‘I’m meant to be the expert’: David Koch’s shocking poor finance admission

As fixed rate loans come to an end for an estimated 800,000 borrowers this year, many Australian households are heading for massive mortgage shock with theKochie, who was Seven’s former Finance Editor, has made an illustrious career out of business reporting and is known for his countless finance titles.

“That word, ‘informed’. I reckon the first step is to go and check how much you’re paying on your loan,” Koch said. It was a shock revelation by the financial expert but advice that many Australian households may take on, as home loans of $600,000 will require a further $16,500 in repayments. RBA Governor Philip Lowe came under fire for the continuous interest rate increases and faced a Senate Estimates hearing on Wednesday to address the economic crisis.

Mouth & trousers Kotch wouldn’t know shite from very good clay 😕 Just another pumped up over paid Know All !

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Source: FinancialReview - 🏆 2. / 90 Read more »