Case Study: Warren
We sat down with Warren, a Sydney-based financial analyst, and asked him a few questions about his experience, challenges, and how he overcame them.
We sat down with Warren, a Sydney-based financial analyst, and asked him a few questions about his experience, challenges, and how he overcame them.
Background
I’d been with my previous home lender for about 20 years and built up a substantial amount of equity. I wanted to refinance the loan so I could withdraw some of that equity and buy myself a new car. Unfortunately, my previous lender insisted on assessing the refinance application based on the original amount I had borrowed 20 years ago, plus the new sum, even though only half of the original home loan was still outstanding! I decided I didn’t like their service and that I’d go elsewhere. I went online and found loans.com.au. Not only did they do the refinance without fuss, they also gave me a better rate!
Challenges
- Getting a better interest rate
- Finding a lender with a realistic credit policy
- Completing the application process efficiently and quickly
“Not only loans.com.au do the refinance without fuss, they also gave me a better rate!”
Got a home loan challenge?
Visit the Home Loans page to discover helpful resources.
Solutions
- Found loans.com.au with a simple online search on a comparison website
- Spoke with a loans.com.au lending specialist and determined my borrowing capacity
- Completed the simple online application process
How much can I borrow?
Visit the Borrowing Power Calculator page to see how much I can borrow.
How was your loans.com.au experience?
Very smooth. The loans manager explained clearly what I needed to do. It was easier and more streamlined than other places. I had all the documents I needed from my dealings with my previous lender. I shot the application through and it was approved quickly. There was no red tape or hoops I had to jump through. It was a streamlined process, and I was very happy with it.
loans.com.au customer?
If you’re a loans.com.au customer and would like to be featured, we’d love to hear from you! Send us an email at community@loans.com.au and we’ll get in touch.
"loans.com.au was really, really helpful"
"I’d only heard good things about loans.com.au from my clients, so when I saw that you’d started lending for SMSF I didn’t hesitate."
"loans.com.au's interest rate was unbeatable"
"The online process also was pretty straightforward. It was seamless. It was easy because I could do it at my own convenience."