Mortgage repayment increases over the last 2 years?

[fordomatic]

Mine have gone up 130%

[XB GS 351 Coupe]

Originally Posted by Interceptor

What I'm looking for is if repayments were say, $380/week or whatever at the start of 2022, hw much have they gone up since then.

I don't really understand what you mean, the amount gone up would depend on the outstanding debt, so every single loan would be different.

You need to look at the loan amount and then the increase in interest to see how much each particular loan payment increased

Originally Posted by fordomatic

Mine have gone up 130%

Boy am I glad I am mortgage free.

I could not deal with that increase.

The crazy increases in food and petrol prices are enough for me.

[fordomatic]

Originally Posted by XB GS 351 Coupe

I don't really understand what you mean, the amount gone up would depend on the outstanding debt, so every single loan would be different.

You need to look at the loan amount and then the increase in interest to see how much each particular loan payment increased




Boy am I glad I am mortgage free.

I could not deal with that increase.

The crazy increases in food and petrol prices are enough for me.

That’s why borrowing within you means and planning for the worst case scenario is vital. I’m still much better off than if I didn’t have a mortgage. All those years of 1.8% I saved and took advantage. My generation just want everything now, and don’t care what it costs. So many mates are now in trouble because they have no idea how to save.