Lyn had two properties, financed over two banks and four mortgages. Over the years, the rates had crept up, two fixed rates had ended and interest only periods had reverted to principal and interest. Both properties were originally purchased as owner-occupied but were now leased. The debt structure was no longer optimum, and her monthly cost had increased.
We assessed her situation, and refinanced with a different bank and a new structure. She is saving $1,600 a month, with the result that her properties are now positively geared and generating income every month.