Freedom Strategy Management | Our Services | Mortgage Reduction

Our Goal

Our goal is your goal – How can we pay off the mortgage sooner and pay less interest? We can assess your saving, spending and payment habits. We may also implement several financial planning strategies to help you pay off your mortgage sooner.

We have customised tools to help you track this and help motivate you to get on the front foot with debt reduction. Even small additional amounts can really make a big difference over time.

Over the lifetime of a home loan, the right loan and repayment structure can save you tens to hundreds of thousands of dollars in loan interest and charges. It can also reduce your stress about money.

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SAVE ON INTEREST PAYMENT

Interest repayments can be quite daunting, at times it may feel like you are never able to pay off your principal because of the required interest repayment. However, paying off a mortgage early can literally save you thousands in interest repayments.

Your minimum monthly mortgage repayment for a principal and interest loan is calculated based on how much per month is needed to pay off the balance of the loan or principal over the loan term, plus the interest that has been accrued on that balance.

The average loan terms are about 25 years, however you may have shorter or longer terms upon request. The shorter the loan term, the higher your minimum monthly repayment will be. If you think you can pay out your loan in 10 or 15 years, it’s still a good idea to take the loan over a standard term of 25 years. Just in case things don’t go according to plan, you’ll have more flexibility and your minimum monthly loan repayment will be more affordable and manageable. It doesn’t mean that you will have to take the entire 25 years of the loan term to pay off your loan, but you have that long – should you need it.

UNDERSTANDING PRINCIPAL AND INTEREST

The dollar figure of your loan repayment wouldn’t change if the interest rates didn’t change. What would change, however, is how much of your repayment goes towards paying off the principal and how much is used to service the interest costs.

When you start paying back your mortgage, unfortunately, most of your repayment is actually servicing the interest, while the remainder pays off the principal.

As you pay more and more off the principal, the interest portion of the repayment will be less and the principal portion will be more. As you near the end of your loan term, most of the repayment goes to the principal, while the remainder of the repayment is servicing the interest.

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Our Services

These are the areas we can help you.

Tax Minimisation

We have a specialised network of tax experts who will assist you in understanding all of your tax entitlements and ensure you know your numbers are in order to maximise every claim.

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Mortgage & Debt Reduction

By being smart about your finances and the way you pay your debts, you can save thousands of dollars in interest and become debt free in a much shorter time.

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Retirement Planning

Having the right retirement strategy in place can ensure that you can maintain your current lifestyle in retirement and not have to rely on the government pension in your so-called Golden Years.

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Money Management

A viable money management strategy that suits your individual needs can help you pay off your credit cards faster, consolidate debt, reduce your mortgage, or even save for your next holiday.

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Finance & Home Lending

Securing the right home loan which takes into account your personal circumstances will allow you to establish a solid foundation for a successful property investment strategy.

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Property Investment

Property is the investment of choice for many Australians, and the right strategy will take into account your personal circumstances and ensure you can comfortably build a portfolio that provides a long term residual income.

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Accounting

Our affiliated accountants and tax specialists are experts in ensuring your legal compliance, and will continually update you on changes to tax, super and financial reporting to ensure we accurately identify what you can claim.

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Financial Planning

Our affiliated Financial Planners and Superannuation experts are focused on tailoring a plan that takes into account your current financial position and a roadmap for achieving your desired financial goals by retirement age.

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Darren & Marie

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