Media Release July 09

Beware the Refinancing Traps

Steve Armstrong from SKSystems has helped people get out of debt for 8 years. He has noticed an increase in people wishing to switch loans to get the best rate, but he cautions them from taking this path as many thousands of dollars in interest payments already made can be lost when switching loans. Brokers and finance companies are only too happy to arrange these loans, and do not point out or perhaps are not aware of the true costs involved.

Instead of refinancing Steve says often the better path is for people to identify their debts and work with their existing loans to find the best and quickest way to rid them of that debt. If people are serious about saving money they should first find out where they are spending it and source safe and inexpensive ways to make the most of their money.

SK Systems has clients who would have lost between $20,000 and $30,000 if they refinanced. They are relieved and excited to be able to save this money and much more whilst working with the system developed with the express purpose of “setting you financially free”.

SK Systems is excited to announce the release of a new product called the Current Reality Challenge. If homeowners take this challenge available free and by emailing it back to admin@sksystems.com.au they will have a clearer understanding of the strengths and weaknesses of their finances and be on track to make the most of their money and achieve financial freedom.

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