Meet Matt and Megan...

Matt and Megan* are married and have two children under the age of 8.  

couple buys home through refinancing



  • Matt and Megan are married and have two children under the age of 8.
  • Five years ago, Matt had a business that failed.
  • Earlier this year he was discharged from bankruptcy. He has held down a steady permanent part time job at the local hardware store for the last three years.
  • They are debt free and own their own home, valued at $620,000.


Their current situation

  • They want to use the equity in their home to withdraw $70,000 to update their furniture.
  • With Matt’s salary, a Centrelink parenting benefit, and the Family Tax Benefits Part A and B making up their income for serviceability; they were looking for a lender who could support their dream.


Real life solution

  • After reviewing Matt and Megan’s situation, Pepper Money was able to offer them a Near Prime Full Doc home loan. 
  • This allows for discharged bankruptcy (> 1 day accepted), and FTB Payments Part A & B. Parenting Allowances can be accepted at a rate of 100% as income for servicing.




Broker submits scenario of client to non-bank lender

Non-bank lending making a real life difference.

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* Fictional scenario. These case studies are based on real-life examples, are not testimonials and have been provided for educational purposes only. They are not intended to imply any recommendation about any financial product(s) or constitute tax advice. If you require financial or tax advice you should consult a licensed financial or tax adviser. Outcomes will vary depending on the applicant’s individual circumstances. Applications are subject to credit assessment, eligibility criteria and lending limits. Terms, conditions, fees and charges apply.

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