using Debt Wisely

Pay off debt sooner, and use leverage to your advantage

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Borrow to invest

building wealth with the right type of debt strategies

With the right planning, you can use debt to your advantage or regain financial control where it may be overwhelming you.

At some point in life it’s typical for most of us to contemplate taking out a home loan. There are many strategies we can employ to help accelerate its repayment. Just don’t expect your bank to be overly forthcoming with these! We can advise you on the right structures for your debt to help you take years of the life of your loan. 

As long as you are using debt for investment purposes, using the bank’s money to enhance your wealth can be a great strategy. We’ll be able to assess your financial position, so you can be confident and comfortable with the debt you’re taking on.

We also work with lending specialists who can help you put together the loan we determine is most suitable for your circumstances. 

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FAQs

Common questions about borrowing and debt

Loan consolidation is the process of combining multiple loans into a single, larger loan with a single monthly payment. This can simplify the repayment process and potentially lower your overall monthly payment. The new loan is used to pay off the existing loans, and then you make payments on the new loan.

Loan consolidation can offer several benefits, including simplifying your monthly payments, potentially lowering your monthly payment, and potentially lowering your interest rate. By consolidating multiple loans into one, you may also be able to reduce the amount of time it takes to pay off your debt. Additionally, loan consolidation can make it easier to keep track of your debt and stay on top of your payments.

Using debt to build wealth involves borrowing money to invest in assets that appreciate in value or generate income. Examples include purchasing rental property, investing in shares or managed funds, starting a business, or obtaining education or skills training that lead to higher income.

In most cases, if the return on your investment is greater than the interest on your debt, this will build wealth over time.

Careful planning and risk management are essential!

connect with us

Want to know more about investing with debt

Send us an enquiry or talk to Graham or Rebecca by calling 02 9526 8598