|
Debt Management and, in most cases, consolidation, forms the cornerstone of the “Financial Planning” process at Focus Planning. It is a vehicle for creating the necessary equity to move to the next phase of wealth creation. |
| If
you would like us to provide you with a quick calculation of the possible
interest savings on your debt, by correct use of our ""
program, just complete the form below
and submit. Your reply will be
returned within seven working days. |
| Most
mortgages are around for a long time (25 to 30 years). Because the interest on
your home loan is not tax deductible and your repayments are made with “after
tax dollars” (take home pay), the home mortgage can represent a very major
financial burden, especially for families and single parents. |
| Typically on a $100,000 mortgage @ an interest rate of 7% over 25 years the monthly repayment is $707. Over the 25 years you would pay the bank a total amount of $212,034 of your after tax income and depending on your marginal tax rate you may have to earn as much as $400,000 to repay the mortgage. |
| Have
you ever wondered why some people always seem to do so well? Updating their car
every few years, going on regular holidays, sending their children to private
schools, spending thousands of dollars on home improvements, buying an
investment property or holiday house? You may be surprised to know that in most
cases these “friends and neighbours” most probably earn about the same as
you and yet somehow they “do it”. |
| Could
it be that they have a financial plan and you don’t? Perhaps they have
consulted a financial adviser or have done their own research which somehow has given
them “the edge”? |
| Retirement Planning | Debt Consolidation | New Home Loans | Property Investment | Mortgage Restructuring | Financial Planning Home |