Setting goals , be they -short term, medium and long term is the key for success, whether it is in

your sports, personal , or business life .

Reference: mortgage arrears

When people are faced with cash flow issues, be they mortgage arrears, credit card debt, which can result in

basic bad credit ratings it is important to have goals.

It is recommended to engage a Professional adviser to assist with this Goal Setting taking into account the

following items The goals need to be –

* a short term fix is to deal with the immediate issues * with the medium goal is to stabilize cash flow * and the long term goal is achieving a financial position where you are able to manage your financial affairs with ease.

The first step we believe , for example is for the short term goal to deal with all of the immediate issues that are

affecting your financial circumstances , especially when it comes to the credit card debt and your mortgages.

This is an over whelming crisis but restructuring your finances that reduces your monthly outgoing is the first

step to stabilizing and moving on to the 2nd or medium goal.

For example, the first step may be used to ensure that the credit cards balances are negotiated and your mortgage refinanced to combine one single debt , which in turn will reduce your monthly

commitments and allow you to stabilize your financial affairs.

The medium goal could be , for 18 months at least , is to execute discipline and focus on your financial affairs and also to be aware

and learn from the mistakes of the past.

The third component which hypothetically is the long term program and by then being able to move to a mainstream lender with highly competitive rates to ensure that your monthly commitments are

reduced even more.

Many people lose sight of the fact that the initial refinance is just the first step to getting back on track with your commitments in

loans and general.

Chairman Mayo Quote “ The longest journey starts with the first step “

To learn more about mortgage arrears visit us at www.fundsnational.com

or call (03) 8696 6300

us today!