euro73's Recent Activity

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  1. euro73 replied to the thread Correction over?.

    Yeah it's inflexible...but that's kind of the point. They wanted a robust floor rate ( 7% P&I) that ensured DTI's land at or around...

    25th Apr, 2019 at 4:13 PM
  2. euro73 replied to the thread Correction over?.

    The gap has closed for sure. I think that's a really fair observation you've made, but I don't think its closed enough to be confident...

    24th Apr, 2019 at 6:41 PM
  3. euro73 replied to the thread Effects of paying Extra Principal repayments at the Beginning of the lifetime of a mortgage.

    ts not so much about the return of each dollar, but the opportunities debt reduction opens up through improved access to equity and...

    24th Apr, 2019 at 3:42 PM
  4. euro73 attached a file to the thread Effects of paying Extra Principal repayments at the Beginning of the lifetime of a mortgage.

    On a 25 year P&I loan you are paying more interest than principal each month until month 176 - ie 14.7 years [ATTACH] On a 30 year...

    Screenshot 2019-04-24 10.25.12.png Screenshot 2019-04-24 10.26.14.png Screenshot 2019-04-24 10.27.27.png Screenshot 2019-04-24 10.28.43.png Screenshot 2019-04-24 10.32.41.png Screenshot 2019-04-24 10.32.53.png 24th Apr, 2019 at 10:43 AM
  5. euro73 replied to the thread Income Protection Insurance Question.

    Was. But I switched to One Path about a year back... . For double the coverage, I'm paying only 10% more than what AMP was charging me....

    24th Apr, 2019 at 1:26 AM
  6. euro73 replied to the thread Effects of paying Extra Principal repayments at the Beginning of the lifetime of a mortgage.

    Nothing wrong with offsets at all, but ultimately the loan needs to be reduced to see improvements to borrowing capacity. We should...

    23rd Apr, 2019 at 3:33 PM
  7. euro73 replied to the thread Effects of paying Extra Principal repayments at the Beginning of the lifetime of a mortgage.

    I like making permanent, never ending big money, rather than fast one off's. :) The one off's are nice for sure - but they are going...

    23rd Apr, 2019 at 12:17 PM
  8. euro73 replied to the thread Effects of paying Extra Principal repayments at the Beginning of the lifetime of a mortgage.

    You may be missing the bigger picture. Removal of the non income producing non deductible debt ahead of schedule is worth far more than...

    22nd Apr, 2019 at 10:56 PM
  9. euro73 replied to the thread Build to Rent Tax Policy.

    I don't believe it is westmyfster - I believe it's just part of Bill's wider housing policy and that there may also be an NRAS 2.0 ( or...

    22nd Apr, 2019 at 6:59 PM
  10. euro73 replied to the thread Lessons from the downturn - when development goes wrong.

    You might have been better served making extra repayments on your mortgage :)

    22nd Apr, 2019 at 12:10 AM
  11. euro73 replied to the thread Health & Family I Have Enough.

    You are absolutely right about the compounding wealth effects of extra mortgage repayments. Accelerated repayments save you a lot of...

    21st Apr, 2019 at 8:25 AM
  12. euro73 liked Lizzie's post in the thread Strata apartment committees run by retirees.

    Same scenario it appears - the older voters don't want to spend money on maintenance for the entire joint

    19th Apr, 2019 at 1:13 PM
  13. euro73 replied to the thread Property chat election time!.

    Or......others may say ...... Poor country - it has the worst guy in the job.

    19th Apr, 2019 at 1:12 PM
  14. euro73 replied to the thread Emergency fund – how do you work out what you need?.

    10K buffer per property

    18th Apr, 2019