How can you access life changing results by doing virtually nothing?
By refinancing with TM Finance Group…
Recently my brother asked me if I’d help some friends of his with their home loan. He was sure they were paying too much interest on their mortgage, and that it was having a trickle-down effect on their livelihood.
He was right about their repayments. They were high. Unnecessarily so.
Kris and Rick moved out of Melbourne into regional Victoria two years ago when they purchased their home. It was a tree-change for the young family, a slower pace, better quality of life. But was their mortgage hindering that?
Kris is one amazing woman. She works from home and has 3 special needs children in her care, plus a daughter of her own. Her husband, Rick works a 9-5 and when he isn’t at work, he’s renovating the house they live in––when they purchased their home it needed a lot of work. A hard -working couple, they really deserve to see more for what they’re putting into their home.
So how did they get into this position? It’s such a common situation and no fault of their own.
At the time of purchase, Kris’ income was specialised, which really narrowed down their options for lenders. In fact, only one lender could help them, so they settled with a high interest rate. They did what they had to do.
But did they have to settle on those interest rates?
In short, no.
When my brother recommended them to me, he knew speaking to a finance broker was going to be their best path toward a brighter financial future.
Let’s look at what Kris and Rick were working with when they came to me…
At 6.56% or $3642 per month, the interest rate was higher than they wanted, so refinancing *today* was an obvious, and easy decision. But it wasn’t an easy transaction
To get them the best (new) rate they could I knew it was important to complete the renovations. At our first attempt to refinance; their valuation came up a little short. Our new plan was to wait until the bathroom had been completed and a new staircase installed, and to try again.
Success.
With the support of Mortgage Mart, a new valuation, and a new variable rate of 2.60%, Kris and Rick’s approval and then refinance was life changing for them. And, there’s very little chance Kris and Rick would have had the same outcome had they gone in alone.
So, just how did the refinancing “change life” for Kris and Rick?
With my help, Kris saved a huge 3.96% on her Home Loan Rate.
In clearer terms, they moved from a monthly repayment of $3642, to a new monthly repayment of $2242.
That’s a HUGE $1400 savings per month!!! And $22,176 in interest per annum!!
Life changing.
Having a broker to support you and a great business development manager (BDM) can make huge difference to people’s lives.
Do you want to see if I can do the same for you? Let’s assess.
Call TMFG today and we’ll try to change your tomorrow!