Mortgage Broker Terranora
Even people who have had home loans before and are quite capable of sorting things out themselves can save time and money with us. This is because government rules can change, and banks can change their rules and requirements. This is where our Mortgage Broker Terranora can help. We think it is easiest demonstrated with and example (names have been changed for privacy reasons).
Jack and Jill live in a small home in Tumbulgum and want to buy a larger home in Terranora. They both have jobs, Jack is self-employed and Jill works PAYG, they also have some investment property income. They were lucky to have their bookkeeper suggest us, but they could have just done an internet search for Mortgage Broker Terranora to find us.
When they came to Davies Home Loans they were with a big 4 Bank on a typical home loan with rates as advertised. Overall there current home lookked pretty good compared to other advertised rates. Although they had been with their bank for years, their banker had never offered or suggested they could get a better personalised rate. Whilst they suspected they could get a better deal, but were always busy and never got around to asking.
Our Mortgage Broker approached the current lender to obtain private pricing on the future loan and discounts on existing loans. Careful wording of the situation achieved a good result with a future saving of $6,600 per year on the new loan and an additional saving of $3,600 per year on existing loans. But rather than sit back and accept the offer, our Mortgage Broker approached other lenders to see if an even better deal was available. An additional $2,200 saving was achieved on the new loan with a lender that would match all other aspects.
Overall our Terranora Mortgage Broker achieved an annual saving across all loans of $12,400
To put this into a bigger perspective, we do not charge people for our services, we look after all the hassle and paperwork and our clients make the savings. In this case $12,400 per year on their loan repayments, which makes a massive difference to their future as over a 30 year loan term this adds up to $372,000. Davies Home Loans Mortgage Broker Terranora was thrilled to be a part of this and we look forward to helping others with a similar situation.