David and MelissaDavid and Melissa came to us for 2 reasons: the first was to refinance their current home loan and get some extra funds to pay out some smaller personal loans and credit cards. The second was to help them set up there Self Managed Super Fund so they could purchase a property to secure their retirement. |
 | There were a number of issues. David is self-employed and his financials, like most self-employed people, weren't reflective of his actual income. Melissa only works part time. And the smaller debts they had were using up all of their "servicing" power on a new loan. Each month they were stressed at having to outlay so much of the money they earned. To cut a long story short, we sat down with them and laid out a 6-month plan going forward. First we would set up their SMSF, get them a loan and help them to find the right property. Then we would work to refinance their existing mortgage, personal loans and credit cards all into a new home loan with just one monthly repayment. David and Melissa secured a property on the Central Coast in their SMSF that will grow in value for the next 20 years until their retirement. They then secured a new mortgage on their home and paid out all of their existing debts. They have an affordable monthly repayment and can now focus on enjoying life with their 2 littlies rather than worrying about money. They are happy campers. |