If you are paying more than 4% for a home loan, you’re paying too much interest. Here is how Barry helped a client pay less and save more with refinancing. 

Laura is self-employed and is looking to refinance her investment property to take advantage of the lower interest rates.   

There were some challenges: 

• She was self-employed for less than 2 years and was previously PAYG income earner. 
• Her property was considered as high-density dwelling so it was not easy to find a lender that would refinance it. 

Here’s how Barry helped her get around them: 

• He found an Alternative Documentation lender (previously known as Low Doc lender) that was willing to lend at 70% Loan to Value Ratio (LVR). 
• Although her valuation came short of $20K, her interest rate would reduce from 5.59% to 3.69% so she was happy to chip in the shortfall to save significantly. 

What more is that lender came out with a special rate offer a week after settlement and Barry contacted the lender to negotiate the special rate, so that the rate came down further to 3.29% which meant a total savings of more than $12 000 for her.  

Laura was delighted with the added unexpected savings and really appreciated Barry’s initiative and extra effort to negotiate a better deal.  

If you want to take advantage of low interest rates and get a better deal like Laura, let us help you! Book a call with us. 

Note: Client’s name intentionally changed for privacy reasons. Image is for illustration purposes only.