Refinancing Case Study - Renee

Here’s an example of how we helped a satisfied client to refinance and save thousands of dollars.
Renee, a single mother of 2 young children, was finding it quite difficult to maintain her growing monthly financial commitments

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How We Saved Renee $950 per month

Renee, a single mother of 2 young children, was finding it quite difficult to maintain her growing monthly financial commitments, so she gave NSW Mortgage Corp a call to help determine her loan options. After getting a good understanding of her individual situation, we agreed that refinancing her home loan was her best option, as she was also able to consolidate her high-interest debts into her new loan.

We did the time consuming research for Renee, and as a result were able to offer her a loan through refinancing that better suited her new requirements, and included the loan features she wanted. By refinancing Renee’s home loan, we were able to save her over $950 a month, that’s $11,400 at the end of just one year. Needless to say she was amazed at this outcome.

Balance Owing Before Monthly Repayment

Type of Asset/Liability

  • Home loan
  • Personal Loan
  • Personal Loan
  • Credit Card
  • Credit Card
  • Store Card

Refinancing

  • $112,000
  • $17,700
  • $12,000
  • $5,500
  • $8,800
  • $6,300

Before Refinancing

  • $770
  • $560
  • $280
  • $180
  • $254
  • $189

After Renee refinanced with NSW Mortgage Corp:

New Monthly Repayment $1,283

  • Monthly Saving $950
  • Yearly Savings $11,400

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