“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”
PN
Pat Noll
Equity Mates Investing Podcast ·
“You can refinance your 30-year term into a 40-year term. That obviously helps with lowering your repayments”
Granite Home Loans · The Adviser Podcast Network · In Focus: Extending property ownership reach
Play from 4:50
4:50
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What was described
refinance existing 30-year loans into 40-year loans to lower monthly repayments for borrowers
Said nearby on the same subject
“They're going to change things like 40-year loans and how much shading they do in borrowing capacity calculators. So we see an increase in credit.”
♫
Said on Personal Finance with Ravi Sharma | Australian Finance & Property Podcast
“Loan split… $500,000 non-deductible home loan… put $100,000 into the loan, split it into $400,000 or $100,000 and then go invest $100,000 in shares”
PN
Pat Noll
Equity Mates Investing Podcast ·
“I told my dad, hey, you made $100,000 profit… the profit's not sitting there in your bank account… it's gone into stock and loan repayment.”
LA
Larkin Agrawal
The CFO Track ·
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