Gary, from Sydney, already had a number of investment properties before coming to Lendi. His investment loans were with a major bank, but didn’t think he was getting a competitive interest rate.
Even though he was doubtful that anyone could get him a better deal, Gary spoke to a Home Loan Specialist at Lendi to see what they could do for him.
“[My] previous lending experience was pretty terrible. I’d been promised a particular interest rate. I didn’t get it.”
“When [My Home Loan Specialist] came back and gave me an interest rate that represented about $20,000 less than what I was currently paying,” says Gary. “I said, if you can get that for me, I’ll take you out for lunch!”
Gary’s Home Loan Specialist negotiated with the lender to secure a rate that was 1% lower than this current rate. “Refinancing with Lendi meant that we were paying about $20,000 less in interest expense during the year.”
Today, Gary is much happier with his home loan situation. He used his savings to go on a trip overseas where he spent three months in Europe.
“It’s been fantastic,” he says.
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