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 further 0.4% reduction in interest rate for the client. This resulted in the 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 $5,436 in Lenders Mortgage Insurance. Is your finance structured to benefit you or your lender the most?
Posted on: Wed, 08 Oct 2014 06:04:03 +0000