Debt Management

90% of Australians do not know when (the year) their mortgage will be paid off, never mind how old they will be.

Many will find it’s after the age they expect to retire.

Mortgage debt is now at record highs as the Banks are more than happy to refinance your mortgage, normally extending the term for a further 25-30 years as it’s in their interest to keep you in debt for as long as possible – not yours!

The Greatest Concern Pre-Retirees Fear Is That They Will Carry Debt Into Retirement

Many Australians are heading into retirement with large sums of debt & will have to use their super or part there of to pay off their mortgage & this will have serious repercussions for their retirement.

Many Australians hoping to retire in their “forever” home will find that they will have to sell their home & down size to rid themselves of debt in retirement.

And with the Government’s cuts to the Age Pension (from 1-Jan-17), this is not a position you want to be in.

The most valuable commodity we all have is time; so a debt reduction plan needs to be established as early as possible.

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The Banks & Mortgage Brokers Will Get You Into Debt – Our Goal Is To Get You Out Of Debt

By better using your cashflow & by incorporating debt reduction strategies today, you may be able to pay off your mortgage quicker – sometimes 10 to 15 years earlier than projected.

Have you got a plan to repay your debt before retirement?

Depending on your circumstances, this could save hundreds of thousands of dollars of interest over the term of your loan.

To help you repay your debt sooner, let us know…

Debt Rresolution Veyron Wealth Group