Mortgages & Loans
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Confidently Manage Debt
When it comes to making major financial decisions, make the smart choice and contact us at Eclipse Financial Planning for advice. Whether you want to buy a home, buy an investment property, need to reduce debt or structure your finances. We’ll assess your current financial situation to determine ways to help you pay off your debts faster and provide investment property advice that’s appropriate to you. An effective debt management plan doesn’t focus on just one strategy; instead, it comprises multiple strategies tailored to your current financial situation.
True, debt management starts with professional advice, which can help optimise your debt repayments and place you in a better financial position. There are a number of benefits to working with a mortgage broker. We’ll strive to make purchasing property as simple and stress-free as we can. We will partner with external and reputable Mortgage Brokers with access to more than 200 loan packages from over 30 major lenders, and they will narrow the choices down to find an option that suits you. An effective debt management plan can help you navigate through your debts, and provide strategies to change your debt from working against you to working for you, including:
- Identify inefficient and efficient debt
- Help you understand the difference between good and bad debt
- Implement debt payment strategies
- Create a realistic monthly budget
- Pay off your debts sooner and provide accurate ownership forecasts
- Identify areas to cut back to put towards debt
- Gain peace of mind and clarity of your plans
- Worry less about meeting repayments and gain confidence in your financial goals
Debt Reduction
Have you refinanced your Home Loans within the last 18 months? Are you on the best interest rate possible for todays market? If you’re struggling to manage expenses and need help finding ways to reduce debt, we’re here to assist you! At Eclipse Financial Planning, we’ll take an overview of your financial situation and look at alternative options to pay off your existing debt and achieve asset (e.g. Home) ownership as quick as possible.
If your debts are preventing you from building on your nest egg, then chances are, bad debt, such as credit card debt, is pulling you down; working against you. Good debt, such as your mortgage, on the other hand, is building your nest egg; working for you. An effective approach may be to set you up with an offset account. This refers to a transaction account that’s directly linked to your home loan. The money in your transaction account to ‘offset’ your loan. The more money you have in your offset account, the less interest you are required to pay.
A redraw facility will give you access to make extra repayments on your home loan. Both options can be highly beneficial to helping you save a vast amount of interest while simultaneously reducing the time it takes to pay off your home loan. If you’re considering making extra repayments, we’ll help you find a viable amount that you can commit to.
Debt Structuring
We understand it can be stressful managing multiple debts. If you’re paying off a home loan, car loan or a personal loan, how do you know what to direct your extra repayments towards?
Everyone’s financial circumstances are different and requires a personal, tailored approach to managing debt. Our Financial Advisers will work with you to structure your debt repayments and help pay it off faster.
Debt consolidation and structuring is a critical aspect to effective wealth creation and debt management. Before you make any major financial decisions, speak to our Financial Advisers from Eclipse Financial Planning. We’ll assist you to find the right loan, rates, structures to suit your unique situation and needs, potentially avoiding the need for costly refinancing in the future.
Negative Gearing
If you’re an experienced property investor or a first-time buyer, our Financial Advisers are here to help. The key benefit to negative gearing is that any net rental loss that’s incurred against your interest repayments and property-related expenses can be offset by other sources of income. At Eclipse Financial Planning, part of our role is staying on top of the financial market to provide our clients with relevant and up to date information.
We’ll listen to your needs as a home buyer or investor and educate you on what features to look for in a suitable property. If you’re looking at investing in shares, we can offer advice on that as well. The amount you’re allowed to borrow to make the investment will entirely depend on your income, expenses, current interest rates, loan term and loan type. Our Financial Advisers will guide you through the process of purchasing a rental / investment property.
Whilst we don’t provide advice on which specific property to purchase we specialise in helping you understand how property investing works and what sort of property features are suitable for your personal financial situation.
Property
Property is a fantastic growth asset and one that is close to the hearts of many Australians. It can provide a great foundation to wealth creation for many clients. However, like all asset classes, there is no sure thing in investing so careful strategic planning is recommended for that home or investment property portfolio purchase. This is where the team at Eclipse Financial Planning can provide advice applicable your goals and objectives.
Whilst we don’t provide advice on which specific property to purchase we specialise in helping you understand how property investing works and what sort of property features are suitable for your personal financial situation. We’ll provide helpful insights and relevant property market data to help give you the information you need to make confident and fully informed decisions. If you’re looking to purchase your dream home or build your investment portfolio in the Gold Coast, South Brisbane, The Whitsundays including Airlie Beach, Proserpine and Bowen then make the time to speak to our Financial Advisers from Eclipse Financial Planning. From the first enquiry to loan approval, we’ll be with you every step of the way. To arrange a one-on-one consultation with us, call today!
The Eclipse group does not provide Credit Advice about which specific loan is best for you. We provide advice about how to structure your loans including which name/s, loan amount, type, term and features to look for. You will need to utilise an appropriately qualified lender or Mortgage Broker to source your specific loan package.
