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BUILDING EQUITY THROUGH MORTGAGE REDUCTION
Equity is what you own in the property. If you have a $500,000 property value and a loan of $200,000, then the equity portion is $300,000. (LVR) Loan to Value Ratio. Most lending institutions require you to have a 10% deposit plus legal expenses to get an approved loan. This is determined by combined income and debt servicing criteria. Surplus income is used against the principal of the loan amount. This reduces the loan, reducing the interest charged and shortening the loan term. |
MONEY MANAGEMENT MORTGAGE REDUCTION PLAN
It is paramount that you use our money management mortgage reduction strategy that encompasses an accurate budget. Debt Consolidation is highly recommended when you pay high interest bearing Personal Loans, Credit Cards and Hire Purchases. You are able to consolidate on a lower interest rate and spread the term of the loan to minimize your weekly, fortnightly or monthly loan repayments. This enables you to maximize surplus income after expenses and liabilities to cut the principal loan amount down quicker. Visit us HERE.
It is paramount that you use our money management mortgage reduction strategy that encompasses an accurate budget. Debt Consolidation is highly recommended when you pay high interest bearing Personal Loans, Credit Cards and Hire Purchases. You are able to consolidate on a lower interest rate and spread the term of the loan to minimize your weekly, fortnightly or monthly loan repayments. This enables you to maximize surplus income after expenses and liabilities to cut the principal loan amount down quicker. Visit us HERE.
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