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The Property Podcast

ASK28: How do I pay off my interest-only mortgage?

The Property Podcast

Rob Bence & Rob Dix

Investing, Education, Business News, News, Business

4.82K Ratings

🗓️ 8 March 2016

⏱️ 7 minutes

🧾️ Download transcript

Summary

This week on Ask Rob & Rob, Jacob asked: How do I pay off my interest-only mortgage? With an interest-only mortgage, your debt is never paid down, so what do you do? The answer talks about inflation, and how it can reduce the value of your debt,

Transcript

Click on a timestamp to play from that location

0:00.0

Hello I'm Rob and I'm Rob and this is Ask Rob and Rob.

0:04.6

Hello yes and we are back for episode 28 of Ask Ron Rob. Welcome. We are the people

0:16.7

you submit your questions to and we answer them. Quite simple really simple

0:21.2

format and Rob simple to put the questions to us.

0:24.2

Yep, very much so.

0:25.0

Two ways of doing it depending on where you are.

0:27.2

So if you're at your computer,

0:28.6

you can just go to the Property Hub.

0:29.8

dot net slash podcast.

0:31.5

You'll see a box on there that you can just click chat away into your

0:34.7

computer looking like a bit of a weirdo to people around you but by magic that will be

0:38.2

sent over to us and we'll answer it on the show. Alternatively if you've got your

0:42.2

phone in front of you just pick it up and dial

0:44.3

oh one three eight oh eight triple oh 35 that's oh one three eight oh eight

0:49.9

triple oh 35 leave us the voicemail and we will get your question answered.

0:55.5

That is what Jacob did, a man with a very deep voice from very far away.

1:00.0

Let's listen to Jacob's question.

1:01.6

Hey Robin Rob, my name's Jacob from New Zealand here.

1:06.0

I've been listening for maybe close to about six weeks and I came across an episode

1:11.0

about inflation and mortgage debt, sort of more about how inflation erodes

1:17.2

debt and what not, which I found fascinating.

1:21.1

And I do have a question though about interest only mortgages and what would happen.

...

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