The Quick-Start Guide to Your First Property by Glen James & Rachelle Kroon is available now: https://amzn.to/4svhyoHย
Learn to invest with our award-winning investing book, The Quick-Start Guide to Investing: https://www.investingbook.com.au/
In this Q&A, Glen is joined by mortgage brokers Joe Carroll and Genevieve "Gel" Lyons from Sphere Home Loans to answer all your questions including:
๐๐ผ how soon can I refinance my mortgage?
๐๐ฝ pros and cons of bridging loans
๐๐พ taking out a personal loan to use as your deposit
๐๐ฟ getting a home loan during your probation or while you're switching jobs
๐๐ป will equity that's sitting in an offset account impact my future borrowing capacity?
๐ do higher lender fees = broker commissions?
๐๐ผ getting lending without PAYG income
๐๐ฝ low doc loans - what are they?
๐๐พ am I annoying my mortgage broker with too many scenarios?
๐๐ฟ are there better lenders for a debt recycling strategy?
๐๐ป how do lenders assess income generated from cash in the bank, ETFs and investment properties?
๐ how does a security swap work?
๐๐ผ construction loans & using a guarantor to buy the land component
๐๐ฝ preparing your financials for a new loan or refinance
money money money is proudly supported by Sphere Home Loans and Skye Wealth.
Need a mortgage broker? Check out https://www.spherehomeloans.com.au
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This content is for education and entertainment purposes only and is intended for Australian residents. It is not a substitute for professional financial, tax or legal advice. Any advice provided is general financial advice only, which does not take into account your objectives, financial situation or needs.You should consider whether the advice is appropriate for your circumstances before acting on it. If you choose to buy a financial product, read the relevant product disclosure statement (PDS) and target market determination (TMD), and seek personal advice from a licensed adviser. We may discuss products, services or listener questions within our content for illustration and entertainment purposes. It is impossible to provide personal advice in this format, as we donโt know your individual financial situation. We may also change the names of questioners for privacy. While we do our best to provide accurate information, we accept no responsibility for any inaccuracies. Guest opinions are theirs and their respective licence holders. SYMO Interactive Pty Ltd and Glen James are authorised representatives of MoneySherpa Pty Ltd, which holds Australian Financial Services Licence 451289. Please read our Financial Services Guide at moneypodcast.com.au.
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