Refinancing Case Studies

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, 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 Refinancing Before Refinancing
Home loan $112,000 $770
Personal Loan $17,700 $560
Personal Loan $12,000 $280
Credit Card $5,500 $180
Credit Card $8,800 $254
Store Card $6,300 $189
Total Monthly Repayments $2,233

 

After Renee refinanced with NSW Mortgage Corp:

 

Her New Monthly Repayment $1,283
Monthly Saving $950
Yearly Savings $11,400

 

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