SMSF Refinance

So you have a self managed super fund investment loan. Hey, it's Aaron from Diagnostics and Finance. One of the things with these home loans that you have in your super fund is that if you have had it with an older bank, with a bank that doesn't do these products anymore, whether it's a big four bank or a minor bank that don't offer this product anymore, you may be paying too much for that loan. If you are paying 6, 7 or even higher interest rate on your self money super fund investment loan, it's time to have a review. At the moment there's some rates sharper, interest rates have come down and it's time to have a review. Yes, there are some fees and charges involved in looking at these loans, but if we're going from 7% and say going to under 6 or even under 5% interest rate, there's significant savings in the first year of a mortgage. Recently a comparison on a client of mine that was looking at moving from one super fund to another was able to save five to six thousand dollars in the first year alone. And that is more than enough to accommodate the new application fee of anywhere between 2 and $3,000. So if you have these loans, it's time to have a review and check it out.