Deal Of the Week: Refinance, Cheaper Interest Rate, Preapproval for Investment Property.

✅ Client Situation:

• A family faced a tragic life event that led to unexpected expenses.

• Missed mortgage and credit card payments, severely damaging their credit rating.

• Forced to refinance with a high-interest lender at 8% (now 7.98%) due to poor credit.

✅ Solution & Results:
1️⃣ Immediate Refinancing → Securing a new loan with a 5% interest rate (aiming for 5.69%-5.75%).

Deal of the Week: High Loan-to-Value Ratio (LVR) Loans.

Key Points – Deal of the Week

✅ Client Profile:

• High-income couples who don’t qualify for Housing Australia schemes.

• Looking for a home worth $ 800 K+ in a major city like Perth or Brisbane.

• Struggling with deposit requirements or mortgage insurance costs.

✅ Solution 1 – 20/80 Loan Structure:

• First 20% deposit loan from a lender at 13.5% interest (avoids LMI but has a deposit premium).

• Includes a free buyer’s agent to help find the right property.

• The remaining 80% loan was financed separately at a much lower 5.69% interest rate.

• Strategy:

  • Once the home increases in value (after ~1 year), use equity to pay off the 20% loan faster.

Deal of the Week: Refinance, Vacant Land Purchase, and Preparing for Future Construction Loan.

Key Points from the Transcript

✅ Client Situation:

• A young couple with an existing owner-occupied property in Bannockburn, VIC.

• Wanted to use home equity to buy a block of land (already secured with a $1,000 deposit).

• Plan to build their dream home on the land in the future.

How Are Mortgage Brokers Different from Banks?

👋 Hi, I’m Shona Stephenson from Best Foot Forward Mortgage Solutions.

Here’s why working with a mortgage broker (like me!) is different from going directly to a bank:

✅ More Choice & Flexibility – I have access to 35-40 lenders at any time, meaning I can find the best fit for your unique financial situation.
✅ I Work for You, Not the Bank – My goal is to secure the best loan for you, not to sell a single bank’s product.
✅ Full Transparency – I share my screen with you so you can see exactly which lenders offer the best deals for your needs.
✅ Faster & Smarter Solutions – With multiple lenders to choose from, I can help you reach your homeownership goals faster and more successfully.

📞 Book a complimentary 15-30 minute call today, and let’s get started on your home-buying journey!