See how much these clients save in this mortgage refinance scenario. Everyone has different
circumstances though, so to find out how much you may save by refinancing please call!

Refinancing a Mortgage with a Rebate Home Loan

Scenario
Mr and Mrs Jones decide to refinance a $250,000 mortgage for their own home and also an investment property mortgage of $200,000.
These existing loans are already on a discounted variable interest rate that is 0.5% below the standard variable rate offered by most of the major lenders.
By utilising our mortgage service they will receive a $1,200 rebate for refinancing these loans. Let's assume that the costs involved in this refinance total to $800. Mr & Mrs Jones decide to take advantage of a honeymoon offer from one of the lenders and the loans have a 1.2% discount off the standard variable rate in the 1st year. This is 0.7% better than if they had remained with the former lender and amounts to interest savings of $3,150. After the 1st yr the loan then reverts to a 0.5% discount off the standard variable (the same position they were in originally).
In the above scenario Mr & Mrs Jones have saved approximately $3,550 over the course of the 1st year since refinancing which amounts to a saving of approx $67 per week. Another way to look at it is to say that they committed a total of 3 hrs of their time to facilitate the whole transaction which amounts to $1,180 per hour.

NB; Please note that the above refinance scenario is intended as a guide only. Individual's circumstances are always different and you may save more, or less, than indicated in this example.

Fore more information on large loan amounts and potential savings please click here!