Australian Property investing is a game of FINANCE.
This means you need to master your LENDING STRATEGY, way before you start shortlisting suburbs or properties.
To help us, in this episode Mortgage Broker Colin Rice shares three top tips to improve BORROWING CAPACITY by hundreds of thousands of dollars.
We also learn essential strategy around:
Crosssecuritisation & why it's bad?
How to reduce your interest rate?
How to value property properly?
Best bank to borrow in a trust?
How to Avoid Lenders Mortgage Insurance (LMI)?
Go to bank directly or through mortgage broker?
Do you need to cut costs before getting a preapproval?
What's the deal with Bank of China?
How to find an excellent mortgage broker?
Don't miss it!
#borrowingpower #loan #mortgagebroker
Chapters:
00:00:00 Juicy tips to improve borrowing capacity
00:04:47 Creative Financing for Property Investment
00:09:12 The Risks of Cross Collateralization
00:13:21 Cross Collateralization: What You Need to Know
00:17:53 Understanding Mortgage Obligations and Valuation Procedures
00:22:41 Differences in Borrowing Capacity Calculation
00:27:34 Regulations and Compliance for Mortgage Brokers
00:32:08 Understanding Hem Figures and Lender Regulations
00:36:46 Asking the Right Questions to Find a Broker
LEARN MORE
I Help People Achieve PASSIVE INCOME Through Property Investing Using Our Unique DataDriven System, So You Can Confidently Buy Top 5% Growth & Cashflow Property, WITHOUT Wasting Months Doing "Research", Spending Weekends At Inspections OR Dropping $15k On Buyers Agents Each Time https://consultingbypk.com.au
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DISCLAIMER: No Legal, Financial & Taxation Advice
The Listener, Reader or Viewer acknowledges and agrees that:
• Any information provided by us is provided as general information and for general information purposes only;
• We have not taken the Listener, Reader or Viewers personal and financial circumstances into account when providing information;
• We must not and have not provided legal, financial or taxation advice to the Listener, Reader or Viewer;
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