Another week goes at Premium Finance and another very happy client passes through my doors. Had a client this week that had a very messy banking and mortgage structure that had been set up by their existing financial planner. Unfortunately the structure did absolutely nothing towards helping the client clear their bad debt mortgage any sooner.
After analysing their situation I was able to look at doing a re-structure for them that would now have them owning their family home in just 7 years compared to their existing structure which was going to take them a total of 16 years. With an approved loan monitoring system they can also track how their debt reduction program is working for them, and be informed immediately when they have a had a blow our month. that way they can adjust their spending the next month to make up for it.
These people indicated that they were expecting to retire in 12 years but realised this was not going to happen if they still had a mortgage that was going to take them 16 years. Now they are able to retire as planned and also set up an retirement investment strategy that could conceivably see them still retire within their 12 year plan. Needles to say, these clients were ecstatic with what I was able to achieve for them in a re-structuring program.
Until next week, have a great week, and as Mr Spock would say “Live Long and Prosper”.
Paul
Tags: brisbane, melbourne, premium finance, premium finance services