💡 How Expert Mortgage Advice Saved One Aussie Over $12K
When it comes to refinancing or buying property, the right advice isn’t just helpful—it can be downright profitable. At CBM Mortgages, we’ve seen firsthand how expert guidance can turn a stressful situation into serious savings.
🏡 A Family Deal with Hidden Hurdles
Philip* had the chance to buy his mum’s home in Tasmania for just $180,000—a steal for a property valued at $350,000. He also wanted to consolidate some lingering debts using the equity in his current home. Sounds simple, right?
Not quite.
Philip’s bank dragged its feet on the valuation and loan approval. Frustrated and unsure of his options, he turned to a mortgage broker for help—specifically, an MFAA Approved Finance Broker.
🔍 The Power of a Proper Assessment
Philip assumed he’d need a specialist lender, likely with higher interest rates and fees. But after a thorough review of his credit history, serviceability, and loan-to-value ratio, his broker saw a better path.
They chose a product with:
• One of the lowest interest rates on the market
• No annual fees
• Upfront valuations to speed up the process
Once the valuation stacked up, the deal was good to go.
💰 The Result: Debt Consolidation + Property Purchase
Philip’s loan settled smoothly. He consolidated his debts and bought the property from his mum—all without resorting to a specialist lender.
Had he gone that route, he would’ve paid at least 1% more in interest. On a $350,000 loan, that’s a difference of over $12,000 in just a few years.
✅ Why Choose an MFAA Approved Broker?
Working with an MFAA Approved Finance Broker means you’re getting advice from someone who meets rigorous industry standards. They’re trained to find the best solutions—not just the easiest ones.
At CBM Mortgages, we specialise in:
• Home loans
• Refinancing
• Property investment strategies
• Creative solutions for complex financial situations
📞 Ready to Save Smarter?
Whether you’re refinancing, buying, or just exploring your options, expert advice could save you thousands. Let’s chat.
👉 Call us on 02 80680534
📧 Or email cr***@**********es.com
*Names have been changed for privacy.
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Disclaimer
This article is intended for general informational purposes only and does not constitute financial advice. Individual circumstances vary, and you should always seek professional guidance before making decisions about home loans, refinancing, or property investment. CBM Mortgages is not responsible for any loss or liability incurred as a result of reliance on the information provided. All loan products and interest rates mentioned are subject to lender criteria and may change without notice.
Rewritten by Craig McDonald 22.08.2025
Are you a first home buyer, go to our dedicated page here
Are you looking to switch your mortgage, read our blog here
An MFAA Approved Finance Broker can help you get the best deal on your home loan. Contact CBM Mortgages today on 02 8068 0534 or email cr***@**********es.com.
