Charge Cash has hit a document $5 billion in residence mortgage settlements just below 4 years since its launch, serving to greater than 8,000 self-employed and migrant Australians.
The information got here solely seven months after the 100% Australian-owned firm achieved its $4 billion milestone in residence mortgage settlements.
Ryan Gair (pictured above left), CEO and co-founder of Charge Cash, mentioned the corporate is extraordinarily proud to have settled $5 billion residence loans in just below 4 years, significantly within the present rising-rate setting, which noticed the Reserve Financial institution raise the OCR to an 11-year excessive of 4.1%.
“Since establishing in 2019, Charge Cash has helped 1000’s of self-employed Australians get by means of a few of the hardest occasions enterprise homeowners have ever skilled,” Gair mentioned.
“Our success lies in the truth that we imagine self-employed individuals are probably the most dependable debtors within the nation. They’re exhausting employees who know methods to generate income, methods to save, and methods to scrimp in robust occasions. Our outcomes show this, and we’ll proceed to maintain innovating our product providing to be able to present workable options for 1000’s of self-employed Australians who shall be dealing with even more durable standards within the years to return.”
One shopper, Aaron Graf (pictured above proper), proprietor of Grafscapes Landscaping in Sydney, determined to look into refinancing his present residence mortgage with enterprise accomplice and spouse Lisa. The mortgage quantity sought was $712,500, to fund their home renovations and assemble a shed/workshop to develop their landscaping and earthworks enterprise. Their property was valued at $950,000 on the time.
The pair bumped into issues when their present lender couldn’t present them with the required fairness launch and different revenue proof to assist their refinancing request. Fortuitously, they had been supplied an answer by Charge Cash by accepting their revenue declaration supported by an Accountant Letter, which served as different revenue proof.
Due to the mortgage, the husband and spouse had been in a position to full their home renovations and efficiently assemble a big shed and workshop. Not solely had been they in a position to improve the worth of their residence, their enterprise is flourishing now too.
Charge Cash mentioned it can proceed to help self-employed Australians like Graf, by serving to them develop their enterprise, providing refinancing choices for money circulate, and offering monetary options for property investments, with their versatile product vary, not obtainable with conventional lenders.
Use the remark part beneath to inform us the way you felt about this.