Client Profile
James, a qualified accountant who recently started a new role at a private firm in Melbourne. He had over 6 years of experience in the industry and was earning $110,000 annually. Despite the recent change in employment, his goal was to refinance his existing home loan to secure a better rate and improve cash flow.
The Goal
James wanted to refinance to take advantage of lower interest rates and reduce his monthly repayments. But having just changed employers, he was concerned that lenders wouldn’t view his application favourably.
Our Strategy
- Presented a strong case using his employment contract, confirmation of income from his new employer, and payslips from his previous role to show stability in the same industry
- Selected a lender that accepts applicants who have recently changed jobs, as long as they remain in the same profession
The Result
- James was approved with no issues despite the recent job change
- His rate dropped from 6.14% to 5.49%, saving him over $3,800 per year in interest
- Received a $2,000 cashback, putting money back in his pocket
- Now enjoys improved monthly cash flow and a simpler loan structure
Conclusion
Changing jobs doesn’t have to mean putting your refinance plans on hold. We understand how to present a strong application, even in the face of recent employment changes, particularly in stable professions like accounting. If you’re an accountant looking to refinance and save, we’ll guide you through every step.
