HOW KARL MIFSUD’S HOME LOAN MINIMISER IS BECOMING AUSTRALIA’S SOLUTION TO EASE TENSION OF SOARING MORTGAGE INTEREST RATES
Rising inflation rates in Australia are a cause for concern among economists and experts are saying the country is heading for a debt trap. At the end of the second quarter, inflation rose
to 6.1%, the fastest annual pace since 2001, as consumers forked out more for everything from fuel to food.
Home Loan Minimiser inventor Karl Mifsud is particularly concerned that the current inflation and rising interest rates would make it difficult for Australians to repay loans, leading to an inevitable financial crisis. While the Reserve Bank of Australia (RBA) closely monitors the situation, analysts warn people, especially borrowers, that things will get worse before they get better.
WHAT THIS MEANS FOR THE HOUSING MARKET
The Australian economy is in a period of sustained economic growth, but this has come at a cost. Inflation rates have risen sharply, eroding the purchasing power of Australians which makes basic needs even harder to attain. This is especially apparent in the housing market where prices have increased rapidly.
Homeowners are feeling the pinch as their mortgage repayments become more expensive. Some are forced to sell their homes as they can no longer afford the repayments entirely. Others turn to refinancing programs to ease the financial burden as it offers a way to reduce these repayments by taking out a new loan with a lower interest rate.
There are several benefits to refinancing, such as accessibility to equity in the property and loan term extensions. Unfortunately, this means people will still pay for their mortgages well into retirement.
IS THERE NO OTHER WAY?
People have been conditioned by society to stay in debt until retirement age, as it has been the status quo and the most obvious way to achieve the Great Australian Dream. Unsurprisingly, people find it difficult to imagine being able to pay off a home loan in less the time it normally takes. Karl Mifsud aims to break this psychology and redefine the way Australians think through his courses, like the Home Loan Minimiser, a patented innovation.
One consultant and auditor for a mortgage bank says, “Mifsud’s courses like the Home Loan Minimiser benefit Australians by allowing them to take advantage of tax benefits and interest-free credit, applying extra money towards their mortgage payments. It substantially cuts the time it takes to pay off one’s mortgage.”
After years of digging deep into mortgage, financial planning and accounting, Mifsud developed a tool and several courses like Invest like a Pro that enable people to re-appropriate income and expenses. He says that there’s so much inside knowledge to share to people that he intends to develop more modules to address different needs and pain points.
His hero course, the Home Loan Minimiser can help identify additional payment amounts determined by tax credits, which enables people to adjust their amortisation schedule to include these extra payments.
This improved methodology is so revolutionary that the government has granted it a patent. Analysts believe this will change the homeownership landscape and help millions of Australians relive their dream of buying homes.
While the principles he teaches are revolutionary, Mifsud points out that the straightforwardness of his approach makes it effective. He shares, “The truth is, if people follow what I’m teaching, it will change their life. They will pay off their home loan well ahead of the original 25 or 30 years and create a property portfolio of income-generating assets that will replace their income upon retirement.”
Remaining true to his vision, Mifsud now offers his courses and modules to Australian homeowners who wish to challenge the status quo via the Home Loan Minimiser’s official website.
