Max and Jasmine are home loan interest rate hunters. They know their bank won’t tell them to seek a second opinion so they go out and find their own rates. They had a home loan with a major Australian bank. Max and Jasmine contacted Finance and Loans for a second opinion to assess if there were any more competitive interest rates compared to their current home loan. After careful research and negotiating on behalf of Max & Jasmine we were able to assist Max and Jasmine in the following:
Max and Jasmine’s current home loan:
| Loan Account | Total Amount | Monthly Repayments |
| Home Loan 5.3% -30 year term | $ 575,000 | $ 3,193.10 |
| Total | $ 575,000 | $ 3,193.10 |
Max and Jasmine home loan after refinance:
| Loan Account | Total Amount | Monthly Repayments |
| Home Loan 4.3% -30 year term | $ 575,000 | $ 2,846.10 |
| Total | $ 575,000 | $ 2,846.10 |
Monthly Savings
$347.00
Yearly Savings
$4,164
Max & Jasmine decided to continued to make the same repayments of $3,193. This will result with them paying off the home loan nearly 6 years earlier and potential interest savings of $99,000.