How to be mortgage free in five easy steps
Step#1
The first step; you need to know what you want. Is taking control of your finances important to you and your family? Is paying down debt a priority? Or do you want a life of debt and pay huge amounts of your money in interest?
What would you do if you were mortgage free, 5 to 10 years early? Would you invest your extra income on an investment property or buy a business. Would you travel overseas, renovate your home or pay for your children's education? We'll discuss these goals with you and encourage you to review them regularly.
"A dream becomes a goal when action is taken toward its achievement."
~ Bo Bennett
Step#2
The second step; you need to know where you are right now financially. What's your financial position? What's your net worth? How much are you really paying for your mortgage? What are your credit cards and personal loans costing you each month in interest? Where is all your money going each month and could you do better? Are your loved ones and assets protected?
Review your spending habits by looking for "red flags", money being spend on takeaways and coffees can add up over a month....could you do better? Saving a little can make a huge difference to your mortgage over time.
This information is invaluable when helping you take control of your money, rein in any unnecessary spending and make the money you have left over, work for you.
"It's not your salary that makes you rich, it's your spending habits."
~ Charles A. Jaffe
Step#3
The third step; understand your biggest and most expensive debt...your mortgage. Mortgages are complex, and we will structure your mortgage, so it benefits you, not the bank.
We'll show you how to understand and manage your mortgage better which will save you tens of thousands of dollars and years off your mortgage term. We'll help you eliminate costly bank fees, give you money saving tips and help control your debt.
We'll show you how to better take control of your finances using technology and make your life easier when it comes to finances, all of which will save you time and money.
"One of the effects of living with electric information is that we live habitually in a state of information overload. There's always more than you can cope with."
~ Marshall McLuhan
Step#4
The fourth step. Mortgages are hard enough to understand as it is. So we provide ongoing support and advice for the life of the loan. You'll have your own personal Mortgage Coach for advise on fixed rates, interest rates, how to protect your family and assets, property investment, KiwiSaver mortgage diversion, Working for Families and other financial issues.
We promise to keep in touch with you every quarter until the last dollar is paid and help you stay on track with your budget and your goals. We'll contact you when your fixed rate is due and advise you on your options.
It's like having a "personal banker" except we want to reduce your mortgage, not increase it. Get rid of your credit cards, not increase your limit. Eliminate debt, not add to your debt. Save you money, not cost you money.
Plus, if you have any questions about your account or mortgage, just call us, and speak to a person not a machine.
"Advice is judged by results, not by intention."
~ Marcus Tullius Cicero
Step#5
The final step. Before you make any decision... base it on facts!
Being able to invest knowing you'll have a nest egg when you retire takes planning. Repaying off your mortgage is a risk free and guaranteed investment. And with so much uncertainty in the investment market...now is the time to start your journey to a mortgage free life...today.
There's no obligation and it's totally up to you whether you proceed. All we recommend is, make your decision based on facts, not guess work.
So what's the difference between a standard mortgage and a mortgage using the Be Mortgage Free Programme. How much does a mortgage really cost you? What are the possible savings?
:: A STANDARD 30 YEAR MORTGAGE ::
The curve shows a standard 30 year mortgage of $300,000 at 7.00%pa. The total payments made to the bank is $718,524 with an amazing $418,524 made up of interest .... Or you could save tens of thousands of dollars by using the
Be Mortgage Free Programme ...
:: A 'BE MORTGAGE FREE' MORTGAGE ::
In the above example using the
Be Mortgage Free Programme you can save $116,638 in interest payments and 7 years & 1 month off your mortgage term, equal to $169,575 in mortgage payments.... This is your money that you would have normally paid to the bank. So what are you waiting for.... start saving today!!
Our
Be Mortgage Free Programme is 100% guaranteed to give you results. So call now !!
"The journey of a thousand miles starts with the first step."
~ Lao-Tzu
People are living longer than ever before, a phenomenon undoubtedly made necessary by the 30-year mortgage. ~ Doug Larson
Disclaimer
Articles provided are for information purposes only. It is not an offer to enter into any Be Mortgage Free Limited products or services. Accordingly, you should not take any action in reliance of this article without considering your particular circumstances and taking appropriate professional advice from your Accountant and / or Solicitor. No right of action shall arise against Be Mortgage Free Limited, its related companies or any of their respective directors, officers or employees either directly or indirectly as a result of the information contained in this article in particular, Be Mortgage Free Limited is not responsible for any mistakes, omissions or errors in the article or matters arising due to changes to the law, products or services over time.
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