Page 113 - The-Mortgage-Maximiser-Method-by-Thomas-Ilinkovski
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'Ğƚ ŽƵƚ ƚŚĞ ŵŽƌƚŐĂŐĞ ƌĞƉĂLJŵĞŶƚ ĐĂůĐƵůĂƚŽƌ ĂŶĚ ƐĞĞ ǁŚĂƚ ŚĂƉƉĞŶƐ
                       ǁŚĞŶ LJŽƵ ĂĚĚ ĂŶ ĞdžƚƌĂ ΨϱϬ Ă ŵŽŶƚŚ ƚŽ LJŽƵƌ ŵŽŶƚŚůLJ ƌĞƉĂLJŵĞŶƚƐ͘
                       tŚĂƚ ŝĨ LJŽƵ ĂĚĚ ĂŶ ĞdžƚƌĂ ΨϭϬϬ͍ dŚŝƐ ŽŶůLJ ĞƋƵĂƚĞƐ ƚŽ ĂŶ ĞdžƚƌĂ ΨϮϱ
                       Ă  ǁĞĞŬ  ĨƌŽŵ  LJŽƵƌ  ďƵĚŐĞƚ  ĂŶĚ  ĐŽƵůĚ  ĞŶĚ  ƵƉ  ƐĂǀŝŶŐ  LJŽƵ  ƚĞŶƐ  ŽĨ
                       ƚŚŽƵƐĂŶĚƐ ŽĨ ĚŽůůĂƌƐ Žī ƚŚĞ ŝŶƚĞƌĞƐƚ LJŽƵ ƉĂLJ ŽŶ LJŽƵƌ ůŽĂŶ ĂƐ ǁĞůů ĂƐ
                       reducing the life of your loan.





                  Case study:

                  We explained to our client Casey that increasing the payments made on
                  ŚĞƌ ŵŽƌƚŐĂŐĞ ĞīĞĐƟǀĞůLJ ƌĞĚƵĐĞƐ ƚŚĞ ŝŶƚĞƌĞƐƚ ĐŚĂƌŐĞĚ ĞĂĐŚ ŵŽŶƚŚ ŽŶ ƚŚĞ
                  ƉƌŝŶĐŝƉĂů ĂŵŽƵŶƚ͘ /ŶŝƟĂůůLJ͕  ĂƐĞLJ ŚĂĚ Ă ΨϯϬϬ͕ϬϬϬ ůŽĂŶ ǁŝƚŚ Ă ϲ͘ϵй ŝŶƚĞƌĞƐƚ
                  ƌĂƚĞ ŽǀĞƌ Ϯϱ LJĞĂƌƐ ĂŶĚ ŚĞƌ ŵŽŶƚŚůLJ ƌĞƉĂLJŵĞŶƚƐ ǁĞƌĞ ΨϮ͕ϭϬϭ͘Ϯϰ͘ ^ŚĞ ǁŽƵůĚ
                  ƉĂLJ Ă ƚŽƚĂů ŽĨ ΨϯϯϬ͕ϯϳϭ͘ϬϬ ŝŶ ŝŶƚĞƌĞƐƚ ŽǀĞƌ ƚŚĞ ůŝĨĞ ŽĨ ƚŚĞ ůŽĂŶ͘
                  ,ŽǁĞǀĞƌ͕ ǁŚĞŶ ƐŚĞ ŝŶĐƌĞĂƐĞĚ ŚĞƌ ƌĞƉĂLJŵĞŶƚƐ ďLJ ŽŶůLJ ΨϭϬϬ Ă ŵŽŶƚŚ ;ůĞƐƐ
                  ƚŚĂŶ Ă ϱй ŝŶĐƌĞĂƐĞͿ͕ ƐŚĞ ǁĂƐ ĂďůĞ ƚŽ ƌĞĚƵĐĞ ƚŚĞ ƚĞƌŵ ŽĨ ƚŚĞ ůŽĂŶ ďLJ ƚǁŽ
                  LJĞĂƌƐ ĂŶĚ ĞŝŐŚƚ ŵŽŶƚŚƐ ĂƐ ǁĞůů ĂƐ ƐĂǀŝŶŐ ΨϰϮ͕ϲϯϵ͘Ϯϴ ŝŶ ŝŶƚĞƌĞƐƚ͘





                       Hot Tip:  ŚĂůůĞŶŐĞ LJŽƵƌƐĞůĨ ƚŽ ĮŶĚ ƐĂǀŝŶŐƐ ĂŶŶƵĂůůLJ͘ dŚƌŽƵŐŚŽƵƚ ƚŚĞ
                       LJĞĂƌ / ƚLJƉŝĐĂůůLJ ĮŶĚ / ŚĂǀĞ ƐŝŐŶĞĚ ƵƉ ƚŽ ŽŶĞ Žƌ ŵŽƌĞ ƐĞƌǀŝĐĞƐ ƚŚĂƚ
                       / ĚŽŶ͛ƚ ƵƐĞ͘  ŶĚ ǁŚŝůĞ ƚŚĞLJ ŵŝŐŚƚ ŽŶůLJ ďĞ ΨϭϬ ŚĞƌĞ Žƌ ΨϮϬ ƚŚĞƌĞ͕
                       ƚŚĞLJ Ăůů ĂĚĚ ƵƉ͘ ^Ž ĞǀĞƌLJ :ĂŶƵĂƌLJ / ƐĞƚ ŵLJƐĞůĨ Ă ŐŽĂů ƚŽ ƚƌLJ ĂŶĚ ĮŶĚ
                       ΨϮϬϬ ƉĞƌ ŵŽŶƚŚ ŽĨ ƐĂǀŝŶŐƐ ŝŶ ŵLJ ďƵĚŐĞƚ͘ KŶĐĞ / ĮŶĚ ƚŚŽƐĞ ƐĂǀŝŶŐƐ͕
                       I increase my minimum payments on my home loan by that same
                       amount.





                       tŚĞƌĞ ƚŽ ĮŶĚ ŵŽŶƚŚůLJ ƐĂǀŝŶŐƐ


                       KŌĞŶ LJŽƵ͛ůů ĮŶĚ LJŽƵ ĐĂŶ trim ĐŽƐƚƐ ǁŝƚŚ ůŽǁͲŚĂŶŐŝŶŐ ĨƌƵŝƚ ƐƵĐŚ ĂƐ͗

                       ϭ͘   ƵƫŶŐ ƚŚĂƚ ds ƐƵďƐĐƌŝƉƟŽŶ LJŽƵ ƐŝŐŶĞĚ ƵƉ ĨŽƌ ďĞĐĂƵƐĞ LJŽƵ ǁĂŶƚĞĚ
                           ƚŽ ǁĂƚĐŚ ƚŚĂƚ ŽŶĞ ƐŚŽǁ ďƵƚ ĚŝĚŶ͛ƚ ĐĂŶĐĞů ĂŌĞƌ LJŽƵ ǁĂƚĐŚĞĚ ŝƚ͘


                       Ϯ͘  ZĞǀŝĞǁŝŶŐ insurances to make sure you are on the best deal.

                       ϯ͘  ZĞǀŝĞǁŝŶŐ LJŽƵƌ home loan rate ʹ ƐĂǀŝŶŐ ũƵƐƚ Ϭ͘ϭй ĐŽƵůĚ ďĞ ƚŚĞ
                           ĞŶƟƌĞ ΨϮϬϬ ƐĂǀŝŶŐƐ LJŽƵ ŶĞĞĚ ƚŽ ŵĞĞƚ LJŽƵƌ ŐŽĂů͘


                       ϰ͘  ZĞǀŝĞǁŝŶŐ LJŽƵƌ ƵƟůŝƟĞƐ to look for savings in electricity or gas –
                           Žƌ  ƌĞǀŝĞǁŝŶŐ  ǁŚĞƚŚĞƌ  Žƌ  ŶŽƚ  ƐŽůĂƌ  ŶŽǁ  ŵĂŬĞƐ  ĮŶĂŶĐŝĂů  ƐĞŶƐĞ
                           to install if you are planning to be in your current home for the
                           foreseeable future.


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