Plantechhub offers the capability to help clients examine their current debt as part of a full long term financial plan. Debts may be linked to real assets to track the debt pay down and elimination from the proceeds of the asset sale. To simplify debt entry, the user may elect to allow the monthly payment can be estimated by the system. The advanced goal capabilities allow for debts to be attached to goals when those goals are typically associated with financing like purchasing new homes or vehicles.
The annualized payments for all debts are automatically included as an expense in the cash flow and the system ends the payments as applicable once the debt is completely paid based on the interest rate and starting balance.
Mortgages and other secured loans may be linked to real assets. The timing of the sale and proceeds from the sale of the real asset will be used to pay off the associated loans.
A number of metrics, ratios, and charts are available to track and judge the success of debt reduction as part of the financial plan. The Net Worth details and charts allow the user to easily view the debt balance projections along with associated real assets.