03/08/2024
Most of my expenses are increasing, sound familiar?
This is what Jimmy and his family were faced with, spending on groceries/fuel/electricity/private health insurance/home loan repayments increasing on average 10% or more.
We contacted our existing client to check-in to see if everything was running smoothly.
Far from it, as they were feeling the pinch of ongoing increases to their living expenses.
We sat down with them to find out if there was a solution for them that fit their needs.
They had purchased a new car a year ago, so had another expenses on top of everything else.
We found on this occasion their current lender was not willing to be competitive with what we could obtain with another lender.
We review the costs of refinancing and if there’d be a financial benefit in doing so.
There was a savings of close to $1,500 in interest for the first year and over $2,000 thereafter.
The clients combined their car loan into the refinance to reduce the total loan repayments and a credit card that got out of control and hadn’t been cleared each month.
The new loan was extended to the full 30 years again, the interest rate was reduced and saved them over $2,000 in interest each year, the credit card was cleared, and the limit was reduced so as to be able to cleared every month.
Clients are surprised by the results we can obtain.
Call for confidential discussion Arthur on 0481 714 382 or email me at [email protected] and see what’s possible.
