Our Low Doc Home Loan helped a couple generate a new income stream by making their money work for them so that they can look forward to a more prosperous retirement.

 

Rick and Margo had a home worth $910,000 in the north west of Sydney.

 

They were both in their 50s and wanted to learn how to make their money work for them, instead of working hard for money, and plan for a more prosperous retirement. They wanted to tap the unused equity in their home and borrow the funds and put those funds into a higher yielding investment to generate a nest egg for their future.

 

Their old mortgage of $586,000 was costing them $4,025 per month, and their car loan with balance of $8,400 was costing $682 per month. In addition they wanted to have some extra funds of $133,600 and they estimated this would cost $918 per month. Total projected costs to borrow $728,000 was going to be $5,625 per month.

 

Rick was self-employed, and didn't have up-to-date tax returns so he was looking for a Low Doc home Loan. However Margo had 2 defaults on her credit rating and Rick had two dishonours on his car loan payments. With these blemishes on their credit history it was just about impossible to get a Low Doc home loan at a competitive interest rate. He was resigned to never having the extra money.

 

Margo was searching for a solution and found us. With our vast experience and flexibility were able to help Rick and Margo by providing a Low Doc home loan for $728,000 at a much cheaper rate than any other institution could possibly offer them.

 

Their new home loan of $728,000 now only costs them $4,107 per month. This is a massive saving of $1,518 per month against their projected costs.

 

In the 2nd year they will make even greater savings when they get a further 0.1% discount from eMortgage Home Loans. And then from the 3 rd year onwards they can get a further 0.2% discount as a reward for paying their first 2 years payments on time. (Note: this reward is for Low Doc and No Doc home loans only).

 

Rick has started spending time to learn about how to invest in blue chip shares and managed funds, and is investing now on a small scale, with a view to increasing his investments as his confidence and experience increases.

 

They are both very satisfied with their home loan through us, and now look forward to generating a substantial income stream from their investments, which will help them to have a much more prosperous retirement.

 

We have helped enhance their financial situation far beyond their wildest dreams and continue to do so to this very day and beyond.

 

 If you would like to ENHANCE YOUR FINANCIAL SITUATION just like Rick and Margo, please click on the button below and MAKE YOUR DREAMS COME TRUE!