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649 end of year property & mortgage recap (fixed vs variable, re-fi tips, PPOR to PPOR & IP + more)

Dec 4, 2023
Mortgage expert, Rachelle Kroon, and property expert, John Pidgeon, discuss fixing your mortgage, 35-year loan terms, buying an investment property, bad credit ratings, lending for singles vs couples, refinancing, withdrawing money from FHSS, and more!
01:14:53

Podcast summary created with Snipd AI

Quick takeaways

  • Consulting a knowledgeable mortgage broker can help explore alternative options for borrowing capacity.
  • Higher interest rates on investment lending are due to perceived risk and stricter lending policies.

Deep dives

Seeking creative options when traditional servicing is tapped out

When traditional servicing is tapped out and the big banks are unable to lend more, it would be advised to consult with a knowledgeable mortgage broker. They can explore options with smaller lenders who may have different policies that can stretch borrowing capacity. Some banks may have higher rental income requirements, more favorable policies for negative gearing, or different criteria for assessing multiple investment properties. Consulting with a broker who specializes in investment lending can help navigate these alternative options.

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