Video with Sumit Joshi, RyRo Loan Centre
Cheaper rate or the right strategy?
- 1:18
- Posted June 2025
- Read the transcript
What this video covers
Should you chase the cheapest rate or the right strategy? How offset accounts, equity and the right loan structure can matter more than the rate over time.
Related: Refinancing
Transcript
What Sumit says
0:00Cheaper rate or the right strategy? Which one wins? Cheaper rate sounds great. It means lower repayment, short-term savings, but it may lack flexibility and the potential for future investment if the strategy is not right. A smart mortgage builds wealth, not just save dollars.
0:19It leverages offset accounts and equity for investments, supports negative gearing and maximizes the tax benefits, helps expand portfolio for future financial growth. Many a times I have seen that my clients or any clients are generally focused on a lower interest rate. However, once we have a meeting, we show them different things.
0:40What are the benefits of selecting the right product, whether it's interest only for investment, whether it's maximizing the amount of loan for investment purposes or many other issues. Once they understand that it's about the right product, they do not worry too much about the interest rates. They'll say, Sumit, let's focus on the right strategies, which helps me buy properties in the time to come
1:05and does not limit my borrowing capacity or any other variables. Are you ready to build the right mortgage strategy? DM me. Let's plan your financial future.
Transcribed from the video and lightly corrected. General information only, not advice for your situation. See our disclaimer.
More videos
Sumit · 0:43How an offset account saves you interest
How an offset account works: money in it reduces the balance you pay interest on, every day. Worked through on a $500,000 loan with $50,000 in the offset, plus the fees to watch for.
Sumit · 0:35$50 a week extra could save you $100,000
How an extra $50 a week on a $700,000 loan could take years off the term and save a large amount of interest, at the example rate used in the video.
Sumit · 0:42Welcome to RyRo Loan Centre
Sumit Joshi introduces RyRo Loan Centre in Norwest: home loans, refinancing, business and commercial loans, land and construction loans, from a broker with more than a decade of experience.
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Sumit Joshi JP
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“Sumit is an outstanding mortgage broker. He patiently worked through our application and got us an awesome result when many other brokers wouldn't assist as we are small business owners. Thank you!”
Sumit Joshi JP, Credit Rep 446824. AFG Award Winner 2013 to 2019 and AFG Excellence Awards finalist 2022 to 2026.
