There are times where I wish I had the power of foresight. If only I had known about BOQ (Bank of Queensland) and their Clear Path Home Loan, my life would be completely different.
Let me start at the beginning.
I’ll never forget the first time I saw my first home. It was like love at first sight. My boyfriend was working in real estate and came across a beautiful unit complex within walking distance of the beach. We’d been renting for a few years and we were finally ready to buy. We walked through it dreaming of the kind of life we’d build if we bought it. While standing in the courtyard trying to ignore the traffic sounds that threatened to burst our happy bubble I asked my boyfriend if he thought we should buy it.
Just as an FYI, you should know that this post is an advertorial by BOQ. But all opinions expressed by the author are 100% authentic and written in their own words.
“I think we’re standing in our new home,” he said. I felt giddy. We were happy, we were in love and we were about to buy our first home. We became home owners with the wide-eyed innocence of any happy and in love couple who had no idea bad things could every happen to us within our bubble. Life was perfect, so everything from now on was going to be perfect.
Nine years later I arrived home to a letter taped to our front door. It was a notice informing us that our non-bank lender was foreclosing on our home. After eight-and-a-half years of being perfect clients who had paid our mortgage ahead of time we quickly fell behind when my husband was fired during the Global Financial Crisis in 2008/2009. We immediately called our lender and explained the situation. They couldn’t have been nicer. They put us on temporary reduced payments and we did our best to find more work. Then they hit us with thousands of dollars in late fees, endless nasty letters and treated us like criminals.
Home ownership is the Australian dream but beware who you borrow from. I learned the hard way that a non-bank lender was not the way to go. If you are going to borrow a huge amount of money from any institution, make it a bank where you can establish a relationship. Particularly one with a unique customer focused approach, like BOQ, who build genuine relationships based on knowledge and understanding of the customer. And one that has a home loan with flexibility to suit your needs like the Clear Path Home Loan from BOQ.