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 Housing loan is scary

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Mavik
post Oct 10 2023, 09:35 AM

Patience is a virtue
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Elite
7,826 posts

Joined: Jan 2003



QUOTE(robotking123 @ Oct 10 2023, 09:28 AM)
Loan 350k
Today outstanding: 320k
Already served 6 years plus, 1500 monthly

6 x 12 x 1500 = 108k
108k - 30k = 78k

Bank already earned 78k interest from me, bloody hell
Gov should do sthg, how can house loan be so expensive...
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That is why there is a movement where people prefer to just rent then own a property. Gives them a lot more freedom.

 

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