| Details | Description |
|---|---|
| Customer | Alex and Sophie |
| Broker | Kritesh Neupane |
| Purpose | Refinance |
| Loan Amount | $980,000 |
| Security | Merewether, NSW |
| LVR, Term | 78%, 30 Years |
| Interest Rate | 5.54% |
| Features | Offset Account |
| Income | M/A: Self-Employed for 12 years F/A: Employed as a midwife for 1.5 years |
The Backstory
>Alex and Sophie are a determined couple who have always worked hard to build a secure financial future. Together, they brought in a strong household income.
Despite a strong income situation, the challenge for Alex and Sophie was that their currently tied at an interest rate of 8.46%, placing a significant strain on their cashflow.
They believed they were out of options due to the nature of the application being low doc and the property being limited title. These factors drastically reduced their lender options.
They had also reached out to their existing broker. They were advised that the lowest rate possible would be around 6.50%. This was still far too high to make a meaningful difference.
Therefore, they were keen to find a better solution.
Despite these challenges, Alex and Sophie remained proactive and optimistic. They knew their financial habits were strong, and they simply needed someone to direct them to the right strategy to regain control.
What Was Holding Them Back
Alex and Sophie were stuck in what many self-employed borrowers face: a combination of high interest rates for low doc loans, misconceptions about refinance options, limited solutions due to property type and fear of being told “no.”
Their main challenges included:
- Their 8.46% interest rate on a $980,000 loan created a strain on their cashflow, and they felt unable to refinance due to low-doc status.
- Concerns the property would not value well with high valuation fees creating uncertainty about whether refinancing would be financially worthwhile or even possible.
- The property type which many lenders avoid, particularly when paired with a low-doc Application.
- Low-doc loan expectations such as rate loading, slower processing time, extra documents, and tougher scrutiny, discouraging them from pursuing refinancing sooner.
Solution
In October 2025, everything changed. Alex and Sophie came in contact with Kritesh, Home Loan Experts mortgage broker, who proposed an offer from one of the lenders that could work for the couple’s situation:
- A 5.54% variable rate
- No income-verification required
- An offset account feature
- A free valuation
- Options suitable for limited-title properties
This was exactly the combination Alex and Sophie needed but never imagined was possible. Their rate didn’t just drop; it plummeted from 8.46% to 5.54%. That’s a huge 2.92% slash, instantly saving them thousands in annual interest and unlocking an offset account to push their savings even further.
Kritesh’s sharp strategy and expertise helped the couple secured the incredible 5.54% rate. Their repayments crashed down from $7,508 per month to just $5,589. An immediate win of $1,919 back in their pocket every month. That’s cashflow freedom on a whole new level, opening doors for future investments and a far more comfortable financial life.
And it didn’t stop there.
They also received a free property valuation, which came back strong and confirmed their equity position was solid. Even though limited-title properties often scare lenders away,Kritesh knew exactly that the lender would embrace the deal and they delivered. Approval was issued with zero income documentation requested.
Kritesh helped Alex and Sophie save above $600,000 in interest over the life of the loan. A once-stressful financial situation has now transformed into long-term security and confidence.
Kritesh’s persistence on finding a solution, timing, product knowledge, and understanding of niche lender policy made all the difference. Today, the couple is relieved, grateful, and vocal about supporting Home Loan Experts for helping them escape a loan they felt trapped in.
Ready To Refinance?
If you’re stuck with a high-interest loan and have a clear repayment history but not much borrowing capacity through traditional channels, you don’t have to feel stuck like Alex and Sophie once did.
A refinance could lower your rate, reduce your repayments, and give you the flexibility you’ve been missing. Our expert team will do the hard work for you just as we did for them.
Call us on 1300 889 743 or fill out our free online assessment form to get started, today!