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Writer's pictureRoss Hanrahan

Save 10 Years On Your Home Loan

Here’s how I saved my client over $10,000 per year in mortgage repayments 💰 



And here’s how that saving will shave 10 years off their mortgage ✅



The customer came to me with a 400 credit score… banking benchmark generally declines at <500. 😤



Undeterred by this, we sent them to our credit fix team who turned that around for $1,250 (no win, no fee) to over 770. 📈



Now we can pass approval for refinance. Fantastic…



We value the property through electronic valuation and obtain a 70% LVR. So 6.00% rates at a mainstream funder, taking them down from the current 7.89% they were paying. 😵



And while we’re there the funder offered $2,000 cashback covering the cost of the credit fix and refinance. Nice! 😊 



So now we’re going to do 2 things…



1. The customer is going to put $100 a week into the offset / redraw facility saving a whopping 10 years off there mortgage with any lump savings. Happy days 👌



2. Use the remaining $90 a week they saved to pay down their car loan faster which should later save them around $450 a month on repayments easing the cost of living and/or enabling them to add to the offset / redraw account.



Sometimes a little patience and little strategy pays off…



Want to see how much you can save?


Book a 30 minute discover call - linktr.ee/rossthemortgagebroker

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