Ellerfield Financial Planning addresses your total financial needs, so for many of us this is debt. Allowing Ellerfield to look at your current debt position in detail can potentially save you thousands of dollars and years off your current mortgage.

Ellerfield can create a comprehensive Debt Plan that makes sure debt is used effectively and efficiently. It does this by implementing a Debt Reduction Program strategy to reduce your mortgage at a faster rate by harnessing surplus cash flow. It has been difficult to achieve this using traditional banking methods without restricting access to your money... Until now!

The fundamentals of the Program enable you to make innovative financing arrangements work for you, instead of against you. The Debt Reduction Program Strategy may also give you the opportunity to purchase shares and/or property based investments to help you accumulate wealth to assist in reducing debt.

The paradox of the program strategy is that with this alternative, you do not need to increase the amount of your mortgage repayments to reduce your current mortgage term. It is accomplished by utilising funds that would generally wander aimlessly through bank accounts, waiting for the purpose for which they were intended.

The strategy is different from traditional methods of accumulating wealth as the combination of different facets of this strategy can generate this “additional wealth” without increasing the amount which you would normally pay on your mortgage.

You can see from this, that there may be only one thing standing between you and your financial independence - your mortgage. However, by utilising the right approach and loan structure, the strategy can help you repay your mortgage faster.

The below graph shows a real life example of how the Ellerfield strategy has worked for one of our existing clients*.