Do you have clients with unsecured debts?
Do you have deals that aren’t servicing?
Refer your ‘dead’ deals to ChapterTwo to see whether we can bring them back to life.
Example
- Client has a $600,000 property
- Mortgage is $450,000
- Current Debts: $80,000
If the broker was to try to refinance all of the unsecured debts the new LVR would be 88.33% which most lenders would not accept due to high levels of unsecured debts.
Solution
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Chapter Two works with specialist lenders to obtain a pre-approval for the refinance on the basis the unsecured debts are settled, and the new loan amount is at 80% LVR.
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Chapter Two will negotiate with the client’s creditors to achieve these settlement figures through our highly skilled negotiation team.
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On $80,000 of debt we will need to settle at 37.5c in the dollar which leaves $30,000 to be rolled into the new loan
The New Loan
Client has a $600,000 property | Mortgage is $480,000 | Current Debts: $0


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