446b deep dive: Q&A with a mortgage broker

You guys had SO many questions for this episode! Rachelle Kroon from Sphere Home Loans joins Glen and John for this deep dive Q&A. They touch on:

👉🏽when's the right time to speak to a mortgage broker?

👉things you can do to maximise your chances of getting a home loan

👉🏿how does HECS/HELP debt affect borrowing

👉🏼why it might not be the best thing to wipe out your debt before speaking to a broker

👉🏾how do banks and lenders view your BNPL history

👉how does the structure of your mortgage change if you knock down and rebuild your home

👉🏻debt recycling

👉🏿cross collateralisation loans

👉🏼living in a property for a year, renting it out for 3-5 and moving back into it. How does this affect the mortgage structure?

👉🏽drawing equity out of home loan to leave in offset

👉refinancing vs reviewing your current loan

👉🏾self employed/business owners

👉🏻what are the red and green flags to a bank

Unsure if you're ready to chat with a mortgage broker? Take this quick free quiz: https://www.sortyourmoneyout.com/reach-out

Grab a copy of Glen's book, Sort Your Money Out & Get Invested: https://www.sortyourmoneyout.com/sort-your-money-out-get-invested

Get $20 off The Glen James Spending Plan using the code "MAGIC": https://www.mymillennial.money/spending-plan

Send us your questions! Use #mymillennialmoney in the m3 Facebook group: facebook.com/groups/mymillennialmoney

For podcast resources, links to our stuff, disclaimers & warnings about this episode + more... check out: mymillennial.money/shownotes

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