Episode description
You guys had SO many questions for this episode! Rachelle Kroon from Sphere Home Loans joins Glen and John for this deep dive Q&A. They touch on:👉🏽when's the right time to speak to a mortgage broker?👉things you can do to maximise your chances of getting a home loan👉🏿how does HECS/HELP debt affect borrowing👉🏼why it might not be the best thing to wipe out your debt before speaking to a broker👉🏾how do banks and lenders view your BNPL history👉how does the structure of your mortgage change if you knock down and rebuild your home👉🏻debt recycling👉🏿cross collateralisation loans👉🏼living in a property for a year, renting it out for 3-5 and moving back into it. How does this affect the mortgage structure?👉🏽drawing equity out of home loan to leave in offset👉refinancing vs reviewing your current loan👉🏾self employed/business owners👉🏻what are the red and green flags to a bankUnsure if you're ready to chat with a mortgage broker? Take this quick free quiz: https://www.sortyourmoneyout.com/reach-out
Grab a copy of Glen's book, Sort Your Money Out & Get Invested: https://www.sortyourmoneyout.com/sort-your-money-out-get-invested
Get $20 off The Glen James Spending Plan using the code "MAGIC": https://www.mymillennial.money/spending-plan
Send us your questions! Use #mymillennialmoney in the m3 Facebook group: facebook.com/groups/mymillennialmoney
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