Mortgage Calculator

The Curiosity Only To Principal And Curiosity Dilemma





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46 comments

  1. There is no problem. The currency is fiat and the credit suckers are lunch for the mob.

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  2. Youll have the CIA coming through your back door if you keep up with the new global currency message.

    The US dollar as the currency of settlement and that which all oil is purchased is the jewel in the imperial crown and is protected by any means necessary.

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  3. Don't worry, you'll find jobs and hours. I was just walking up a main street about 600 metres long and I saw 24 shop fronts for lease. And this is in a happening place with HEAPS of projects in a holiday destination.

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  4. 'Problem' is an understatement if ever i heard one! And don't you mean 'Irresponsible lending standards'? language is key!

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  5. 1:31 Multiple jobs? So much for financial FREEDOM through property. More like a debt trap.

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  6. it seems a lot of people think they are safe in a major melt down.
    it might time to do a post on the govts real power's.
    taking into account they have another 4 years to do what they want.

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  7. With your monthly live night, could you start to graph your percentages for the scenarios? I feel you've been doing it for a year, an be in interested in seeing a trend of your views. Maybe I'll try do it myself tonight.

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  8. Its proving to be a non issue, going from around 5% io to 3.7% p&i is very manageable. Some over zealous investors may get burned but it really has been managed by the banks pretty well

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  9. I would like to see how interest only loans work with negative interest rates; I would get a loan and at the end the month go to the back and ask for money they have to pay me for the negative interest on the money they landed … LOL 😀

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  10. This feels like our adjustable rate mortgage situation, might produce a good buying opportunity from forced selling

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  11. @walktheworld Martin, do you calculate that investors and home owners spend about 2-8 cents per dollar they make on their property investment? And have you done any measures on this area and how it flows and in the near future slows as properties don't go up and that money won't filter into the broader economy.

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  12. It was the Scottish author Charles Mackay who spotted that human beings go mad in crowds and come to their senses slowly and individually.

    One place to see this madness in action is in financial markets – especially when those markets have been juiced with cheap money.

    But manias’ never last, and in fact, daily, more and more people have stopped drinking the Kool Aid and have started joining the dots the reality of how the world really works…

    Host Ross Ashcroft is joined by the author Charlie Robinson to discuss how far the tentacles of vested interests really reach to maintain the status quo.



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  13. Does 'sell other property' include selling the investment property or does that category only cover boats and cars etc.

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  14. @walk the world, what does Robert Kiyosaki think about the Australian housing market and the US housing market? He might want to talk to the Australian audience. Recently he talked in Catalin Matei platform to promote his book.

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  15. I remember George Bush Jr applauding a lady in an audience saying that she was a great American because she had four jobs……is this where we are going? All work and no play….just to pay the house…..what about our kids …stuck in daycare all day till late or just one parent at home and never seeing parents together…to me this is not the Australia we should want.

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  16. By Feb 2020, the only problems will be heat, food and oxygen.

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  17. Spring is in the air, but it won't be pretty red roses for some, rather some loans red, hey what the heck, the majority of them are investing, in the realty market and you know what they say about that, the biggest risk is not taking one!!! I'm only sorry for the first time home buyers. My advice? Don't stand under the fan this summer, the shit is approaching.

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  18. This is not going to be pretty.

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  19. Martin, everyone said 12 months ago what your saying today. Let's look at the most probable here being most investors refinancing with other banks if forced to go P and I. There are so many lenders out there that will take on investors debt and can go IO for atleast 2 years. This seems to be what the saavy investors are doing atleast. Further mortgage stress is not mortgage default actually vastly different. Aussie behaviour towards debt is actually more centred around paying mortgage first as a priority and other household things second. Yes people may be spending more then they earn but this is yet to equate to mortgage defaults. Greatly different in my opinion and from what the banks default reporting rates are

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  20. Thank you.

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  21. waiting for almost 2 years for the market to crash.

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  22. I actually thought the number would be higher. Still a very high number though.

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  23. Martin do you have median mortgage amount? i.e. 124,000 loans x 500k would be 62 Billion dollars in loans going to P&I !

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  24. The honeymoon period is over. Now it's time for stark reality.

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  25. Thanks Martin, interesting info here mate.

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  26. Just in time for the world premiere of "Nothing To See Here". This time there will be no curtain call.

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  27. who in thier right mind would pay off principal when land registry has not registered one on the document as consideration. Martin i will send you proof.

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  28. Great presentation. I'm sure others will be forming their opinions after watching this….with around 4 more years of the same I can't see a large improvement in the economy soon…eh?

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  29. Better than interest only. Pay only the 10% down payment and hang on to the property for 10 years. Sell and make 20× your down payment.

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  30. Does anyone have any idea what portion of NZ loans are interest only (ball park)?

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  31. This is disturbingly close to the scenario that lead to the 2007 GFC…though much smaller scale

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  32. Higher rents to pay for their P & I loans, they're effin dreaming with flat wages.

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  33. Tsunami warning

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  34. Core Logic states house prices increased in Sydney and Melbourne.

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  35. Good luck with ramping rents when dog boxes flood the market or getting additional income sources. These people are so deluded.

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  36. You can make loans free, but people can’t take on more debt where they lack the income to repay principal, and the value of their existing real estate is stagnant and falling. Flat wages and falling revenue among heavily-indebted populations are problems that central banks have helped to make, but cannot fix.

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  37. 13 Lucky ehh

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  38. Likely people will be able to keep IO going, especially for owner occupiers. Nobody wants forced sales of family homes if it can be avoided, and for many it can with continued IO.

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  39. Smash that like button sweeples.An old saying,if you’ve got an itchy hand your going to get something.if you’ve got an itchy pecker you’ve already got something.

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  40. 124k loans rolling over seems like… a lot. Especially with a 25% cost increase. It's the sort of decreased spending that can bring on a Recession.

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  41. Interest only is like Negative gearing – ONLY WORKS WHEN YOU GET CAPITAL GROWTH – Good luck with that.

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  42. 23rd,yeah

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  43. Interest only is totally fine because the property will go up in value like a rocket. By the time you have to roll it over to principal and interest you can sell it for 3 times what you paid. So essentially you will never have to pay p and i.

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  44. 1st!

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  45. First

    Reply

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