Everyone wants to be debt free on a mortgage as soon as possible. A house will usually cost you 2 ½ times its original purchase price over a 25 year mortgage term.
The banks have made it easy to pay the minimum payment on mortgages and even though we can often pay more, we choose not to. To successfully repay debt one needs to adopt the approach that the term is 10 years, or 15 years and make payments based on this repayment goal. To achieve this you will need to review certain behaviours:
Behavioural change must take place in order for you to change the way you spend and save money.
Don’t apply for a mortgage before you talk to us about debt and mortgage management, it could cost you more than it needs to!
We act as personal banking consultants for our clients and provide advice on all major banking products. By acting in the best interests of our clients we have assembled the best products in the industry for persons serious about becoming financially free. We also tailor personal lending strategies for business premises, accommodation businesses, share portfolio margin lending, business lending, and home equity lending.
If you need help with your debts, send us an email today.