With their first baby on the way, Nick, a panel beater, and his wife Lisa were concerned about keeping up with loan repayments. With Lisa on leave from work, the couple were already struggling with their finances.
A mortgage on their own home and poorly structured loans on two investment properties were proving a financial strain with only Nick’s income to rely on. After refinancing their loans to a better structure and interest rate, the couple were able to save upwards of $760 each month on their repayments.
Nick reflected, “initially we were worried that we would be forced to sell one of the properties that we had worked so hard to get. But with our new loans we are able to save money and manage with repayments, which has really given us peace of mind in such an important time in our lives.”
