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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:
ππΌ how soon can I refinance my mortgage?
ππ½ pros and cons of bridging loans
ππΎ taking out a personal loan to use as your deposit
ππΏ getting a home loan during your probation or while you're switching jobs
ππ» will equity that's sitting in an offset account impact my future borrowing capacity?
π do higher lender fees = broker commissions?
ππΌ getting lending without PAYG income
ππ½ low doc loans - what are they?
ππΎ am I annoying my mortgage broker with too many scenarios?
ππΏ are there better lenders for a debt recycling strategy?
ππ» how do lenders assess income generated from cash in the bank, ETFs and investment properties?
π how does a security swap work?
ππΌ construction loans & using a guarantor to buy the land component
ππ½ 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 donβt 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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