Good News Story for this week.
We have 2x successful refinance stories. Our home loan team has been working hard to save our clients thousands in interest.
Our client had 2x investment loans for a total of $575,000 paying an interest rate of 5.2% with one of the big banks. The refinance to a 3.99% investment loan will save $7,072 in the first year alone.
We lodged an application and had approval within 2 hours of lodgement.
After docs are signed, we should have the refinance completed within 2 weeks.
Given that they can take 1-3 months, this is a big time saver and they will be saving over $3,108 a year in interest.