Squashing the serviceability buffer
Refinancing your mortgage/s can be an arduous task, but idleness can become an expensive endeavour.
In this episode of The Smart Property Investment Show, host Phil Tarrant once again sits down with Eva Loisance of Finni Mortgages to take stock of the 2024 mortgage market.
Eva shares the case study of a couple who saw their monthly mortgage repayments skyrocket from $4,500 per month to nearly $14,000, and how they were able to turn things around by leveraging a 1 per cent serviceability buffer when refinancing through their broker.
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