“So, if you are going for a loan at the moment, or if you anticipate in the next month or so, go this fortnight before that raise because you'll actually be assessed at a lower rate. So you need to understand that if you want to borrow money and you think you're a bit too close, get in sooner rather than later.” - Louise Lucas

EPISODE HIGHLIGHTS: 

00:39 Meet Louise Lucas

02:23 Supporting Wonder Woman financing

03:33 The complexity of current lending rules

04:00 Know which lenders are assessing rental income at higher percentages

06:32 Louise's knowledge and contacts in the banking industry

07:00 Recent interest rate rise and Louise's Insights

09:15 Advice for those seeking loans

11:00 Using rental statements to help get loans for renovation projects

12:55 Discussion of the buffer and its impact on mortgage payments

16:51 Borrowing with friends or family members 

18:45 Structuring investment partnership

20:37 The reverse mortgage strategy for renovating retirement

25:23 Having a buffer account for emergencies

27:00 Strategies to deal with negatively geared properties

Resources

Louise Lucas - Website

https://propertyed.com.au

The School Of Renovating

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She Renovates Podcast

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