“Re-amortizing your loan back over a 30-year term ... you’re going to pay more interest over the 30 years, right? ... reduce your repayments down”
Pat Noll · Equity Mates Investing Podcast · Ask An Adviser: Where property is heading, debt recycling and the future of rentvesting with Pat Noll
Play from 40:21
40:21
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What was described
Re-amortized a 25-year loan to a 30-year term to lower monthly repayments
25-year to 30-year term
Said nearby on the same subject
“At 5.3% for a 30-year mortgage… $1 million mortgage is a $2 million repayment… if the bank of mom and dad gives you $100,000 you only need a $900,000 mortgage… you saved $200,000”
SK
Simon Kirstenmacher
Demographics Decoded - Unveiling the trends shaping your future ·
Data play5.3% interest rate, $1 million mortgage, $100,000 gift, $200,000 savedShare this moment
“Don't make 30-year investment decisions based on the last 30 minutes of news... develop a kind of deliberate ignorance about short-term noise.”
MY
Michael Yardney
Property Investment & Wealth Creation Australia | The Michael Yardney Podcast ·
“Go revalue your property, lock in that equity, get it on an interest only loan ... you can reset the interest only term after five years ... that locks in 10 years, a full decade, of access.”