Emma and Chris
They Thought Investing Required Years of Saving — Until They Used Their Equity
Key Takeaways
Emma and Chris, busy parents with a $1.2M home loan, assumed refinancing was only worthwhile for a slightly lower rate. After reviewing their situation, we helped them:
- Refinance up to $1.3M by accessing available equity
- Purchase a new family car without separate finance
- Reduce their interest costs — saving approximately $2,600 per year
- Restructure their loan for greater long-term flexibility
Meet Emma and Chris
Meet Emma and Chris, a busy family with two kids who thought refinancing was only about chasing a lower interest rate. Their existing home loan balance was $1.2 million, and while their property had increased in value, they didn’t realise that growth could be accessed as part of a refinance.
How refinancing can help
By reviewing their loan, they were able to refinance up to $1.3 million, using the available equity to fund a new family car — without needing separate car finance. At the same time, switching away from their existing bank’s higher rate reduced their repayments and saved them an extra $2,600 per year, putting real money back into the household budget. What initially felt complex turned out to be a straightforward restructure once their options were clearly explained. Emma & Chris now have more cash in their budget and a new car without touching their savings.
Outcome
If you already own a home and haven’t reviewed your loan in years, a quick refinance check could uncover savings or flexibility you didn’t even know you had
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Finance that feels human
At Market Brokers, we take the time to understand your situation and goals before recommending a loan structure that works for you.
