Save $1,080/Month In Interest And $100,000 On Mortgage Repayments
— Debt Consolidation Case Study
Record low mortgage rate!
How much savings do you think you can get if you refinance?
How does saving $1,000/ month sound?
Or what about saving $100,000 on your mortgage repayment?
How about both?
It would help a little bit, wouldn’t it?
Especially during this challenging time.
Sam and Chloe got just that,
After refinancing their mortgage and consolidating their debts, they saved $1,080/month in interest and took 5 years off their home loan term, saving a whopping $100,000 on their mortgage repayments.
They originally just wanted to get a cheaper interest rate, but they ended up with such massive savings.
They were over the moon.
I would too if I were them.
Sam and Chloe are just every day Aussies like you and I.
They are indeed very thankful they still have their full time job to be able to refinance their home loan.
They are even more grateful for their mortgage broker who did the refinancing for them.
Sam works in IT security, is currently working from home during this difficult time and Chole is a school teacher, she’s busy preparing online teaching.
Sam knew Mortgage Corp director Neil Carstairs for a while, through the fishing community.
Hearing about the most unprecedented interest rate cut, Sam rang Neil to get some advice on how to pay off his credit cards debts and save money on their home loan.
They had quite a lot of high interest bad debts including 2 credit cards which they used to make some large purchases, car loans, store cards…, paying between 9.5% to 24% interest.
Sam and Chole have been paying their debts diligently, but were very frustrated because they were just not getting ahead.
During the phone strategy consult, Neil reviewed their current financial situation, did a valuation on their home to ensure they had enough equity and swiftly came up with the following solutions.
1️⃣Refinance their current home for a lower interest rate.
🎺Results: Cutting the loan term by 5 years, saving approx. $100,000
If they keep paying the same amount every month, they will be able to pay it off in 20 years, not 25 years.
2️⃣Refinanced the 2 credit cards- reducing the interest rate from 19.99% and 24% to well under 3%.
🎺Results: Saving $850 per month in interest
3️⃣Refinanced car loan – reduced the interest rate to below 3%
🎺Results: Save $230 per month in interest
Total saving $1,080 per month and shortening home loan term by 5 years, saving approx. $100,000.
End results: if they keep with the same payments as before the consolidation, their credit card and car loans will now be gone in 3-5 years, save $100K in repayments, plus on track to paying their home off at an accelerated amount, this is after 2 years of getting nowhere previously with their debts.
To find out how much we can help save you and also plan and prepare for future property investment success
Book a Free Mortgage Review and Planning Consultation.
Not All Mortgage Brokers Are The Same
With bank policies and government legislations changing so frequently, sometimes daily during the Coronavirus Pandemic, before you make any decisions, whether it’s comparing interest rates or restructuring your current loans or planning for future investment, it’s essential you speak to an experienced mortgage broker who knows what’s going on in the market.
Neil has his finger on the pulse, he’s updated with the ever changing lender policies and government changes. Neil continues to deliver great results for clients and get loan approved fast during times of uncertainty!
🏆Neil is a multi-award winner Hall of Fame Elite Mortgage Broker.
With over 15 years of mortgage experience and hundreds of millions in successfully settled loans, Neil knows the lenders’ products, policies and people intimately and how to apply the forever changing lender policies and government legislations to get things done effectively and efficiently.
As you can imagine, Neil is currently inundated with calls from property owners wanting to not only save some money but also get prepared for future investment opportunities.
Grab an available spot on Neil’s calendar now before it’s gone! 👇
Plan And Prepare For The Unexpected
To find out how to not only save money but also get prepared for the economic uncertainty, and plan for future investment opportunities when they arise.
Book A Free Mortgage Review and Planning Consultation With Elite Mortgage Broker Neil Carstairs
Home Loan Application -What To Expect During This Usual Time
1️⃣ With the unprecedented rate drops and coronavirus pandemic , you need to make sure you have all the docs in the right place otherwise, you’ll have major delays that can take months or worse case, your loan gets declined.
As you may know, a lot of banks have outsource to the Philippines, now they’re in lockdown, a lot of pressure is now put back on the Australian staff, which as we know, banks have cut down on staff over the years, they’re working from home under pressure.
Applications can take up to 30 days before they even get assessed. Valuations can get dragged out too.
We’ve had many clients coming to us because their loans got delayed for months due to docs not supplied in full at the start.
2️⃣During this unusual time, banks will scrutinise borrowers more to make sure you’re still employed. They may ask you to supply bank statements or ask your employer to supply a letter. If you’re a property investor, this means banks will need to see that your rental income hasn’t changed.
3️⃣ If you’re looking at buying an investment property, you need to make sure you look for investment properties that you’re going to get tenants in and make sure the tenants will have his or her job and will be able to pay rent because under the current law, you can’t evict them if they can’t pay rent. You’ll still need to pay your mortgage.
Not fair, we know but new laws are coming out everyday, so things can change any day anyway, just need to keep on top of it, or work with someone like Neil, who’s on top of all the changes.
To make sure you get everything right the first time without suffering from the loss of money, time, opportunities, sleep … we invite you to book an Obligation Free Loan Strategy Consultation with Neil today.
Book A Free Loan Strategy Consultation
About Neil Carstairs
Neil Carstairs is a multi-award winning Hall of Fame Elite Mortgage Broker with consistent 5 star client reviews.
✅Neil has been helping property buyers achieve their dreams over the last 10 years with hundreds of millions of successfully settled loans
✅Neil is known for his strategic approach to complex lending and ability to reach fast, successful outcomes for property buyers.
✍Here is just a small sample of what property investors and home buyers have said about Neil Carstairs 😇😇
👍👍HE KNOWS HIS STUFF👍👍
“We had the pleasure of meeting with Neil & his team who made the purchase of our first home so easy.
Despite working with a large financial institution and receiving staff perks, I went to Neil because he knows what he’s doing. He cleared all the irrelevant information we were given previously and showed us how we can purchase now. Something that a number of lenders failed to do. On top of that, he picks up his phone. Thank you Neil, Doug and the team for helping us get our foot in the door. We appreciate your awesome work!” GIANG
💕HAVE MY BEST INTEREST AT HEART💕
“Neil made the idea of an investment property purchase easy. He guided me through the whole process and made it clear that if it is not in my best interest or financially possible to look at a property he would not push the issue. Now I have the opportunity to purchase one, it gives me confidence to continue to look at different areas to start my portfolio.Thanks to everyone at Mortgage Corp.” MATT
👍👍TOP NOTCH 👍👍
“My partner and I bought our first property through Neil at Mortgage Corp. His service was top notch and virtually pulled a rabbit out of a hat to help us secure our first loan. He responded extremely quickly to emails and calls and was generous with his time for our endless questions! I can’t recommend Neil and Mortgage Corp enough, we will definitely come back for our next loan. Also, thanks for the picnic backpack, we’ve used it heaps”. Carly
👍👍TRUSTWORTHY 👍👍
“Neil at Mortgage Corp is reliable and efficient. He has been our broker for a few years and we continue to rely on him and would highly recommend him. Neil is trustworthy and he makes the process seamless, always contactable and professional. Always happy to deal with him.” Diana
👍👍💯Best Broker in the business👍👍
“I first contacted Neil July last year after being turned down by a few mortgage brokers as my name was on another mortgage which I co buy with my brother as the house was only a few months old and I’ve been told that no bank would lend me any money. I filled out the form at mortgage Corp and Neil made contact with me the next day. I explain my situation and Neil told me that I’m screwed but he can help me remove my name from the other loan even though it was only a few months old so I can buy a property. Almost 7 months later and I moved in to my property last Friday and also Neil refinance my brother and sister in laws loan and got the A even better deal so win win situation. If it wasn’t for Neil I wouldn’t be able to buy any time soon. I can’t recommend Neil and Doug at mortgage Corp enough. The service was next to none thank you Neil you’re a legend.” Maui
💝FANTASTIC MORTGAGE BROKER WHO GOES ABOVE AND BEYOND💝
“We cannot thank Neil enough for the service that he provided when we were purchasing our property. Neil was absolutely amazing throughout the whole process. Neil went above and beyond to provide us with exceptional advice, always making us feel like we were his only client. We would highly recommend Neil to anyone wanting professional advice when choosing a Mortgage. Thank you Neil it was an absolute pleasure working with you.” Molly
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