Joanne (aged 25) with an annual gross salary of $80,000 recently purchased her first home for $300,000. After obtaining finance from her local bank, Joanne was successful in getting a loan for $200,000. With her monthly living expenses of $2,500 Joanne was keen to pay off her home loan as quickly as possible and reduce the amount of interest payable.

By paying the current monthly repayment of $1,676 over a 30 year term, Joanne would have paid over $400,000 in interest payments to the bank. By using the service provided by Your Focus, which included a number of debt reduction strategies, Joanne would pay only $119,000 in interest, which is a saving of $283,336 and 19.2 years off her home loan.

John (aged 29) and Sue (aged 28) are married with a home worth $500,000 and have annual gross salaries of $100,000 and $50,000 respectively. They recently refinanced their home loan as they were struggling with cash flow prior to coming to Your Focus.

They currently have a $350,000 home loan and are making repayments of $2,933 per month at a variable interest rate of 9.46%.

As they wanted to start a family in the next few years, it was important for them to be able to pay off as much off their debt within that period.

With living expenses of $4,500 per month, together we began goal setting and implemented some effective debt reduction strategies to help both John and Sue begin achieving their Mortgage Elimination goal.

Through our service, instead of paying in excess of $700,000 in interest, we were able to put a plan in place to save $529,358 in interest repayments & 20.8 years off their loan. This meant that through effective coaching and regular reviews of their situation, they should be debt free in 9.2 years.

Your Focus referred John and Sue to a financial adviser to assist them with their wider financial needs and to make best use of the large interest savings.

Richard and Margaret have two young children with a beautiful family home valued around $850,000. Richard has been extremely successful throughout his working life and earns an annual gross salary of $300,000. As Richard wants to be able to continually provide for his family, both he and Margaret realised that to achieve their lifestyle goals, they had to overcome the biggest barrier, that being the elimination of their $600,000 mortgage.

Knowing that he needed to keep his monthly living expenses of $8,000 in check, he came to Your Focus for a free consultation and has never looked back since.

With monthly commitments to the mortgage of $5,028 and the value of the service we were able to provide, including the monthly reporting of spending against their budget, Richard and Margaret were able to save $812,730 in interest repayments and 18.2 years off their home loan.