Divorcee Finance (Refinance)
Amanda had suffered a marriage breakdown. With two young children Amanda desperately wanted to maintain a stable living situation by keeping the family home.
Her ex-husband, however, was demanding that his name be removed from the mortgage, and if this couldn’t happen within 60 days that the house be sold.
Amanda worked part-time and received carers pension for one child, along with other Centrelink payments. Because the debt level was high and her bank wouldn’t consider her government pensions as acceptable income she wasn’t able to restructure the loan. She believed she would need to sell the house.