Deal Of the Week: Refinance, Cheaper Interest Rate, Preapproval for Investment Property.
Deal Of the Week: Refinance, Cheaper Interest Rate, Preapproval for Investment Property.
✅ 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%).
Deal of the Week: Refinance, Vacant Land Purchase, and Preparing for Future Construction Loan.
Deal of the Week: Refinance, Vacant Land Purchase, and Preparing for Future Construction Loan.
Key Points from the Transcript
✅ Client Situation:
A young couple with an existing owner-occupied property in Bannockburn, VIC.
Wanted to use home equity to buy a block of land (already secured with a $1,000 deposit).
Plan to build their dream home on the land in the future.