Your home loan may well be your largest debt. This means that it is going to take the longest to pay off, it more than likely feels like quite a burden at times, and without doubt it would be one of your biggest concerns if something was to prevent you earning an income (illness, injury, redundancy etc).
So, it is extremely important that you get this bit of your financial plan right. It is amazing how many people agree with these comments, yet do very little to make sure they an appropriate home loan plan in place. What would it mean to you to have your mortgage paid off 5 years or 10 years earlier?
Including a home loan strategy as a part of your investment plan or your retirement plan will undoubtedly speed up the process of getting it paid off. Beyond this, there are often extra financial benefits of having a big picture view of everything when putting together a financial plan.
Did you know that if you are 56 or older, then it is possible to pay off your home with tax free dollars???
Changing banks just to get a cheaper interest rate can sometimes result in having the same dog with different fleas! We need to aim for something a little better than that! If it has been over a year since your current mortgage s...
You may have noticed that your mortgage just doesn't seem to pay ITSELF off. And, the banks are wonderful at giving you as much debt as they possibly can because the more money you owe and the longer you owe it, the more money they make from you....
Financial Planning Qld is a financial planning firm based in Brisbane, Queensland. We offer a full range of financial planning services and our advice is always underpinned by our Corporate Values. Click here to read more!