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dŚŝƐ ǁĂLJ >ƵĐLJ ŬŶŽǁƐ ǁŚŝĐŚ ĚĞďƚ ǁĂƐ ƵƐĞĚ ƚŽ ďƵLJ ƚŚĞ ŚŽŵĞ ;ƐŚŽƵůĚ
ƐŚĞ ĞǀĞƌ ƌĞŶƚ ŝƚ ŽƵƚ͕ ƐŚĞ ǁŝůů ŶĞĞĚ ƚŚŝƐ ĨŽƌ ƚĂdž ƉƵƌƉŽƐĞƐͿ ĂŶĚ ǁŚŝĐŚ
ĚĞďƚ ǁĂƐ ĨŽƌ ĚĞďƚ ĐŽŶƐŽůŝĚĂƟŽŶ͘ dŚĞ ůĂƩĞƌ ŝƐ ƚŚĞ ĚĞďƚ ƚŚĂƚ ƐŚŽƵůĚ ďĞ
ƉĂŝĚ Žī ĮƌƐƚ͘
• ZĞĚƵĐĞ ƚŚĞ ůĞŶŐƚŚ ŽĨ LJŽƵƌ ůŽĂŶ
We have outlined several ǁĂLJƐ LJŽƵ ĐĂŶ ƌĞĚƵĐĞ Ă ϮϱͲ ƚŽ ϯϬͲLJĞĂƌ ůŽĂŶ͘
KŶĞ ŽƉƟŽŶ ŝƐ LJŽƵ ĐĂŶ ĞůĞĐƚ ƚŽ ĐŚĂŶŐĞ ƚŚĞ ĚƵƌĂƟŽŶ ŽĨ LJŽƵƌ ůŽĂŶ ĂŶĚ
ƐŚŽƌƚĞŶ ŝƚ ƚŽ ϭϱ ƚŽ ϮϬ LJĞĂƌƐ͘ KĨ ĐŽƵƌƐĞ͕ ƚŚŝƐ ǁŝůů ŵĞĂŶ ŝŶƐƚĞĂĚ ŽĨ ŚĂǀŝŶŐ
ƚŚĞ ŽƉƟŽŶ ƚŽ ŝŶĐƌĞĂƐĞ LJŽƵƌ ƉĂLJŵĞŶƚƐ ĞĂĐŚ ŵŽŶƚŚ͕ LJŽƵƌ ŵŝŶŝŵƵŵ
ƌĞƋƵŝƌĞĚ ƉĂLJŵĞŶƚ ǁŝůů ŝŶĐƌĞĂƐĞ ƚŽ ƉĂLJ Žī ƚŚĞ ƉƌŝŶĐŝƉĂů ĂŶĚ ŝŶƚĞƌĞƐƚ
amount in the shorter period.
&Žƌ ƚŚŝƐ ƌĞĂƐŽŶ͕ ǁĞ ĂĚǀŝƐĞ ƚŚĂƚ LJŽƵ ĐŽŶƐŝĚĞƌ ƚŚŝƐ ŽƉƟŽŶ ŽŶůLJ ŝĨ LJŽƵ
have a sustainable income that is high enough to consistently cover
ƚŚĞ ŚŝŐŚĞƌ ƌĞƋƵŝƌĞĚ ƌĞƉĂLJŵĞŶƚƐ ĨŽƌ ƚŚĞ ůŝĨĞ ŽĨ ƚŚĞ ůŽĂŶ͘
'ĞŶĞƌĂůůLJ͕ / ƚĞŶĚ ƚŽ ůĞĂŶ ĂǁĂLJ ĨƌŽŵ ƐƵĐŚ ĂŶ ĂƌƌĂŶŐĞŵĞŶƚ ĂƐ ŝƚ ůŽĐŬƐ
LJŽƵ ŝŶƚŽ ƚŚĂƚ ŚŝŐŚĞƌ ŵŝŶŝŵƵŵ ŵŽŶƚŚůLJ ƌĞƉĂLJŵĞŶƚ͘ ZĂƚŚĞƌ͕ / ǁŽƵůĚ
ƉƌĞĨĞƌ ƚŚĂƚ ƚŚĞ ĚŝƌĞĐƚ ĚĞďŝƚƐ ǁĞƌĞ ƐĞƚ ƵƉ ƐŽ ƚŚĂƚ ƚŚĞ ƌĞƉĂLJŵĞŶƚƐ
ĐŽŵŝŶŐ ŽƵƚ ǁŽƵůĚ ƉĂLJ ƚŚĞ ůŽĂŶ Žī ŝŶ ϭϱͲϮϬ LJĞĂƌƐ͘ dŚŝƐ ǁĂLJ͕ ŝĨ LJŽƵ ĮŶĚ
LJŽƵƌƐĞůĨ ŝŶ Ă ƉŽƐŝƟŽŶ ǁŚĞƌĞ LJŽƵ ĂƌĞ ƐŚŽƌƚ ŽŶ ĨƵŶĚƐ͕ ůŽƐĞ LJŽƵƌ ũŽď͕
ŚĂǀĞ ĂŶ ŝůůŶĞƐƐ͕ LJŽƵ ĐĂŶ ƌĞǀĞƌƚ ƚŽ ƚŚĞ ŵŝŶŝŵƵŵ ƌĞƋƵŝƌĞĚ ƌĞƉĂLJŵĞŶƚƐ͘
dŚĞ ŝŵƉŽƌƚĂŶƚ ƉƌŝŶĐŝƉůĞ ŚĞƌĞ ŝƐ ƚŚĂƚ ƚŚĞ ůŽĂŶ ƚĞƌŵ ŝƐ ŵĞƌĞůLJ Ă ĨƵŶĐƟŽŶ
of the repayment you make. If the loan term is 30 years but you make
ƌĞƉĂLJŵĞŶƚƐ ůŝŬĞ ŝƚ͛Ɛ Ă ϭϬͲLJĞĂƌ ůŽĂŶ͕ ƚŚĞ ůŽĂŶ ǁŝůů ďĞ ƉĂŝĚ Žī ŝŶ ϭϬ
years.
Case study:
:ĂŶĞ ĂŶĚ ^ĐŽƩ ǁĞƌĞ ƉƵƌĐŚĂƐŝŶŐ Ă ŚŽŵĞ ĨŽƌ ΨϱϬϬ͕ϬϬϬ ĂŶĚ ƚŽŽŬ ŽƵƚ Ă
ŵŽƌƚŐĂŐĞ ĨŽƌ ΨϰϬϬ͕ϬϬϬ͘ ^ĐŽƩ ĂŶĚ :ĂŶĞ ǁĞƌĞ ĂĚĂŵĂŶƚ ƚŚĞLJ ǁĂŶƚĞĚ ƚŚĞ ůŽĂŶ
ƉĂŝĚ Žī ŝŶ ϮϬ LJĞĂƌƐ͕ ĂŶĚ ƚŚĞLJ ŚĂĚ ƚŚĞ ŝŶĐŽŵĞ ƚŽ ƐƵƉƉŽƌƚ ƚŚĞ ƐŚŽƌƚĞƌ ůŽĂŶ
term.
dŚĞ ŵŝŶŝŵƵŵ ƌĞƉĂLJŵĞŶƚƐ ŽŶ Ă ΨϰϬϬ͕ϬϬϬ ŵŽƌƚŐĂŐĞ Ăƚ ϰй ŽǀĞƌ ϮϬ LJĞĂƌƐ
ǁĞƌĞ ΨϮ͕ϰϮϯ ƉĞƌ ŵŽŶƚŚ ĐŽŵƉĂƌĞĚ ǁŝƚŚ ƚŚĞ ŵŝŶŝŵƵŵ ƌĞƉĂLJŵĞŶƚƐ ŽǀĞƌ ϯϬ
LJĞĂƌƐ ŽĨ Ψϭ͕ϵϬϵ ƉĞƌ ŵŽŶƚŚ͘
:ĂŶĞ ĂŶĚ ^ĐŽƩ ĚĞĐŝĚĞĚ ƚŽ ďĞ ĐŽŶƐĞƌǀĂƟǀĞ ĂŶĚ ůŽĐŬ ƚŚĞŵƐĞůǀĞƐ ŝŶƚŽ ƚŚĞ ůŽǁĞƌ
repayments over 30 years but set up the direct debit to take repayments
ŽƵƚ Ăƚ ΨϮ͕ϰϮϯ ƉĞƌ ŵŽŶƚŚ͘ dŚŝƐ ĞŶƐƵƌĞƐ ƚŚĂƚ ŝĨ ŶŽƚŚŝŶŐ ŚĂƉƉĞŶƐ͕ ƚŚĞ ůŽĂŶ
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