Frequently Asked Questions
What is Mortgage Gone?
Mortgage Gone is a unique lending product that supports home owners to grow their investments – all while paying a very low rate on their mortgage!
• Enables you to pay off your home quicker
• Helps significantly reduce your tax bill each year
• Gives you the opportunity to build an investment portfolio and grow your wealth
• Allows consolidation of debts such as personal loans and credit cards
• Provides cheaper commercial lending for business owners
• Is a perfect way to boost Superannuation at a low cost pre-retirement
I don’t know if this next paragraph is at all necessary?
It is licenced through an ATO product ruling, and helps the home owner/property investor own their own home sooner, and create financial and borrowing flexibility for further investment to build their wealth.
This sounds too good to be true
That’s because this is the most innovative lending product in years! It’s definitely true though, and operates under an Australian Tax Office (ATO) Product Ruling (PR2017/6).
How does it work?
Based on the principle of ‘good debt’ that is wealth generating, and ‘bad debt’ that is not, this product allows you to shift the interest repayments for your home (a ‘bad debt’) into income generating ‘good debts’.
This provides significant tax advantages, all while allowing you to build wealth and pay off your home sooner.
Why isn’t everyone doing it then? Why haven’t I heard about it from my bank/mortgage broker?
Mortgage Gone is a specialised product only available to home owners/investors.
It is only available through a very small number of brokers licensed through the ATO ruling PR2017/6.
Chances are your bank or broker doesn’t even know about this, or they simply may not understand it.
And if they’re not accredited to offer this product through the ATO ruling, banks are going to do everything they can to ensure you don’t hear about this!
Will this have anything to do with my Superannuation?
No – although we’re often asked that because we’re best known in the industry for helping everyday Australians buy investment property using their Super.
We also provide a variety of services to help people build wealth, that allow them to buy property at a low interest rate (to live in OR as an investment), property coaching advice, property management, mortgage broking and financial planning. We provide all of these services under the one roof!
Our Mortgage Gone division is separate to any of the services we provide relating to Superannuation.
It is specifically to help home-owners pay down debt through strategic investment – all under an ATO product ruling.
Have more questions?
Everyone’s situation is different, so arrange a call link to form and we’ll answer any questions specifically relating to you.