Mortgage Experts Blog

< back to blog home

Case Study: Multiple investment loans refinanced to save $10,000 pa !!

Marty McDonald - Wednesday, June 01, 2016

Multiple investment loans refinanced to significantly more competitive rates. Saved over $10,000 pa

Recently you may have heard about the crackdown by the banking regulator APRA on the banks’ lending guidelines and in particular their lending to investors. What has transpired is generally tougher qualifying criteria (all borrowers) and higher interest rates for investment loans.

These changes have now washed through the system and as I predicted 6 months ago the first domino to fall would be lenders competing on price for investor loans again. Low hanging fruit for banking executives looking for growth now that they are within APRA’s guidelines no doubt.

So to my case study….

I was recently approached by a couple that have a handful of properties in Sydney, Qld and WA. They had approached their existing broker who advised they didn’t qualify for a refinance (wrong) and their existing lenders wouldn’t negotiate their rates down any further. They were at that point paying between 4.83% pa and 5.17% pa on total loans of $1,860,000. I was able to refinance all their investment loans onto a rate of 4.37% pa (4.12% after latest RBA rate drop) and 4.20% for their small home loan (3.95% after latest RBA drop).  All in all I have saved them over $10,000 pa. That’s after tax money folks.

Moral of the story

 A lot of investors and home owners believe that the APRA changes mean they are stuck. Check with me first! You may be pleasantly surprised at what is possible and the savings that can be achieved. 

About the Author: Marty McDonald is principal of mortgage broker “Mortgage Experts”. Marty specialises in assisting active property investors with loan structuring advice and implementation as well as helping credit worthy borrowers with slightly outside the box income and employment situations. Find Marty on  and LinkedIn.

What our clients are saying

    "Marty was fantastic! We swore never to use a broker again after bad experiences with other brokers in the past, and our last loan we negotiated ourselves, however this time we needed a mortgage... " – Blake Millgate
    "It is impossible to exaggerate how highly I rate Mortgage Experts and my experience with Marty McDonald... " – Brendan Arlington
    "Mortgage Experts have provided a fantastic experience in an area that can be complicated and emotional. Marty was always clear and precise and always made time to discuss the matters at hand... " – Brett Parker
    "I was really impressed with Marty's services. He was responsive to emails and calls, considered a range of options, and kept me informed at every stage. He was also very patient... " – Elise Darsow
    "Marty was great to deal with. From initial contact to finding a perfect solution and strategy to our situation to then securing the funding in a tight time frame nothing was too much trouble... " – Nick and Blaise Porter
    "Great service! All the advice I've received in the past has been really helpful. Love the newsletters which keep me updated on developments in the market. Highly recommended! " – Nick Jolly
    "I have used Marty's mortgage brokerage service (Mortgage Experts). He has been professional, resourceful, gone beyond the call of duty in servicing my mortgage. He has been able to... " – Prithvi Moses
    "We’re both really happy to have been able to get this sale across the line and are particularly grateful for you finding us a way to make the finance work! Walking into our new home... " – Sarah Macdonald & Stewart Bovell
    "We found Marty McDonald from Mortgage Experts through a Google search because he had a hugely informative page about family trust loans. Choosing Marty as our broker was a huge blessing... " – Tracey Cools

Our Current Lender Panel

Lex Luther Enterprises Pty Ltd (ABN 58114636949) trading as “Mortgage Experts” is an Authorised Credit Representative (444479) of Martin Warren Thomas McDonald, Australian Credit Licence (391230) under s64(1) of the National Consumer Protection Act 2009.