Mortgage Genius Plan ®

The Mortgage Genius Plan is a flexible, customized mortgage management plan. It’s designed for people who want to pay off their mortgage faster and save on interest by using an optimized repayment structure. Instead of following the traditional 30-year repayment schedule, the Plan allows you to make the most of any extra income or savings you may have, helping you to become mortgage-free sooner.

How Does It Work?

1. Detailed Financial Review: We work with you to create a budget that covers your income, savings, expenses, and financial goals.
2. Personalised Loan Strategy: If eligible, we build a customized loan structure using flexible mortgage options like offset or revolving accounts to lower your interest costs.
3. Proactive Management: We review your Plan yearly, or more often if needed, to keep it aligned with any changes in your financial situation, income, or goals.
4. Savings Optimisation: By keeping repayments consistent, especially if interest rates drop, you can save more on interest and shorten your loan term without increasing your monthly payments.

Who is the Mortgage Genius Plan Suitable For?

The Plan is ideal for:

• Homeowners with stable income and strong saving habits.
• Those aiming to pay off their mortgage faster without increasing monthly payments.
• Individuals who can set aside savings for loan optimization while maintaining their current lifestyle.

Who Should Avoid the Plan?

The Plan may not be suitable if:

• You find it challenging to save consistently after covering living costs.
• You have other financial priorities for your savings.
• You are not comfortable with structured financial discipline.

Key Risks and Limitations

We want our customers to be aware of the following potential risks:

• Interest Rate Changes: Your interest rate may fluctuate, affecting monthly payments and savings.
• Income Changes: Variations in income could impact your ability to maintain savings or offset accounts as planned.
• Loan Policy Adjustments: Changes in lending policies may affect your ability to consolidate other debts into your home loan.
• Unexpected Financial Changes: If you experience income loss or incur new debts, it may limit the Plan’s effectiveness.