For many of us, the largest debt we have is a mortgage on top of which some will be paying off a car loan or a bank loan. Debt is almost inevitable these days, especially when you include credit and store debit cards. And with debt comes interest payments. A standard principal and interest mortgage can result in a home buyer paying up to four times the built value of a home over a 25 year mortgage period. Buy a pair of shoes on credit and, unless you pay off the full amount on your card every month, you’ll have paid a lot more than the price on the ticket.
This is why it is a good idea to keep a firm grip on all your debts and make sure you do all you can to manage then efficiently in ways that minimise interest payments.
The Australian dream of owning our own home is alive and well. Unfortunately paying a mortgage can leave precious little money left with which to accumulate assets for your other objectives and necessities such as school fees, holidays, emergencies and retirement.
At TAG Wealth, our Debt Management program is designed to help you to:
Every program is entirely personal and is devised to meet the specific requirements of each client.
At TAG Wealth, we also recognise where specialist advice is required so we have developed long-standing partnerships with trusted mortgage brokers who can provide specialist loan advice and implementation services.
Contact TAG Wealth today to find out how we can help you.
TAG Financial Planning Pty Ltd ATF TAG Financial Planning Unit Trust ABN 64 647 048 794 t/a TAG Wealth Solutions a Corporate Authorised Representative of Infocus Securities Australia Pty Ltd ABN 47 097 797 049 AFSL No. 236523 for financial services only.
Credit assistance and other services are not provided by Infocus.
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