Mortgage and Debts

Mortgage and debts elimination planning


Mortgage and debts are epidemic in Canada as well as in other countries around the world.

Just look at the media and the thousands of advertisements that try to sell us “stuff” everyday. This constant bombardment of messages tells us we need to purchase and consume “Stuff.”

We borrow and sign purchase agreements. We use our Credit Cards to the maximum. Always getting into more debts.

Now, let's see how Mortgage debt is one of the most significant debts a person will endure in their lifetime if they decide to become a home owner. Conventional mortgages are structured for the benefits of the lender. (It is not in the best interest of the lender: to show you how to pay off your mortgage faster.)

With proper planning the we can significantly reduce the amount of interest a person pays in his mortgage.

But before we can do the restructuring, we have to understand the "Money Game"
Like any game that you play, it is always more enjoyable if you know & understand the rules.

The Money Game is just one game none of us can afford to lose. Unfortunately, it's the game we do not understand the rules.

The objective of the lenders will always be to make the most money possible form you, the borrower. This is evident in the enormous profits that the financial institutions earn on an annual basis.

When people go to buy their home and take out a mortgage the lenders are more than happy to lend the money to credit worthy individuals.

The lenders never show you how to pay off your mortgage faster? It cuts into their profits.

The strategies they provide the public are simple, restrictions on how much you can prepay your mortgage debt or how much extra money you can put towards your mortgage without penalties.

If you don't follow the rules they charge you extra interest and penalties.

Mortgage and debts are what we need to take a serious look at and restructure to your benefits.