Mortgage Repayment Terms v.s. Documented Terms ... What Investors Need To Know | Ep. 435
The Property Academy Podcast - A podcast by Opes Partners
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In this episode, we discuss the difference between the term / timing that a bank will document a loan over to calculate minimum repayments and the actual term that you pay the mortgage back over. This is important for investors to get their head around, because if you increase your repayments and allow the bank to shorten the documented term, then you will hurt your ability to get further lending for investment properties. Have a podcast topic or an idea for a show? Or perhaps just want to chat? Send us a text. Our number is 5522.
