Otton Shares Strategies to Help Aussies Make Loan Repayments Without Touching Superannuation Funds

Online, September 20, 2012 (Newswire.com) - According to the latest data from the Australian Government's Department of Human Resources, a number of mortgage holders are still struggling to complete their mortgage payments even though mortgage lending rates are continuously falling out - averaging at 1 percent per month in recent months.

To avoid foreclosure as well as eventually being tagged with bad credit, homeowners requested for emergency access to their superannuation savings. In the financial year ending June 2012, 6,500 homeowners were granted access based on the most recent figures from the Government.

Unfortunately, this couldn't be the same for those homeowners who don't have enough equity in their properties as well as those who owe more than what their home is worth in the current market. "Their situation is a lot more difficult and it would be a struggle for them to gain access to their superannuation savings, if there are still some left," Australian property expert, Rick Otton said.

Alternative and Creative Options

Rick sincerely believes these individuals could still get out of their situation without losing a lot of money. "There are creative and alternative strategies to consider in completing loan repayments aside from their superannuation funds. One alternative is to find someone else who can take over their loan, allowing them to easily walk away without tarnishing their credit history with a bad reputation," Mr. Otton explained.

Aside from these, Rick Otton also shares other property investment strategies for Aussies to easily buy and sell homes even in challenging markets and help them easily complete their loan repayment. These strategies are also explained in detail in Rick's recently released book, "How To Buy A House For A Dollar".

Recent reports show continuously increasing applications for superannuation withdrawals, which is becoming alarming as it means people don't realize the other opportunities and alternative strategies they could implement to help them get out of their current financial constraints.

Mr. Otton has observed that, "Most people only become aware of the other ways made available for them to purchase properties after their banks reject their loan applications. If they know about these alternative strategies now, they could skip the part where they actually go and apply for loans. I know they work because I've been teaching my students about them for years and together we've already helped lots of aspiring homeowners get into their own homes without using any of the traditional real estate strategies", Mr. Otton explained.

One of the many regular individuals who became property investors and found wealth creation from real estate investments is G. Thomas from New South Wales. He started out as a developer and ended up learning about negotiating and fixing people's real estate problems after he met Rick. "Now I'm able to go out and fix other people's problems, which has also created a great income for myself!" Mr. Thomas proudly said.

"When they have used all their savings including the funds they've withdrawn and they're still in the same struggling financial situation, they would either lose their homes or be left with depleted superannuation funds. What they need is not an easy way out but an alternative solution that would help them get out of their financial problems and be able to save their good credit standing", Mr. Otton said.

You can catch Rick in his free one-day training events, details of which could be found at http://www.howtobuyahouseforadollar.com/register.