How investing helps owners achieve the dream of getting mortgage-free

On this episode, Smart Property Investment’s Phil Tarrant sits down with Eva Loisance from Finni to discuss the strategy behind taking on more debt to pay down another debt faster and how that could work for some Australian home owners.

This week, Eva brings a case study to the podcast, detailing why a couple purchased an investment property for the pure purpose of eliminating the mortgage on their primary residence.

The Penrith property owners were looking to pay down their home so they could retire earlier. A fairly typical Australian couple in terms of income, Eva explained why they initially rejected the idea of investing in property before being introduced to the strategy of using an investment to generate passive income over a long-term period so that, upon selling, they could pay off the debt left on their primary home.

Phil and Eva also discuss how to leverage existing equity to buy your first investment without even touching your savings and different ways to mortgage to take advantage of tax deductibility.