Meet Marcus (not his real name), one of our clients whose fixed rate ended last July 1. He took control of his financial situation by contacting Maverick Finance before his fixed-rate expiration comes into effect. With the existing three loans and the fixed rate on Loan 1 expiring soon, Marcus wanted to explore options to manage his finances more efficiently. The total balances of his loans were $503,168.00, $93,433.00, and $221,547.00.
Our expert broker, Maria Papa, provided Marcus with a range of lender choices and their rates for refinancing. Initially, Marcus was drawn to Bank S due to their competitive rate and an enticing $4,000 cashback offer.

On the 2nd of June 2023, after careful evaluation, Marcus decided to opt for Bank C. He was impressed by their attractive rates for both variable and fixed loans. With a clear plan in mind, Maria prepared and submitted Marcus’s application on the 7th of June, outlining the proposed loan structure.
Action Taken
Here’s the breakdown of Marcus’s refined loan plan:
Loan 1:
Amount: $598,000.00
Product: 2-year Fixed Term Loan (Principal & Interest) – Owner Occupied
Interest Rate: 5.44%
Loan Term: 28 years
Loan 2:
Amount: $221,000.00
Product: 2-year Fixed Term Loan (Principal & Interest) – Investment Property
Interest Rate: 5.64%
Loan Term: 28 years
The application was swiftly submitted on the 8th of June, and, to Marcus’s delight, it received formal approval just eleven days later, on the 19th of June.
With the improved terms and financial stability offered by Bank C, Marcus was able to finalize the loan settlement on the 7th of July. This smart move enabled Marcus to save significantly on interest payments, providing him with peace of mind and a more promising financial outlook.

By taking the initiative and working closely with the experts at Maverick Finance, Marcus proved that being an informed borrower can lead to better financial opportunities. His success story serves as a testament to the benefits of exploring refinancing options and securing competitive rates tailored to individual needs.
Whether you’re considering refinancing or taking your first steps into the property market, the team at Maverick Finance is here to help you make the best financial decisions for your future. Let us guide you on your journey to financial success, just like we did for Marcus. Get in touch with us today to start shaping your financial destiny.
Maria Papa is a senior property and finance expert specialising in home loans, investment loans, self-employed loans, alt doc loans, car loans, personal loans, and loan protection. She has offices in Sydney, Melbourne, and Manila. If you have questions, you can call Maria at 0430 144 008 or email her at mpapa@maverickfinance.com.au.