Fixed Rate Win!

Jun 26, 2023

First Home Buyers Fixed Rate Success Story

When it comes to navigating the complex world of loans, the guidance of a professional mortgage broker can be invaluable. Mortgage brokers are licensed experts who have in-depth knowledge of the lending industry. We work on behalf of borrowers to find the most suitable loan options and provide advice tailored to individual circumstances.

For first-time home buyers, working with a mortgage broker can be especially beneficial. Having limited exposure and experience in the real estate market you may be unfamiliar with the intricacies of loan products and terms associated with borrowing. By enlisting the services of a mortgage broker, you can gain access to expert advice and personalised solutions that align with your financial goals.

A brother and sister came to us 2 years ago with dreams of homeownership and sought our guidance. They took out a combination of a variable and 2-year fixed-rate home loan with a period of two years We carefully analysed their financial situation, considering their income, expenses, and long-term objectives.

Based on their circumstances, we recommended a strategy that involved saving aggressively during the fixed loan period. This would enable them to accumulate a substantial amount of funds, which could then be used to pay off their variable loan split once the fixed period concluded.
They diligently saved, consistently contributing to their savings account throughout the fixed loan period.

When the fixed period finally came to an end, they have amassed enough savings to completely pay off their variable loan split. This achievement not only provided them with financial security but also instilled a sense of pride and accomplishment – we really do have superstar clients!
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