QSA Financial Services has utilised over 30 years of knowledge and experience to develop a specific Loan Structuring and Ongoing Service Program tailored to each individual client that provides the framework to assist in Accelerated Debt Reduction for our clients.
For too long the Banks have conditioned all Australians to do their banking in a certain way, a way that certainly makes the most money for the Banks. By using a business principle employed by all Banks to make money (trading), you will learn how to use it to your advantage and start saving money! By trading your income directly against your debt, you too can start putting that money back into your pocket instead of the Banks.
Read on to find out about QSA’s five step Mortgage Reduction Program.
Step 1: Consolidate
In today’s society we are enticed by advertisements and marketing ploys to want today what we can’t necessarily afford today. Charging for products and services has become a way of life since the Credit Cards introduction in the 1950’s. Credit Cards along with Personal Loans, Car Loans and Store Cards are tools to buy today what we can hopefully afford to pay for tomorrow, but at what price?
These loans are almost always provided at a significantly higher interest rate than what is available for a home loan. The first step to Accelerated Debt Reduction is to consolidate these consumer debts into one manageable payment at a much lower interest rate. This will in turn improve the available household cash flow and therefore more of your money can go towards paying off the debt than simply paying the Banks interest.
Step 2: Reduce Bad Debt
The term “Bad Debt” refers to any debt where you pay the full interest cost from your income. Credit Cards, Personal Loans and the Loan for your own home are all considered Bad Debts and it is this type of debt that we need to focus on paying off first. A “Good Debt” is considered ‘good’ because the interest charge can be used as a deduction on your tax return and is therefore considered ‘tax deductible’. Therefore, let’s get rid of the Bad Debt first!
As part of QSA’s Mortgage Reduction Program, you will learn how to trade your income directly against your debt to save on your interest charge. Put simply, the Banks charge your home loan interest daily based on your balance owing each day and then compound (add up) these interest charges before charging them onto you as one lump sum at the end of the month. If you can reduce your daily loan balance, you reduce your daily interest charge and now you are compounding the savings! Same income but less expense means more of your money is paying off the debt and your debt balance reduces much quicker.
If you wish to discuss further, please ring QSA for a free consultation!
Step 3: Minimise Risk
At your personal consultation, your QSA Financial Service Portfolio Manager will educate you on the individually tailored options available for reducing your exposure to market risks such as interest rate increases, employment risks such as redundancies and personal risks such as health issues or accidents that may affect your ability to repay your debts for a period.
As part of your Mortgage Reduction Program it is very important to discuss all such possibilities and ensure we design a plan to mitigate these potential events so as to provide you and your family peace of mind knowing your assets and lifestyle will always be safe and secure.
If we fail to plan, we plan to fail!
Step 4: Maximise Control
QSA's Mortgage Reduction Program aims to simplify your banking to put you back in control of your assets and liabilities. Your individually tailored loan structure will aim to avoid cross securitisation by Banks to put you back in control of your assets and will enable you to control the speed at which you pay off your debts.
As part of our Personal Service Agreement to you, QSA will continue to provide ongoing support through Budgeting Programs and Portfolio Management specifically tailored to ensure you stay on target to reach your goals.
If you wish to discuss further, please ring QSA for a free consultation!
Step 5: Set & Forget
With your individually tailored Mortgage Reduction Program ready to be implemented, QSA will ensure that once all is set, you can now simply forget and enjoy the benefits!
All you need to do is continue to earn your dollars confident in the knowledge that the Program set up for you will ensure you pay the minimum in interest on your loans while enjoying the security of knowing your assets and lifestyle are protected from any unforseen risks.
So Take Control and call QSA to arrange an appointment to discuss your individually tailored Mortgage Reduction Program.
