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Garry Patterson from Sydney




Garry Patterson’s family built a new home in Sydney’s Hills District, financed by a major bank construction loan but when the house was completed in 2014, he wanted a better deal and spoke to IMB Bank about refinancing.

He initially refinanced $670,000 with IMB on a one-year fixed loan term and when that expired in 2015, he took up a three-year fixed loan.

“I wasn’t overly happy with the rate I was being offered by a major bank so I decided to look around at what else was on offer. I was referred to IMB and found mobile lender, Ray Salzmann, very knowledgeable and open, their refinancing process very simple and clear and their rates very competitive. Although it takes time to do research, I am very glad I looked elsewhere”, Garry said.

He has now negotiated a further $75,000 with IMB Bank for an Essentials Home Loan.

“That is a lot of money in anyone’s terms and, if you add up the three-year period of the fixed term, that is more than $20,000.", Garry said.


The rate the major bank was offering Garry at the time he refinanced was 1% higher than IMB Bank and the change meant he has saved almost $7000 per annum because he shopped around.

Saving that much money just makes life easier all round”, Garry said.


IMB Ltd. trading as IMB Bank. ABN 92 087 651 974. AFSL/Australian Credit Licence 237 391.