Low Mortgage Payments...Great! Super Low Mortgage Payments...
Even Better.

Would you love to have super low mortgage payments and pay your debts off sooner? Of course you would. Who wouldn’t! There are several secrets and some, not so secret tools that mortgage advisors use to achieve this.

Why do you want to lower payments?
But first, ask yourself why do you want lower payments?
- Is it an investment property,
- too many bills,
- money going everywhere.
- Huge Credit card balances
- Struggling with current payments
- Would you just prefer to spend the money on something else?

Be honest, there's no need to kid yourself and this way you can choose the right mortgage.

Investment Property - Interest Only Mortgage
There are only two reasons for an investment property. Cashflow/income or build an Asset/Investment. If you want the highest cashflow, then an interest only mortgage is best as this is the absolute lowest repayment. BUT, with a repayment mortgage, eventually there will be no mortgage and all the rental income will be profit for you.

Struggling with current payments
Struggling with current payments is a common reason for wanting lower repayments. Debt consolidation is the answer here. It's the quickest most effective method of achieving low mortgage payments.

Absolute Lowest Mortgage Payments
The absolute lowest mortgage payment is interest only. As said above this is great for investment properties but if it's your home then you'll never own it.

True Cost
Remember. You have to pay it back. The longer the term of the mortgage the more it costs you in the end (the amortization calculator will show you this) . Even if the monthly payment is lower. That's why you need to understand WHY you have chosen this option.

Pay now or pay later but you will pay. There's a saying "nothing in life is guaranteed except death and taxes!"

In this day and age we should add "Bank Interest". Few people will ever go through life without paying a large some of it. Our task is to make that amount as small as possible

Related Articles
Understanding refinance home mortgage rates ratios and how this effects your credit score and borrowing capacity.

Other Mortgage Calculators
- Mortgage Payment Calculator
- Credit Consolidation Calculator
- Free Debt Reduction Calculator - Finding your goal term.

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