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Originally Posted by Darran
I haven't investigated it properly, so thats just a guess. For what I want to borrow, the repayments would be around $1300 p/m working on borrowing $250,000.
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That's what I am paying off at the moment myself .... I have borrowed the same as well. I was lucky to have just under 50% deposit on my place as well ... so i am hoping to have it paid off as quickly as I can.
Man if you had a 50 year loan ... you'd be spending all of your Super just to get the loan paid off ... and you'd have nothing left after pension as well .... You might even be dead before it's all paid off ... no thanks.