Using this example, lets say the repayment is monthly, after the first repayment of the P&I loan, the loan will have been amortized more than if...
Thanks Terry, so for the sake of example, lets say loan $500k, $100k in offset, 5% rate per year, 30 years term, daily interest will be ($500k -...
Thanks for the responses, I should have asked the real question though, which one will save more interest on a daily basis? For IO the calculation...
If I have 2 investment loans, one interest only and the other principal and interest, and assuming they both have the same interest rate, is it...
Learned so much from PC! Thanks for the great work you guys do! It's a great community with lots of good and well-intentioned people.
Couldn't agree more. You need to check with a good broker before anything else. I can 100% vouch for Jose and Redom. Don't know Michael but heard...
Agree that it's sticky, but I respectfully disagree with needing to go that high. Retail figures look dismal already, consumer confidence has been...
Curious to understand your thought process. For me it looks like we're very close to a recession, but this is just my humble opinion based on the...
Thanks everyone for this thread, learning so much from it! I think we'll need interest cuts next year, the indicators don't look great at all. Or...
Tks. @Jose Eduardo Slompo Who's the PM?
Congrats @Jose Eduardo Slompo and thanks for this thread, I learned so much from reading it. Keep up the great work, looking forward to your posts...
Thanks a lot!
@kacheek do you mind sharing who your PM is?
Well done on your journey! What's the thinking for buying in WA?
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