Finance and Debt Management
If you get your debt right, financial security will follow.
That’s why we make debt management a key part of your financial plan. It is one of the first things we look at for all of our clients.
Debt touches most things that we do. Few of us buy homes without taking on a mortgage, and even fewer can afford to make an investment without any debt.
But it is not just this ‘big debt’ that matters. There are other types of debt as well. Who doesn’t have a credit card (or three)? Or a car loan? Or even a HECS debt that needs to be repaid? Managing these debts properly adds significantly to your ‘bottom line.’ When you save money on debt repayments you free yourself up to move forward somewhere else. The money you save can be used to make extra super contributions, to seed an investment, to upgrade your home or just to do something nice like take a holiday or eat out a little more often.
And it is not just a matter of minimising interest. We help you ensure that your loans are structured properly, so that you can optimise everything else that debt touches. This includes things like tax deductibility, asset protection, repayment prioritisation and personal maintenance.
We can also provide credit services to organise home loans, investment loans, reverse mortgages, LRBA loans for SMSFs, credit cards and all other forms of debt. Our credit services are all provided under the authority of a licenced credit provider within the Australian Credit Licencing System.
Director, Financial Planner, Mortgage Broker
Barry Lynam is the owner and operator of Barry Lynam Home Loans and Financial Services and Hibiscus Coast Financial Services Pty Ltd in sunny Mackay. He has been a Mortgage Broker for 12 years and has been actively involved in the finance industry for over 40 years. Barry offers a wide range of residential home loans and personal loans. In addition to this Barry is a fully qualified financial planner operating as a Corporate Authorised Representative of Axies Pty Ltd (a subsidiary of Spark Financial Group), offers advice about life insurance, trauma insurance, income protection, superannuation and investment advice.
Barry’s goal is to provide quality advice and then meet his clients’ goals and objectives so they can purchase their owner-occupied home or investment property with confidence. Barry will then also give the risk advice to protect the family and income.
Financial planning is a process of managing your finances to help you make the most of your available funds to achieve your goals and is totally committed to assisting his clients to terminate their mortgage and other personal debt while building wealth for their future; with appropriate protection in place should the unexpected occur.
Barry believes that the key to financial security is planning and commitment and will tailor a financial plan and provide ongoing personal coaching designed to offer the peace of mind to enjoy life now while building financial freedom for tomorrow.
Barry Lynam is an Authorised Credit Representative No 365748 of Ballast Finance Pty Ltd CAN 087051750 Australian Credit Licence Number: 366520
Barry Lynam is an authorised representative (343057) of Axies Pty Ltd (AFSL 339384).