Australian Finance Podcast
Should Owen use equity from his property to buy a farm? Mortgage Broker Chris Bates explains the pros and cons of equity release
Feb 19, 2024
Australia's #1 Mortgage Broker Chris Bates discusses equity release, debt recycling, side hustles vs. pay rises, and leveraging property equity for investment. Topics include navigating tightened borrowing capacities, considerations for borrowing with new business income, and maximizing opportunities with property equity. The conversation also explores using property equity to invest in shares and offers tips on making smart financial decisions.
45:20
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Podcast summary created with Snipd AI
Quick takeaways
- Maximize equity in home for asset investment opportunities.
- Consider debt recycling for long-term growth and strategic investing.
Deep dives
Key Points for Borrowing and Financial Strategy
1. Clean up your financial situation by getting rid of debts like credit cards and improving your income.
2. Consider the realistic timeline for your goals and assess whether they are attainable.
3. Explore options like salary increases and side hustles to boost your income.
4. Think about strategic choices like maximizing equity in your home and using it wisely.
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