iNetWorx Blueprint to Mortgage Freedom

HOW TO FLIP THE MORTGAGE SCRIPT

You probably trust your mortgage statement, believing it to be the final word on how much you still owe on their home loan, but this is only half the story.

Meet Dave: a 45-year-old who has just refinanced his $800,000 home with a $500,000 loan at an interest rate of 6%.

Dave’s mortgage statement says the amount outstanding is $500,000

but Dave's actual debt is over $1,079,000!

How is this possible?

Here's the sly trick the banks play: They set up your loan so that your mostly repaying interest at the start of the loan, and not making any significant headway for over a decade before things start to even out and you start paying off more of the principal.

in the first 5 years of a mortgage the interest ratio is 81%

This means for every $1.00 going towards paying off your mortgage, only 19c is going towards paying off your home, with 81c going straight to the banks profit margins.

By year 14, the $500,000 Dave borrowed is fully paid back, with the remaining 16 years committed to repaying a debt thats already been paid.

But the worst part about this that most homeowners refinance their loan every 5 years, so they are perpetually in this cycle of 81% of your repayments going straight to the bank as profit and repaying 204% of the purchase price over a 30 year term.

IT'S NOT JUST THE INTEREST RATE

The banks want you to focus on the cost of your monthly repayments, which is all to do with the interest rate.

The real issue isn’t the weekly repayments, or even the interest rate. It’s the ratio of interest your paying over the term of the loan and the fact the interest extends your loan term by 16+ years once the prnicipal has been repaid.

 

IT'S THE TOTAL COST OVER TIME

So the true cost is measured not only in dollars, but also in time, as the longer you remain in debt, the more the interest will compound and the less time you have to prepare for your retirement

THE SILENT THIEF: COMPOUNDING INTEREST

Compounding interest has been the unseen and unacknowledged strategy that generates billions annually for financial institutions, ensuring homeowners like Dave, and perhaps even you, remain trapped in mortgage debts for most of their lives.

Make no mistake, the banks would rather you remain in debt your entire working life and they have sophisticated tools and strategies to achieve this built into every mortgage they approve.

However, it's essential to remember: the power of compounding isn't reserved only for banks, you can start to use this against them

 

YOUR COUNTER MOVE: FLIP THE SCRIPT

Ready to turn the tables?

By embracing tax-assisted mortgage reduction strategies, you can use the power of compounding to your advantage.

Banks have been leveraging these strategies for years, to keep you in debt, it's time for you to use their tactics against them and stepping closer to a mortgage-free life.

This strategy is the only way of reducing the term of your loan without impacting your lifestyle or increasing your weekly repayments.

TAX ASSISTED MORTGAGE REDUCTION EXPLAINED

Here are the facts when it comes to the cost of buying a home in Australia:

Lets say you have a mortgage of $600,000 and pay it off over 30 years.

At todays interest rate of 6% this equates to $1,295,029 in repayments.

Lets say you have a wage of $120,000 for the 30 years you have a mortgage

At todays tax rates this equates to $869,430 in tax.

This means your paying over $2,000,000 in principal repayments, interest repayments and tax liabilities to pay back $600,000

Now consider this.

With the right structures in place with the ATO, you are now able to access that income tax and use it to help pay off your mortgage 10,15, even 20 years sooner than you expect.

just $35 a day in tax back would pay off that same loan in 17 years and 8 months

……and save over $320,000

Now add sophisticated mortgage reduction software coupled more flexible loan options and its very common to pay off a 30 year mortgage in under 10 with absolutely zero impact on your cashflows or lifestyle.

WHY YOU DONT HAVE TIME TO WASTE

45% of retirees are still dealing with mortgage debt. This means they are using the Super they need to fund their retirement to balance the debt, and the pension is means tested which means you may have a home paid off, but where are you going to get the $1,200,000 you need to fund your living expenses for 20+ years?

Don’t be a statistic, strategise to eliminate your 30 year mortgage in 10 and beat the banks and financial institutions that are keeping Australians in debt well into retirement.

 

CONCLUSION

While it's easy to feel disheartened by the overwhelming numbers on your mortgage statement, remember that knowledge is power. By understanding the system and using smarter strategies, you can take control of your financial future.

Don't be a victim of the banking system; be its master.

The choice is yours.

HOW WE CAN HELP

Contact us today and through our well researched network of financial service providers, and you will receive your very own customised mortgage and strategy report for free.

It will outline exactly how much money and time you can save, the impact this will have on your finances, and uncover loop holes and strategies the wealthy use to pay down their debts years sooner.

Your Free Mortgage Report

Unfortunately, not everyone is qualified to utilise all the strategies on offer, but if you meet the necessary criteria our network partners can create a personalised blueprint that can show you all the opportunities available to you as well as address the following concerns:

Key Issues addressed in report

  • Banking Deception: The mortgage statement often paints a misleading picture of your debt. The principal amount displayed is just part of the story; interest, especially when front-loaded, can drastically inflate the true cost.

  • Interest Mirage: Taking the example of Dave, while his principal loan is $500,000, the actual debt due to interest stands at a staggering $1,079,190.95, resulting in an interest ratio of 115%.

  • The Silent Thief: Compounding interest is the mechanism banks utilise to ensure homeowners remain trapped in mortgage debts. It's the key behind the astronomical profits banks make.

  • Retirement Risk: A significant 45% of retirees grapple with mortgage debt. This forces them to divert their retirement funds, like Super, to address the debt, jeopardising their post-retirement lifestyle and financial stability.

Potential Upsides

  • Flip The Script: By leveraging tax-assisted mortgage strategies, homeowners can harness the power of compounding in their favor, potentially halving their mortgage duration without any additional repayments or lifestyle compromises.

  • Empowerment through Knowledge: Understand the intricacies of your mortgage, from the interest rate to the cumulative cost over time. Recognizing these details is the first step toward devising effective counterstrategies.

  • Bank-Like Tactics: Banks have utilised these strategic approaches for ages. Embrace their tactics and be one step closer to a mortgage-free existence and financial freedom.

  • Access sophisticated mortage reduction software: Combine all these strategies and plug them into our sophistaicted software that is showing people how to beat the banks at their own game.

Effect on Finances

  • Reduced Long-Term Debt: Through strategic understanding and action, homeowners can significantly reduce their long-term mortgage liabilities, freeing up financial resources for other endeavors.

  • Massive tax savings: Use money your employer is paying you for your own wealth creation plan. The days of sending a hundreds of thousands of your hard earned money to the ATO is over with. Don’t be the one who misses out.

  • Enhanced Retirement Preparations: Eliminating a 30-year mortgage in just 10 years provides homeowners with more time and resources to prepare for retirement, safeguarding their future lifestyle and financial well-being.

  • Increased Financial Control: Taking command of your mortgage not only alleviates debt faster but also allows you to allocate funds more effectively, bolstering your overall financial health and peace of mind.

dont wait

The best time to start beating the banks and is now.

Enter your details below for your very own customised report.

And while your at it, why not access our other free reports that show you how to beat the banks, get out of non performing Super funds, save thousands on unnecesary advice fees and access direct to wholesale investments all for free!