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 Housing loan is scary

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teslaman
post Oct 10 2023, 09:44 AM

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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...
*
borrow 100k, fully paid add 200k thats normal.


unless you convert into 4 year loan

not scary, just your income small

 

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