed to helping families achieve their dream of homeownership, regardless of their financial situation. We believe that everyone deserves the opportunity to own a home, and we are proud to have helped this family turn their dream into a reality. If you are facing financial challenges and are looking for assistance with securing a mortgage, we are here to help. Contact us today to learn more about how we can help you achieve your homeownership goals.
