Refinance challenge

Discussion in 'Loans & Mortgage Brokers' started by spludgey, 23rd Aug, 2019.

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  1. spludgey

    spludgey Well-Known Member

    Joined:
    18th Jun, 2015
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    3,483
    Location:
    Sydney
    Is there a broker that’s up for a bit of a challenge?

    I’ve got one loan (only $110k) that I’d like to refinance now and I’ve got nine loans totalling $1.4m coming off fixed in February. The reason I want to refinance is not just the rate, but also the term of the loans. We’re paying over $40k in principal each year. I’d much rather put some of that against my non deductible PPOR loan.


    Just to warn you, my wife is only working part time, we have a son and 10 IPs, so the numbers might not stack up for refinancing, but if you’re willing to run a quick calculation, please message me and I’ll send you my numbers in detail.


    Thanks!
     
  2. spludgey

    spludgey Well-Known Member

    Joined:
    18th Jun, 2015
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    3,483
    Location:
    Sydney
    Alright, while unfortunately I won't be able to refinance until my circumstances change reasonably significantly, I still wanted to give a big thankyou to @Peter_Tersteeg for contacting me and taking the time to run the numbers and quantify the shortfall.
    Definitely seems like a good person to be dealing with if you're looking for a loan (and have some sort of serviceability, unlike me)!
     
  3. Lucki

    Lucki Well-Known Member

    Joined:
    4th Sep, 2016
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    Location:
    VIC
    Yeah he is a top broker :)