LATEST INSIGHTS
With interest rate rises continuing, we have been working with a number of our existing clients to assist them with refinancing. Easing repayment pressures and saving thousands on the lifetime of the loan - learn more about how we achieved these results below.
Case 1
An existing business client, expressed interest in reviewing their home loan. Our team were able to secure a new loan with a rate saving of 0.88%.
With a relatively small loan, approximately $340,000, our Synergy Business Finance team have saved them $155 per month and potentially 10’s of thousands of dollars in interest payable over the term of the loan.
Case 2
As another existing business client with both a home loan and investment loan, the interest only term of this client’s investment loan had finished. Meaning they were now paying principal and interest.
Our team secured another interest only investment loan for the client, shaving 0.64% off their interest rate in the process – as well as a reduction of 0.71% off their home loan interest rate.
This reduced our clients loan repayments by over $1,000 per month, along with returning the loan structure to an interest only loan term. Meaning our business client reaped the benefits of additional cash flow month on month for their investment – but also enjoyed a reduction in their home loan repayments by over $200 per month.
If you'd like to discuss refinancing or learn more about how we can help you find savings in your mortgage - contact our finance team today!
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PHONE:
1300 324 588
info@synergybf.com.au
TOOWOOMBA OFFICE
Level 3, Toowoomba City, 3/482 Ruthven St, 4350, QLD, Australia
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Synergy Business Finance ABN 27 649 662 493
Credit Representative Number 532594 is authorised under Australian Credit Licence 389328
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