Client Case Study
A Home Loan Refinance That Created Breathing Room – A Real Client Story
At WhiteStar, we love helping our clients find smarter ways to manage their home loans. Sometimes it’s not about making a dramatic change – it’s simply about creating a bit of breathing space to relax and enjoy life more.
Here’s how one couple, who first purchased their home through us, came back to refinance and improve their monthly cash flow. Initially credit score issues limited their options and we were not in a position to consolidate debts.
The Situation
-
- The Owner-occupied mortgage still on a higher rate from their initial purchase
-
Four unsecured debts including personal loans and credit cards
-
Two novated lease arrangements accounted for in the application
-
Seeking a variable principal & interest loan with offset and redraw on a lower rate.
-
Goal: consolidate debt, access a small cash-out, and extend loan term to 30 years to ease cashflow.
The Solution
WhiteStar worked through their full financial position and found a lender that offered a more competitive structure. We refinanced their home loan and consolidated most of their unsecured debts, reducing their home loan rate by 1.25%.
The Outcome
-
-
Interest rate lowered by 1.25%
-
Monthly repayments reduced from approx. $3,415 to $2,000 approx.
-
Savings of $1,400 per month
-
Simplified finances with just one ongoing repayment for the debts consolidated
-
More room to enjoy life without financial strain
-
This refinance wasn’t about a complete overhaul – it was about creating comfort and control. With less financial pressure each month, our clients now have more time and space to focus on what matters most.
It’s also a credit to these clients and their commitment. Since their initial purchase, they’ve worked hard to stay on top of their repayments and maintain a strong credit score – setting themselves up for this moment. Now it’s time to make life even better.
Thinking about a Refinance? Let’s take a look together.
Whether it’s debt consolidation, a rate reduction, or simply making things more manageable, we’re here to help.
Reach out to the WhiteStar team today to see if we can help you enjoy the same breathing room.
See what our clients are saying:
Chat with a WhiteStar Mortgage Broker today.
See some of our recent reviews.