Client short story: Valued Smartmove client saved over $5,000 per annum of interest (over $25,000 over 5 years) by refinancing to a new bank

Originally, our existing client purchased an investment property with a loan to value ratio of 90% (paying lenders mortgage insurance at the time the property was purchased). The loan was also interest only. When combined, these three aspects (investment purpose, the fact the loan was mortgage insured & the interest only repayments) pushed the interest rate up.

Through reviewing the loan and the value of the property periodically, we determined that the loan to valuation ratio had dropped substantially over two years since the property was purchased. Our client has then refinanced and received a better deal on the rate (reducing the actual rate by circa 25% as a result).
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Written by Tom Morison

I have a genuine desire to create a strong reassuring sense of trust, confidence and satisfaction for my clients. It’s important that I provide you with the knowledge I have so you can make the best decisions for yourself with my guidance.
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