Deal Of the Week: Refinance, Cheaper Interest Rate, Preapproval for Investment Property.

Written By Shona Stephenson

Deal Of the Week: Refinance, Cheaper Interest Rate, Preapproval for Investment Property.

Key Points – Deal of the Week

✅ Client Situation:

  • A family faced a tragic life event that led to unexpected expenses.

  • Missed mortgage and credit card payments, severely damaging their credit rating.

  • Forced to refinance with a high-interest lender at 8% (now 7.98%) due to poor credit.

✅ Solution & Results:
1️⃣ Immediate Refinancing → Securing a new loan with a 5% interest rate (aiming for 5.69%-5.75%).
2️⃣ Leveraging Home Equity → The family has equity in their Brisbane property, which opens up new financial opportunities.
3️⃣ Pre-Approval for Investment Property →

  • They can now purchase a second property.

  • Rental income will help build wealth and long-term financial security.

✅ Key Takeaways:

  • A financial setback doesn’t have to define your future—strategic refinancing can help recover.

  • Even with past credit issues, better loan options are available with the right approach.

  • Using home equity wisely can open doors to property investment and long-term financial stability.

📞 Want to save money or explore investment opportunities? Let’s chat!

Shona Stephenson
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Deal of the Week: High Loan-to-Value Ratio (LVR) Loans.