618 what not to do in a rising interest rate environment + more
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The Risks of Interest Rate Rises
If I'm paying principal interest, you would see what the principal repayments have been made over that two year period or three year period. And then you might forecast on 2%, and then 4%, and then work it out that way. Some of the old school banks and lenders will want to guarantee their whole property even if they are just guaranteeing an $80,000 stake of equity. So just chat with your mortgage broker and just get the right strategic advice from them.
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