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Dean Casutt’s Summary
Dean Casutt - New Mortgage Freedom Program Launched - Pay Debt Down Faster Without Increasing Payments
Vancouver based Samuel Harris Financial Planning announces a revolutionary new product which helps people consolidate and pay off their current debt and mortgage faster without increasing payments.
"Not only that, but it helps jump start savings for late starters by creating an investment on the side and also creates tax refunds for the client. It's an all win situation," said President Sam Harris.
The company has been looking for some time to find a program to help the Baby Boom generation get their finances in order. The problem being that 60 -- 70% of people cannot afford to save and invest anymore than they are currently doing because of high outgoings and too much bad debt. Like many financial advisors and analysts, Harris believes this will become a huge problem down the road because the illusion that the average company, or private pension will be enough to retire on is simply not true.
"This problem is not going to go away and few people are tackling it."
"We looked at all the options and by far this was the most exciting product we found - there is nothing else like it at the moment in North America," Harris added.
The uniqueness of the program is only surpassed by its simplicity. It consolidates all the debt and slowly switches all the "bad debt" into tax deductible "good debt" over the period of the mortgage - using a small piece of equity from the client's home as a catalyst. The mortgage is usually paid off 2 --4 years sooner.
The software used, will show any prospective client exactly how much he will save in taxes over the period of the mortgage and also how much extra cash he will have in a free and clear investment at the end of the program. This, the company believes, is the key - the client ends up with a pot of cash to supplement his or her pension.
