I picked up on a note on the in magazine notice board in Investor March 2010

It simply stated that a dollar saved is worth more than a dollar earned. The simple reason being that the saved dollar earns interest. The example stated showed how $1 saved became $2.16 ten years later if invested to compound at eight percent. If you were looking at thousands of dollars invested obviously the result is that much better.

What I liked about this notice was it so clearly demonstrated the virtue of saving but just as clearly illustrated the power of compounding.
 
Unfortunately this same law of compounding occurs in reverse when people borrow money for cars, houses and lifestyle expenses. That’s why people typically pay for their house two and half times over.
   
Our Equitus solution is to work with our clients throughout their mortgage term to enable them to use banks tools to offset interest and compound what they save at lender’s rate of interest. In the ten years we’ve been in business we have saved many millions of dollars of unnecessary interest for our Canterbury clients.

The great news is that turning debt interest into savings is not too good to be true but totally doable when you use the Equitus mortgage management program. The Equitus mortgage management plan is custom designed to work to advantage our clients through time and their changing circumstance. This is because our programme is supported by our monitoring expertise (software specific) and through consistent mentoring interaction with our clients through time.

Contributor: Linda Hart