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Welcome to Stealthy Wealth, a personal finance blog where you will find my thoughts on Investing, Cutting Costs, Financial Discipline and any other randomness that pops into my head as I aim for early retirement and financial independence in 2030 at the age of 45. You can view my progress towards this goal on the Tracker Page.

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Tuesday, 14 August 2018

The Ugly Side Of Home Loans

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Home loans - not always fun!
Home loans are sneaky beasts – on the one hand they enable many to reach their dreams of home ownership, but on the other hand you can be sure that the banks aren’t dishing them out for free - there is some good money to be made off of Joe Consumer's home ownership aspirations. The interest bill on a home loan usually ends up being in the millions.

And although my Early Retirement Plan dictates that I will be putting almost all my discretionary savings into equity investments, the numbers in this article have certainly given me some food for thought…