Page 8 - Mortgage Choice Peregian Beach Case Studies

USE EQUITY TO BUY
AN INVESTMENT PROPERTY

Problem Solution

• Client had good equity in his • We refinanced to a non-major bank,
property but no cash to contribute saving 0.52% on the interest rate
to buying an investment property as and accessed $74,000 equity for the
he had been concentrating on paying purchase of an investment property
down his home loan
Outcome

• He purchased an investment property for $467,000 which is rented out for $500 per week
• He has reduced the interest rate on his owner occupied home loan and
the rent is covering the interest only repayments on the investment property
while he concentrates on paying off his owner occupied home loan
• He now has two properties within walking distance to the beach
and will now enjoy capital growth in two in-demand suburbs
“Larissa and Caitlin were excellent. They managed the entire loan process
for me and made sure everything was ready for settlement.
I highly recommend the team!” Paul