Bob and Fiona Smith (not their real names) borrowed $250k at a major bank 5 years ago to purchase their home in a Sydney suburb at what is now 6.57% p.a. Their repayments are $1592 per month for a 30 year term. They currently owe $200k on this loan.

18 months ago, they went back to their bank and applied for a personal loan of $15k to buy a new car @ 9% p.a. Repayments are $373 per month. They currently owe $10k on this loan.

Bob and Fiona decided to have a new pool constructed by Award Pools and Landscapes, with some fabulous resort-style landscaping that will improve their lifestyle immensely and add hugely to the value of their home.

So they decided to refinance their home and consolidate their debts as well as providing the funds for the new pool.

The opportunity was there to �shop around� for the best deal available to them in today's competitive finance market.

They found a loan that suited their needs @ 5.95% p.a. at a �boutique bank� with some old-fashioned service. J

Because they were already 5 years into their home loan, they decided to refinance over 25 years.

Because Bob and Fiona were smart and took the opportunity to re-evaluate their finances, they got the new pool from a quality builder and saved nearly $300 per month from their existing payments at the same time.

Michael and Elizabeth want to enjoy life while they are still young enough. Their children have left home and started families of their own, and so for Michael and Elizabeth, the opportunity to keep fit and enjoy time with the grandchildren was a high priority.

Well-established with their finances, their mortgage debt was only $84,000 at a major bank. Repayments were $955 per month @ 6.57% on a loan that was originally $150,000. The loan would be paid off in 10 years.

At this stage in their lives, they wanted a pool and landscaping from a quality builder, nothing but the best, so they went to Award Pools and Landscaping and were quoted $55,000 for a holiday resort in the backyard. Fabulous, darlings!!

Being 50 years old, and a bit old-fashioned, they had saved $15,000 towards this sort of possibility. So they still needed $40,000 and didn't want debt around their necks forever. So they looked at their options. So what might these options cost?

Option 1: By refinancing to a more competitive lender, adding the $40,000 to their existing home loan, and paying half of their existing monthly payments every fortnight, they were able to pay off their new debt of $124,000 in under 15 years.

Option 2 was to have the new paid off in the same time as the old one, 10 years. Now at 5.85% p.a. with a new lender, the extra payments work out at an extra $95 per week. With just the two of them now, and well-established, this was easy!

Option 3 was to �get modern� which rather appealed to them. They took out an Equity Facility, or �Line of Credit� where their entire salaries were paid straight into the loan. This worked particularly well for them because they have a relatively high level of disposable income and could reduce their loan much more quickly than making regular fixed payments. We showed them a way to have the new loan amount repaid, pool and all, in 8 years!!

Sonja and Joseph are a couple who are self-employed and have 2 young children. At this stage of their lives they have decided to have a new swimming pool constructed for their family to enjoy.

They already have a home loan of $300,000 and have elected to spend $80,000 on a resort-style pool with landscaping.

At Dynamic Mortgages we have access to the best Lo Documentation (�Hassle Free�) loans in the market place, at very competitive interest rates.

Sometimes these loans have a modest interest rate premium at settlement time, but after 24 months of good loan servicing, they automatically revert to the standard variable rate. Now that's Hassle Free.

Genevieve and Isaac are a well-to-do middle-aged couple who wish to do a complete refurbishment of their home, and construct a swimming pool with waterfall and gazebo. To complete this project $100,000 will be required.

They already have a mortgage of $350,000 against their up-market property valued at $900,000.

They have taken the opportunity to re-evaluate their financial situation and have decided to refinance and take a $125,000 Line of Credit to cover all eventualities. It will give them the possibility to manage the refurbishment costs themselves on an on-going basis. Great flexibility here. The future will have a new kitchen and bathroom and they are ready to manage those costs already, without having to go back to the bank.

It also allows them direct salary crediting to keep their interest payments to a minimum and they will only have to pay interest on the amount they've drawn. The conventional loan refinanced can be paid regularly from the Line of Credit.

A very simple and effective financing solution that caters for their needs today and into the future because they spoke to the experts at Dynamic Mortgages.

John and Joan have 80% equity in their owner-occupied home. They have decided it is now time to buy an investment property.

Their current home is valued at $500k of which $100k is still owing to their bank. They are looking at an investment property of $350,000. The costs for establishing the investment total about $15,000.

So now they put the value of the properties together @ $850,000 with total lending of $100k plus $365k investment loan, totalling $465k.

In this way, the equity in their own home allows them to borrow the full amount of the investment property plus all costs (stamp duty, legals etc).

They will be expecting a rental return of $320 per week to help them with their investment loan repayments.

John and Joan are excited by the potential to minimise tax through negative gearing and depreciation of the building, fittings and fixtures (carpets, curtains etc. They consult their tax accountant for advice in this area, and are surprised at the considerable benefits to which they can take advantage of in this situation, as all wise investors do.