#114 Christina Suter: Education- What Loan is Right For You

“You can take a 30 year fixed and make it perform as if it’s a 15 year. Why would you do that, because it gives you options in case your plans change.” -Christina Suter 

Today I am sharing with you the different types of loans available when looking to purchase a single family property. First, be mindful that what will work for one person may or may not work for the other, so due diligence is priority when it comes to choosing the right loan for you. The most commonly known mortgage loans are a 30 year fixed, a 15 year fixed and variable loans. I personally am a fan of the 30 year fixed because of its predictability. Variable loans are not at the top of my list for reasons like negative amortization or not being able to predict if interest rates will increase and at what time. Every person or investor is different so choosing the right loan for you is what’s most important and you can do that by doing your due diligence, consulting with an advisor and weighing out your options. 


Topics Covered in this episode:

  • What is the difference between a fixed and variable loan 
  • How does a 30 year and 15 year fixed loan work 
  • What are the benefits of each loan 
  • Why are variable loans not the best for long term holds 
  • What is amortization 
  • Will you have enough time in your short term loan to pay it off 
  • What are the various types of options in a variable loan 
  • What is a HELOC loan
  • What is a negative amortization loan 
  • Why you should always have back up plans 


Listen now and find out why Christina thinks education is the key to financial leadership on Spotify, iTunes and Youtube

The Real Estate Breakthrough Show with Christina Suter is where we talk about the reality of real estate, the mindset you need and the tips and tricks to get you moving forward in investing. Join us every week and learn everything you need to know to invest in real estate education and create real wealth for a lifetime.


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