“If the rates are up 50%, we'll go interest only for five years. And basically hope in five years when the loan expires, rates will be back”
RB
Rob Buccini
The Macro Dirt Podcast ·
“Worst case you're reviewing this every 12 months. But when a crisis hits or a perceived crisis hits, we need to address all of it and just get certainty in our life and control the controllables.”
John Pidgeon · money money money · 944 how to recession-proof your money: 6 things to do now
Play from 23:27
23:27
Audio streams from the publisher’s own feed. Verbatim does not host or copy it.
What was described
review mortgage and other loan details at least once a year and again during a crisis, contacting a mortgage broker to check current rate and explore switching to interest-only payments
6.2% interest rate mentioned; 12-month review interval
Said nearby on the same subject
“…there's three corners… mortgage broker, builder and designer… one can get ahead of the other and leave the other two behind… we need to be all on the same table.”
♫
Said on this is property
“Credit cards, mortgage, second mortgage, third mortgage. Like, my company got to $200 million before I took a loan from the bank.”
♫
Said on Founder's Story
“Mortgage rates are at 7.6. As of this recording, they were 6.3 a year ago”
DM
Dave Meyer
BiggerPockets Real Estate Podcast ·
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