Shona Stephenson Shona Stephenson

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%).

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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.

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