CASE STUDY 2

Refinance to facilitate further studies

William spent the last 4 years studying . He has been self employed for over 20 years and wanted to increase his skills which would ultimately increase his income. 

What he did not plan for was income that would not grow over this study period, and his tax bills would keep accumulating as well as his tax debt.

When I met Will, he had $50,000 worth of credit card debt , $60,000 ATO debt and $17,000 HECS (study) debt. 

Solution: As William could show good income, we were able to consolidate all this debt into his home loan. He has now one repayment and no other debt except for his home mortgage .