I met with a young couple the other night to discuss their options to buy their first home. They were really excited as they had looked at house and land packages and really started to see their dream of owning a home a reality.

After enjoying a beautiful meal at their place, I started discussing their options on how they could purchase a property with very little deposit, what the repayments would be…all the usual things.

During the conversation, I mentioned a simple hack to pay down their home loan faster and their response was ‘that’s a great idea, why doesn’t everybody do that?’ and my answer was simple…’most people don’t know’, which brings me to this weeks topic ‘having a team of trusted advisors working for you may be the difference of paying down your loan in 12 years rather than 30 years.

Let’s take a second to think about the interest savings.

It is very important to build a team of trusted advisors that are working for you with only one goal in mind. Usually that goal is to buy your first home, refinance your property, raise funds to buy an investment property, start a business, renovate or to buy a new car.

I don’t see myself as the person that only arranges money.
I see myself as the person that helps you achieve your financial goals by giving you access to the money.

Everybody has a dream or a goal and it’s always deeper than the actual transaction. E.g. a young couple wants to buy their first home because they are sick of renting and the instability that comes with renting somebody else’s property, let alone paying for someone else’s mortgage. A property investors goal may be to acquire a particular property because they may see development potential in that property and if they miss out on buying the property, they lose the potential of making money.

Everybody has a different motivation for seeking finance and a good trusted advisor will always delve deeper to explore and understand your goal behind the transaction and work with you and a team of advisors to help you achieve it.
A good team will then work together to implement smaller plans within their expertise, this builds your big plan to get you to where you want to be.
It’s like building a house, you need an architect, the bank, council, builder and tradies to work together on the plans to build the house. Everybody knows what they need to do because everybody has a copy of the actual house plans.

The benefit of having a team is that once you decide to take the next step your team already know your goals and all your information to start the process, you don’t need to provide the same information again and try and get an external person to understand your goals.

Do you know anyone that would benefit from seeing a team of trusted advisors? We are launching a referral campaign where we are offering a bottle of Dom Pérignon or a $200 voucher for every customer that proceeds with a loan.

Thank you for reading