11 Oct We Do Complimentary Home and Investment Loan Reviews…..To Save You Money
I know you’ve noticed too……. home loan rates been low these last couple of years. With these lower home loan rates, many home owners and investors are making savings by refinancing their home and investment loans.
As an example, Jenny has a $350,000 principal and interest, variable home loan. Her interest rate is currently 4.89% and her repayments are $1855.41 per month. By refinancing her loan to a 3.86% principal and interest, variable loan, Jenny’s repayments are reduced to $1642.84 per month. That is a monthly saving of $212.57, or a whopping $2550.84 annually!
If Jenny decided to keep her repayments at her current at the original amount of $1855.41 after refinancing, she would instead save a total of $52,047.69 interest over the life of the loan, and pay off her home loan 5 years and 9 months earlier!
Investors too have found that by refinancing, monthly savings can possibly turn a negative cash flow portfolio into a neutral or positive cash flow portfolio.
Because I know you are busy with work and family, and that you have had this on your ‘to do list’ for some time, let us do the work for you to see how much you could save.
Once we establish it is worthwhile to refinance, we can match you with one of our lenders (including all the major banks) that we have available.
Call Mollie on 55261855 to discuss your situation and see how much you could save!