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633 mortgage broker q&a (market update, using equity, refinancing, loan structures, FHB & investors) + more

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The Importance of Investing

When you look at a loan amount of, I'm just going to do an example, 450,000 principal and interest at 6%. It's about 2700 a month. If I change that to interest only, it's down to 2,250 a month. So it's about what's at 500 or 450 a month difference. And as you mentioned before, if you've got that across three or four properties, that's a lot of money that you can be putting elsewhere. That is completely right. But it's not a one size fits all.

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