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Xavier

1 year ago

Hi Ben, There are ways to pay off your mortgage faster with non traditional methods like investing in property - capital growth over time is usually much quicker & more effective then trying to save the equivalent amount. The loan structure that you use and the amount and discipline you apply in paying extra into your loan will have a great effect as well. together these 2 actions are what will drive your mortgage down faster than the average person's result. To get it paid off in 5 years however requires a strong cashflow and massive capital growth (by luck and/or design). HOWEVER beware of those professionals, spruikers and schemes that make it look so easy.. done wrong you will be sitting with an investment property that has not grown a cent in 5 years and a debt that is larger than your current one.. I have seen this many times!! Contact me if you want to chat more about your options and how to avoid pitfalls

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Steve

1 year ago

Hi Ben we work closely with many of our clients to help them pay off their home in the fastest possible time, invest in property while minimizing taxation and growing their wealth for their family and their future. We have seen people pay their homes off in 5 -10 years but it does rely on numerous factors such as increasing capital growth rates, equity, discipline and particular loan structures and products. More than happy to take you through the process and develop an customised strategy for you. Feel free to call me to discuss.

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Shane

1 year ago

G'day Ben, I have access to an investment property strategist, a financial planner as well as a great team of rest brokers. I am in brisbane, Give me a call tomorrow for a chat about the options available to you.Thanks mate.

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Jay

1 year ago

Hi Ben, sometimes your loan structure could be more important than interest rates when it comes to active investing and paying off your loan quicker. Perhaps we can offer you a mortgage product where you can bring your home loan interest rate close to 2%, depending on your home loan and investment loan amounts [if or when you have one]. This innovative product has been developed for investors to pay off their home loan quicker with some additional tax benefits. Yes, you may have to see a tax accountant and perhaps a financial planner at some stage. Once we have the required information we can send you a report for you to compare the huge benefits in comparison to other conventional loan products. If you would like to discuss it further, please get in touch with us via HashChing or our profile. Thanks! Jay

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Steve

1 year ago

Hi Ben, Yes there are people paying off home loans in short periods of time. To achieve this you need very good income & equity (the portion you own) in your home. Based on the figures you mentioned your LVR (loan to value ratio) is too high at 88% at present. However, I can assist you with this & I have a business partner who is a financial planner who can help you as well. I am based in Brisbane so if you would like to have some initial discussions & perhaps put a plan together please contact me through my profile - kind regards Steve

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