In the video below, Greg explains a client example where:

• Client went directly to the bank to get a $25K top up for some family travel
• Client can access their KiwiSaver in 4 years so wants to pay off the loan then
• The bank declined the application initially when the client went directly to the bank as the repayments over 4 years were going to be too high for the client to service
• The client came to My Mortgage
• We reworked things for the client, extended the loan term for servicing to work and still set the loan up so it can be repaid whenever the client wanted
• The end result: A larger top up from his own bank and also an option to refinance to another bank if they want