Client Profile:
Dr. Emily, a specialist surgeon based in Brisbane, has built an impressive property portfolio of five investment properties alongside her family home. Earning $450,000 annually, she has been proactive in managing her finances but felt the strain of rising interest rates, which increased from 2.75% to 5.45% over the past year.
The Scene:
- Dr. Emily wanted to reduce her mortgage repayments and improve cash flow.
- She approached her current lender to request a rate reduction in line with their advertised offers but was informed that these rates were reserved for new clients.
- Emily sought a solution that would allow her to save on interest and optimise her loans.
Our Approach:
- We conducted a comprehensive review of Dr. Emily’s existing loans and financial situation.
- We identified lenders offering competitive rates and cashback incentives for medical professionals.
- We prepared a strategic refinancing plan to maximise savings and improve cash flow.
The Process:
- Loan Analysis:
- Assessed the current interest rates and terms of Dr. Emily’s existing loans.
- Evaluated the potential for interest savings across her entire portfolio.
- Lender Selection:
- Identified lenders offering specialised products for medical professionals.
- Focused on institutions providing both competitive rates and substantial cashback offers.
- Application Preparation:
- Compiled Dr. Emily’s financial documents, including practice income statements and existing loan details.
- Prepared a comprehensive refinancing proposal highlighting potential savings.
- Negotiation with Lenders:
- Leveraged Dr. Emily’s professional status and extensive portfolio to secure better terms.
- Negotiated for maximum cashback incentives across multiple properties.
The Outcome:
We successfully:
- Reduced Dr. Emily’s interest rates by 0.60% across all loans, saving approximately $18,000 annually in interest payments.
- Obtained a $2,000 cashback offer per property, totalling $12,000 in incentives.
- Extended the interest-only period on her investment properties to five years.
Conclusion
By partnering with Zenith, Dr. Emily not only reduced her financial burden but also unlocked significant savings and increased flexibility in managing her property portfolio. The combination of lower rates and cashback incentives allowed her to save over $30,000 in the first year alone while positioning herself for ongoing financial stability and growth. Dr. Emily’s story highlights how specialised mortgage brokers can deliver tailored financial solutions that go beyond what traditional lenders may offer, ensuring doctors like her achieve their financial goals with confidence.
