Page 93 - The-Mortgage-Maximiser-Method-by-Thomas-Ilinkovski
P. 93
Maternity leave
KďƚĂŝŶŝŶŐ ĮŶĂŶĐĞ ǁŚŝůĞ ŽŶ ŵĂƚĞƌŶŝƚLJ ůĞĂǀĞ ĐĂŶ ďĞ ƚƌŝĐŬLJ ŐŝǀĞŶ ƚŚĞ ƌĞĚƵĐƟŽŶ
ŝŶ ŝŶĐŽŵĞ ;Žƌ ŶŽ ŝŶĐŽŵĞͿ ĚƵƌŝŶŐ ƚŚŝƐ ƉĞƌŝŽĚ ŽĨ ůĞĂǀĞ ĂŶĚ ƚŚĞƌĞĨŽƌĞ LJŽƵƌ ĂďŝůŝƚLJ
to service the mortgage repayments.
DŽƐƚ ůĞŶĚĞƌƐ ǁŝůů ƌĞƋƵŝƌĞ ƚŚĂƚ LJŽƵ ŚĂǀĞ ƌĞƚƵƌŶĞĚ ƚŽ ǁŽƌŬ ĨŽƌ Ăƚ ůĞĂƐƚ ŽŶĞ
ƉĂLJ ĐLJĐůĞ ďĞĨŽƌĞ ƚŚĞLJ ǁŝůů ĂŐƌĞĞ ƚŽ ĨĂĐƚŽƌ LJŽƵƌ ŝŶĐŽŵĞ ƚŽǁĂƌĚƐ ƚŚĞ ŵŽƌƚŐĂŐĞ
repayments.
,ŽǁĞǀĞƌ͕ ŝŶ ƐŽŵĞ ĐĂƐĞƐ ǁĞ ĐĂŶ ƐƟůů ŽďƚĂŝŶ ŚŽŵĞ ůŽĂŶ ĂƉƉƌŽǀĂů ǁŚŝůĞ LJŽƵ ĂƌĞ
ŽŶ ŵĂƚĞƌŶŝƚLJ ůĞĂǀĞ ƉƌŽǀŝĚŝŶŐ ǁĞ ĐĂŶ ĚĞŵŽŶƐƚƌĂƚĞ͗
• dŚĞ ŵĂƚĞƌŶŝƚLJ ůĞĂǀĞ ŝƐ ĨŽƌ Ă ĚĞĮŶĞĚ ƉĞƌŝŽĚ
• zŽƵ ŚĂǀĞ ƐƵĸĐŝĞŶƚ ƐĂǀŝŶŐƐ Žƌ ŽƚŚĞƌ ŝŶĐŽŵĞ ƐŽƵƌĐĞƐ ƚŽ ďĞ ĂďůĞ ƚŽ
ĂīŽƌĚ ƚŚĞ ƌĞƉĂLJŵĞŶƚƐ ĨŽƌ ƚŚĞ ƉĞƌŝŽĚ ŽĨ ŵĂƚĞƌŶŝƚLJ ůĞĂǀĞ͘
/Ĩ LJŽƵ ĂƌĞ ŽŶ ŵĂƚĞƌŶŝƚLJ ůĞĂǀĞ ĂŶĚ LJŽƵƌ ŝŶĐŽŵĞ ŝƐ ƌĞƋƵŝƌĞĚ ƚŽ ĂīŽƌĚ ƚŚĞ
ƌĞƉĂLJŵĞŶƚƐ͕ ƚŚĞŶ LJŽƵ ǁŝůů ŶĞĞĚ ƚŽ͗
ϭ͘ KďƚĂŝŶ Ă ůĞƩĞƌ ĨƌŽŵ LJŽƵƌ ĞŵƉůŽLJĞƌ ĐŽŶĮƌŵŝŶŐ LJŽƵƌ ĞdžĂĐƚ ƌĞƚƵƌŶͲƚŽͲǁŽƌŬ
ĚĂƚĞ ĂŶĚ ŽŶ ǁŚĂƚ ŝŶĐŽŵĞ LJŽƵ ǁŝůů ƌĞƚƵƌŶ͘ /Ŷ ŵŽƐƚ ĐĂƐĞƐ͕ this period should
be no longer than 12 months. HŽǁĞǀĞƌ͕ ǁĞ ŚĂǀĞ ŚĂĚ ƵƉ ƚŽ ϭϴ ŵŽŶƚŚƐ
approved.
Ϯ͘ Ğ ĂďůĞ ƚŽ ƉƌŽǀŝĚĞ ĞǀŝĚĞŶĐĞ ŽĨ ŚŽǁ LJŽƵ ǁŝůů ĂīŽƌĚ ƌĞƉĂLJŵĞŶƚƐ ŽŶ ƚŚĞ
home loan during this maternity leave period. To demonstrate this
ĐŽŶĚŝƟŽŶ͕ LJŽƵ ǁŝůů ŶĞĞĚ ƚŽ ƉƌŽǀŝĚĞ ĞǀŝĚĞŶĐĞ ƐƵĐŚ ĂƐ͗
ĂͿ 'ŽǀĞƌŶŵĞŶƚ ďĞŶĞĮƚƐ ƐƵĐŚ ĂƐ ϭϴ ǁĞĞŬƐ ŽĨ ƉĂŝĚ ŵĂƚĞƌŶŝƚLJ ůĞĂǀĞ ʹ ďĂŶŬƐ
ǁŝůů ŶŽƚ ƵƐĞ ƚŚŝƐ ĂƐ ŝŶĐŽŵĞ ďƵƚ ǁĞ ĐĂŶ ƵƐĞ ŝƚ ƚŽ ƐŚŽǁ ƚŚĂƚ LJŽƵ ĐĂŶ
ĂīŽƌĚ ƌĞƉĂLJŵĞŶƚƐ ĚƵƌŝŶŐ ƚŚĞ ŵĂƚĞƌŶŝƚLJ ůĞĂǀĞ.
ďͿ ŶLJ ĂĚĚŝƟŽŶĂů ƐĂǀŝŶŐƐ ƚŚĂƚ ĐĂŶ ďĞ ƵƐĞĚ ƚŽ ĂƐƐŝƐƚ ǁŝƚŚ ƌĞƉĂLJŵĞŶƚƐ͘
Case study:
ŵĂŶĚĂ ĂŶĚ ǀĂŶ ǁĞƌĞ ƐĞĞŬŝŶŐ ƚŽ ƉƵƌĐŚĂƐĞ ƚŚĞŝƌ ĮƌƐƚ ŚŽŵĞ ŝŶ ĚĞůĂŝĚĞ͘
ŵĂŶĚĂ ǁĂƐ ŽŶ ŵĂƚĞƌŶŝƚLJ ůĞĂǀĞ ĨƌŽŵ ŚĞƌ ĞŵƉůŽLJŵĞŶƚ ĂƐ Ă ƐĂůĞƐ ŵĂŶĂŐĞƌ͘
tŝƚŚŽƵƚ ŵĂŶĚĂ͛Ɛ ŝŶĐŽŵĞ͕ ƚŚĞŝƌ ďŽƌƌŽǁŝŶŐ ĐĂƉĂĐŝƚLJ ǁĂƐ ΨϮϮϬ͕ϬϬϬ͕ ďĞůŽǁ
ǁŚĂƚ ƚŚĞLJ ŶĞĞĚĞĚ ƚŽ ƉƵƌĐŚĂƐĞ Ă ƉƌŽƉĞƌƚLJ ĨŽƌ ΨϰϳϬ͕ϬϬϬ͘
92
