HIGHER LOAN AMOUNT LOWER REPAYMENTS. IS IT EVEN POSSIBLE?
We recently increased the loan amount of a current client to provide the deposit to purchase an investment property. During this process, we negotiated a reduced interest rate for our client. This resulted in our client saving $104 per month and getting an extra $80,000 for the deposit and funds to complete. The structuring of this also saved the client $5,346 in Lender's Mortgage Insurance.
Is our finance structured to benefit you or your lender the most?