What does a bank tell you when you apply for a property mortgage?
You will have a Principal and Interest (P&I) Loan!
Am I right?
- Well, the reason for this is… let’s say you take a loan for $400,000.
- It will take you 19 years to pay the INTEREST back to the bank. This is how they make their money. So you will effectively pay back approximately $467,000.
- You then pay back your borrowed amount in the remaining 11 years of $400,000.
- So all up you pay $867,000 if you don’t make any additional payments.
Let us show you how to structure your portfolio and fast track paying off your mortgage!
This means saving hundreds of thousands of dollars that “GOES BACK IN YOUR WALLET”.
Contact us now for a free consultation.