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Dev Raga Personal Finance
416 fixed vs variable, redraw vs offset, commercial loans, preparing to meet a broker + more (Q&A with a mortgage broker)
Apr 30, 2024
Mortgage broker Rachelle Kroon discusses qualifications, preparing for meetings, interest rates, loan features, fixed vs variable rates, penalties, redraw, offsets, and differences from commercial loans.
01:10:31
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Quick takeaways
- Prepare documents for mortgage meeting, understand broker fees.
- Qualifications needed to become a mortgage broker, association with governing bodies.
Deep dives
Mortgage Process and Preparation
When meeting with a mortgage broker, it is important to understand the mortgage process. The process includes preparing for the meeting by filling out an online fact-find form with personal documents such as pay slips, tax returns, and debt statements. These documents help in a comprehensive discussion during the meeting. While some brokers may charge fees for advice, many, like the one mentioned, do not charge any fees for their services.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode