Having financial debt can be stressful and having it structured incorrectly can be even more demanding.
Debt is a part of our everyday life either you are purchasing a house or recently brought a new car it has been incorporated into most purchases. Our main goal at Money Street Wealth is to assist all our clients in achieving their financial goals and needs. We strive to ensure that we are helping our clients in debt reduction and laying out a process that will give them more financial freedom and security.
Top tips for paying down debt faster
DYOR - Do your own research
Find the best possible interest rate that can possibly have, a lot of people pay more than they have too on interest due to old rates. Find something competitive!
Increase the repayment amount
Extra repayments on your mortgage can cut your loan by years and save you thousands in interest.
Switch to fortnightly repayment
If you're currently paying monthly, consider switching to fortnightly repayments. By paying half the monthly amount every two weeks you'll make the equivalent of an extra month's repayment each year (as each year has 26 fortnights).
