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Episode 02: Why Interest Rates Don’t Always Matter
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On this episode of the Loans Elevated podcast, Broch brings us through why interest rates don’t always matter on a mortgage, and shares with us how sever clients refinanced and their interest rates went up.
Broch talks about how one of his clients took a refinancing with a 1.25% higher interest rate than their current mortgage and a bump to $750/month repayments. But because their equity had increased and they combined their debts into their mortgage, they eliminated debts of $2800/month, freeing up $2050/month, which they reinvested into the mortgage, enabling them to pay off in 11 years and save $420,000
Another example her shares is of someone who bought their house in 2007 at the peak, but they held and continued paying after the market slid, amortising their debt. After 5-7 years they could cash out with hundreds of thousands of dollars and it was a case of rinse and repeat from their.
🎙 Loans Elevated Podcast
Clear, strategic conversations on mortgages, real estate, and home financing — designed to help you make confident, informed decisions without the hype.
Hosted by Loans Elevated, presented by The Lassig Team at CrossCountry Mortgage.
🔗 Resources & links: https://lassigteam.com
📲 Follow us on Instagram & Facebook: @loanselevated
Hosts:
Broch Lassig - Branch Manager | NMLS 340314
TJ Heidenreich - Sales Manager | NMLS 1802412
Ryan King - Loan Officer | NMLS 1870771
Branch NMLS 2048956
Equal Housing Opportunity.
All loans subject to underwriting approval. Certain restrictions may apply.
CrossCountry Mortgage, LLC | NMLS 3029
www.nmlsconsumeraccess.org
This podcast is for educational purposes only and does not constitute financial, legal, or tax advice. Consult a qualified professional regarding your individual situation.
View all episodes
By The Lassig Team at CrossCountry MortgageSend us a text
On this episode of the Loans Elevated podcast, Broch brings us through why interest rates don’t always matter on a mortgage, and shares with us how sever clients refinanced and their interest rates went up.
Broch talks about how one of his clients took a refinancing with a 1.25% higher interest rate than their current mortgage and a bump to $750/month repayments. But because their equity had increased and they combined their debts into their mortgage, they eliminated debts of $2800/month, freeing up $2050/month, which they reinvested into the mortgage, enabling them to pay off in 11 years and save $420,000
Another example her shares is of someone who bought their house in 2007 at the peak, but they held and continued paying after the market slid, amortising their debt. After 5-7 years they could cash out with hundreds of thousands of dollars and it was a case of rinse and repeat from their.
🎙 Loans Elevated Podcast
Clear, strategic conversations on mortgages, real estate, and home financing — designed to help you make confident, informed decisions without the hype.
Hosted by Loans Elevated, presented by The Lassig Team at CrossCountry Mortgage.
🔗 Resources & links: https://lassigteam.com
📲 Follow us on Instagram & Facebook: @loanselevated
Hosts:
Broch Lassig - Branch Manager | NMLS 340314
TJ Heidenreich - Sales Manager | NMLS 1802412
Ryan King - Loan Officer | NMLS 1870771
Branch NMLS 2048956
Equal Housing Opportunity.
All loans subject to underwriting approval. Certain restrictions may apply.
CrossCountry Mortgage, LLC | NMLS 3029
www.nmlsconsumeraccess.org
This podcast is for educational purposes only and does not constitute financial, legal, or tax advice. Consult a qualified professional regarding your individual situation.