Weekly Scenario – Debt

Prime Finance was approached by a broker who had a client that needed short term funding for 12 months to pay off debt. The client’s arrears on his 1st mortgage was over $50,000, a tax debt of $150,000 and a further $25,000 in business debt.

Solution:

Prime Finance did this as a 2nd and settled on a caveat within 7 business days. The LVR was around 75%.

Visit our website or send senarios to loans@primefinance.com.au and find out how we can help your clients.