Loans can be a pain especially if they linger on for long!
Chris Raymond makes a comeback on Help me Buy Property Podcast to discuss 6 proven and effective strategies for paying off loans faster.
Apart from the strategies, the discussion revolved around the importance of payment frequency, debt consolidation, prioritizing high-interest loans, utilizing lazy equity, and investing through superannuation.
We also explored the benefits of SMSF loans and the strategic use of interest-only loans for investment properties, while emphasizing the need for a tailored approach to personal finance and the importance of regular negotiation with lenders.
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Episode Highlights:
- 00:00 Welcome to Help Me Buy Property Podcast
- 03:02 Introduction to Loan Repayment Strategies
- 11:04 Understanding Debt Consolidation
- 19:12 Investing Through Superannuation
- 26:48 Interest-Only Loans vs. Principal and Interest
- 33:22 Final Thoughts
