Learn how a five-minute phone call on a Saturday night resulted in a dramatic financial turnaround for this homeowner.
Discover how to secure better loan terms and save money with Mortgage Broker Brisbane. To chat to an expert, call 1300 475 525 or contact us online.
Transforming finances with our expert refinance mortgage broker: one client’s success
Our client’s journey so far…
Our client is a homeowner who had not reviewed their loan in approximately eight years. They were in a steady employment situation and single.
This background provided a stable foundation and indicated potential opportunities for improvement in their mortgage terms. This was because of the long duration since their last loan review.
Client's concerns and goals: overcoming financial stagnation
When the client first reached out, they felt stuck with their current home loan.
They were sceptical about qualifying for a better home loan. They assumed their financial situation had not significantly changed to warrant a better offer.
Their primary goal was to explore if there were any possibilities for refinancing to achieve more favourable loan terms.
Steps taken to refinance: what was our approach to refinancing?
Understanding the need for personalised service, we initiated the refinancing process with a comprehensive discussion about the client's financial situation.
During a 6:30pm phone call on a Saturday night, we discussed their employment status, gross annual income, and estimated house value. We also confirmed their current home loan rate and balance.
In just a few minutes, we realised there was significant potential to secure much better terms for their home loan!
We pride ourselves on our flexibility and commitment to our clients. We offer consultations at times that suit them, even outside typical business hours.
Unlike traditional banks, we don't close our doors at 5pm; we're genuinely dedicated to helping our clients find the best possible deals whenever they need us - weekends and after-hours included.
Tailoring the perfect loan solution: essential factors we must consider
When selecting a new loan for the client, we considered several crucial factors to ensure the best fit for their needs. These included the amount of the loan required, any requests for equity release, and the client's serviceability.
Additionally, we focused on securing a competitive interest rate and ensuring the new home loan offered essential features, such as redrawing facilities.
These considerations were vital in tailoring a solution that aligned with the client's financial goals. They also provided added flexibility for future needs.
Curious about how soon you can refinance after purchasing your home? Learn more about your options and the right timing in our detailed guide: How soon can you refinance a home loan after purchase?
The refinancing process typically takes around three weeks from start to finish.
Unlocking $10k in equity
As part of our refinancing process, we facilitated the release of $10,000 in cash by tapping into the equity available in the client's property.
The result? Our client now has the money to complete essential repairs to their property and pay out their credit card.
Their new home loan has lower repayments than the mortgage at the old rate and minimum credit card monthly commitment combined!
This approach not only provided immediate funds but also leveraged the existing value of their home to achieve their financial goals.
Are you overpaying on your home loan?
It’s very common for homeowners to pay higher interest rates without realising it, particularly if their loan is more than two to three years old.
Market conditions change, and lenders often offer more competitive rates to new customers. This disadvantages existing borrowers unless they actively review their mortgage and refinance their loans.
Client's feedback and experience: from doubt to relief
The client initially doubted their ability to refinance but was ultimately very happy and pleasantly surprised by the outcome.
They expressed immense relief at the dramatic improvement in their financial situation achieved in such a short period. This positive experience highlighted the value of exploring refinancing options.
Our advice to homeowners: let’s get the conversation started
All it takes is a five-minute phone call
If you haven't reviewed your mortgage in a few years, it's worth having a free conversation with our experienced broker.
In less than five minutes, you can determine how much you could potentially save on your home loan. This quick check could yield significant financial benefits and more favourable loan terms.
Call us for a no-obligation chat on 1300 475 525 or get in touch with us online.
About Mortgage Broker Brisbane
At Mortgage Broker Brisbane, we are committed to helping you achieve your financial goals with the right home loan that meets your needs.
Gain a dedicated advisor who will guide you through every step of the mortgage and refinance process.
Our experienced brokers look beyond interest rates. We take into account loan fees, features, and your short- and long-term objectives to find the best financing solution.
Our personalised service is completely free. This allows you to compare loan options from multiple lenders, whether you're looking to find your dream home or refinance your home loan. Choose Mortgage Broker Brisbane for a seamless and tailored mortgage experience.
Why work with a Refinance Mortgage Broker?
- Personalised service tailored to meet your unique financial needs and goals
- Access to multiple lenders, allowing you to compare loan options and find the best fit
- Guidance from home loan experts through every step of the mortgage process
- Save time and money by quickly identifying potential savings and better loan terms
- This service is completely free, offering you all these benefits at no cost
Let’s chat: tell us a little about your circumstances and in just a few minutes, we can explore suitable refinance options for you. Call 1300 475 525 now or get in touch with us online.
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