Mortgage and Debt Reduction

It is many Australians dream to pay off their mortgage sooner and lots of Australians work with this in mind. Yet many still take 20 to 25 years to pay off their home.

As an example let's look at a home purchased in 1998 at $300,000 with a mortgage of $240,000.

In 8 years the total repayments amount to $124,860 (based on an interest rate of 7%). Of this $124,860 there is $37,981 paid off the mortgage, and the remaining $86,879 is the profit that the lender makes, frightening?

Why is this you may ask? Well interest is compounded over the years to increase the lenders profits. This is how they make their money.

What we do here at AFPS is assess your current financial situation and look at ways you can reduce your overall debt, helping you pay off your mortgage sooner and saving huge amounts of interest.

What is MAP and what does it mean to you?

MAP is a very simple system that allows clients to never have to budget again ... It helps you to understand what is your money to spend and what isn't.

But it's more than a concept – we work with our clients and coach them on a monthly basis and over time new habits are developed as you begin to understand how banks and the money system works. We will teach you how to save incredible amounts of unnecessary interest on your loans by using the MAP system.

Will it work for you?

We can't tell if it will or not until we actually meet with you and have a look at your personal circumstances – there is no cost or obligation to provide you with a personalised report.

Clients using MAP experience improved lifestyle choices, greater peace of mind and a real sense of security. They are reducing debt fast and building assets safely.

MAP is regarded as the premier personal money management system in Australia today.

It is highly endorsed by the Financial Planning, Accounting and Banking sectors.

To find out more or to book in an appointment please contact our MAP Consultant Michael Bailey on 9815 3922 or e-mail him direct on michael@afps.net.au