Inspirational Case Studies

How can we ever get ahead?

Matthew and Kerry are married with two children. They own their own home with a mortgage of $100,000. Matthew earns $60,000 p.a. as a teacher and Kerry works part-time earning $22,000 p.a.

They have been paying off their mortgage now for 10 years, and consider their property to be an excellent investment as it has increased in value to $400,000 since they bought it.

Matthew & Kerry feel they are getting nowhere with their mortgage. What are their options?

Some Possible solutions to explore:

• Utilise a Line of Credit strategy and direct all earned income to this account- this can eliminate 'income slippage' and helps clients focus on debt reduction.

• Tap into the equity in their property to diversify their investment base with a geared equity portfolio, using additional income and realised capital gains to accelerate the capital repayments on their home loan.

• Redirecting the tax benefits from a geared property portfolio into extra capital payments on their home loan.

• Building a portfolio of investments where the capital expenses are tax deductible and using the tax refunds to accelerate capital payments on their home loan.

Plus many other possibilities!

Contact Seagrims on 1800 818 933
to talk about the best home loan arrangements for you.