Have you ever wondered how you can build a property portfolio without having six-figure savings in your bank account? Watch how our clients were able to get $227,000 cash-out by restructuring their finances.

TAILORED STRATEGIES FOR YOUR GOALS

Our clients are from Sydney and they are a young working professional family with two kids. They were referred to us by one of our existing clients.

We were the third company they spoke to in a short span. While the other companies were busy trying to sell them property and keep sending various deals, the irony was that no one took the time and effort to understand how they could actually purchase those properties. They even spoke to their existing bank, but the valuation on their current home wasn’t high enough and was only projected to get $66,000 cash out.

During a virtual meeting with our Wealth Consultant, we were able to understand their situation, goals, aspirations and blockers. We are then able to work on a solution suitable to their situation and needs.

With the help of our expert team, we managed to refinance their existing home loan and get $227,600 cash out, 344% more than their existing bank had proposed. 

We also consolidated their car loan, which was at a much higher interest rate, and as a result, even after borrowing extra money on the home, their overall monthly repayments remained the same, allowing them to enjoy and maintain the lifestyle. 

While our finance partners were working in the background on their finances, at the same time our Wealth Consultant was focused on educating them on Principles of Wealth Creation and Property Investment. 

And now our clients are ready to embark on their wealth-creation journey and build their multimillion-dollar property portfolio. 

KEY REASONS TO REFINANCE

Most people when refinancing focus only on getting cheaper interest rates. However, there are other important aspects that should be considered:

• Better valuation to access as much equity as possible. Each bank does its own valuation and it can differ a lot.

In this case, the difference between the lowest and highest valuation from different banks was $252,000 for the same property.

• Access cash out to invest, renovate, debt consolidate, holiday, etc.

• Improving loan structure and loan splits for tax efficiency and improved cash flow.

• Increasing borrowing capacity to invest further or upgrade own home.

• Accessing benefits like offset account, interest only, fixed and variable interest rates.

TEAM SONI CAN HELP

It can be overwhelming trying to figure out all on your own. With our experience and knowledge, we make things much simpler for you.

At SONI, your growth is our commitment. We have a system in place to educate you on the property investment and implement a tailor-made investment strategy to build wealth through property. 

Whether you are looking to buy your first home, your first investment property or to build on to your existing portfolio, be rest assured our team of experts have extensive experience and are committed to making things happen for you.