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I came across a link to your website while I was on the internet a while ago and immediately had a scroll through all the information, signed up as a member and ordered a copy of your book, "How To Be Mortgage Free in 4 Easy Steps". I purchased my first house in Perth 12 years ago. About 5 years later I refinanced my mortgage to buy a unit in Perth and I have recently just built a new house in Queensland. All of these are investment properties, as I did my sums early on and figured that I was best to rent a place to live in and then rent out my properties. I suppose the thing that surprised me the most after reading. How to be mortgage free in 4 easy steps was that I actually did not have to change a single thing. I was already doing exactly what your book suggests! My 2 Perth properties are P&I loans which are 100% offset. Mt Queensland property is Interest only and I live and pay all my expenses on credit card and then pay that balance at the end of each month. As I have refinanced loans to buy more property, I have never actually become mortgage free, although I now have other people paying off the majority of my loans. People always seem to ask me how? And I always reply, "how can you not?" But still most people do not understand. I have not had to work any harder or sacrifice to have these investment properties and I am not on a huge wage either. What I do know is that I actively seek as much information as possible about my mortgages and investments and actually have an interest in them and I would really like to retire by the time I am 40, which is about 10 years away. I plan to buy more properties in the future, although at the moment I am diversifying by trying my hand in the stock market. What I have noticed is that there are many people out there who either do not understand enough about their finances or are just too scared or naive to want to learn more Ė when it is only in their best interest to! So although I was already on the path to being mortgage free by putting into practice what you said in your book, I do hope many more people get the chance to read your book or look at the website so they too can start on the path towards financial freedom.
We were buying a business and had tried to go through the banks ourselves, but were finding the process very time consuming and felt as if we werenít getting the answers we needed. Then our lifesaver came in the form of a mortgage coach Ė it was as if immediately all the worry and stress was taken off our shoulders and out of our hands. Suddenly here was someone who understood the stress we were going through in buying our business. As part of his service, he did all the running around and organised all the paperwork plus found the best deal that suited us and our long term plans as well. Our mortgage coach took the time to sit with us and explain all the legalities of our loan in detail so that we could understand. I know he only had our best interest at heart Ė he was professional, trustworthy, reliable, flexible and most importantly, understanding of our needs and what we wanted. This really was the best experience I have ever had using a mortgage coach, so there is no other option for us other than to use him again when the time comes.
Kim -- Bakers Delight, Woodlands, WA
Initially I had a few reservations about using a mortgage coach as I had never done it before, but in the end the outcome was what I wanted. I found it much nicer to deal with someone on a personal level who listened to your needs Ė I have found before that the banks often donít listen to what you are saying. My mortgage broker was a nice man to deal with who also got me the best deal and is someone I would use again.