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How Doctors Can Get 95% Home Loans WITHOUT Mortgage Insurance | Ep. 10
Join 27,000+ doctors and dentists in the 'Investing for Doctors' Facebook group: https://facebook.com/groups/investingfordoctors
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In this episode, join me, Dr Bi Mian, together with Elouise Dooley and Alissa Childs, mortgage brokers and directors of Two Birds One Loan, a team that goes beyond traditional mortgage broking to help clients achieve their goals through personalised financial solutions.
We talk about how to decide between fixed and variable rates in today’s volatile market, the major differences between offset and redraw accounts, and why understanding non-bank lenders can open doors to unique borrowing opportunities.
We also discuss how doctors can secure loans with just 3 months of ABN history, the game-changing strategy of siloing property investments using trusts or SPVs, and why reviewing your loan every six months could save you thousands in interest payments.
If you want to learn how to make smarter mortgage decisions and take advantage of financial privileges tailored for healthcare professionals, then make sure to listen to this episode!
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TIME STAMPS:
00:00 - Intro
01:56 - Loan with an Offset Account
05:05 - Difference between a Bank Lender and a Non-bank Lender
07:25 - Bank Account with a Redraw Facility
10:30 - How a Fixed Loan Structured
15:17 - Assessing Income
19:00 - Company vs. Sole Trader
24:57 - Investment Income
36:12 - Engagement Process with a Broker
41:52 - Conclusion
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SHOW NOTES LINKS
https://ifdgroup.com.au/
https://doctorbi.com.au/
https://au.linkedin.com/in/mian-bi
https://www.twobirdsoneloan.com.au/
https://www.linkedin.com/in/elouisehaynes/
https://au.linkedin.com/in/alissa-childs-8816777a
-----
LISTEN TO THE PODCAST
Spotify: https://open.spotify.com/show/07DS5AxlbgmkuvP6zQGgtN
Apple Podcasts: https://podcasts.apple.com/au/podcast/investing-for-doctors-podcast/id1775535608
Amazon Music: https://music.amazon.com/podcasts/b9de46bc-e29d-4402-9e9e-959a3a5dc8da/investing-for-doctors-podcast
-----
FIND US HERE
Website: https://ifdgroup.com.au/
Facebook Group: https://www.facebook.com/groups/investingfordoctors
Facebook Page: https://www.facebook.com/investingfordoctors
-----
DISCLAIMER
The information provided in this podcast is for general purposes only and should not be considered personal advice. Always consult with qualified professionals or experts in the relevant field for personalised advice tailored to your specific situation.
View all episodes
By Investing4DoctorsJoin 27,000+ doctors and dentists in the 'Investing for Doctors' Facebook group: https://facebook.com/groups/investingfordoctors
-----
In this episode, join me, Dr Bi Mian, together with Elouise Dooley and Alissa Childs, mortgage brokers and directors of Two Birds One Loan, a team that goes beyond traditional mortgage broking to help clients achieve their goals through personalised financial solutions.
We talk about how to decide between fixed and variable rates in today’s volatile market, the major differences between offset and redraw accounts, and why understanding non-bank lenders can open doors to unique borrowing opportunities.
We also discuss how doctors can secure loans with just 3 months of ABN history, the game-changing strategy of siloing property investments using trusts or SPVs, and why reviewing your loan every six months could save you thousands in interest payments.
If you want to learn how to make smarter mortgage decisions and take advantage of financial privileges tailored for healthcare professionals, then make sure to listen to this episode!
-----
TIME STAMPS:
00:00 - Intro
01:56 - Loan with an Offset Account
05:05 - Difference between a Bank Lender and a Non-bank Lender
07:25 - Bank Account with a Redraw Facility
10:30 - How a Fixed Loan Structured
15:17 - Assessing Income
19:00 - Company vs. Sole Trader
24:57 - Investment Income
36:12 - Engagement Process with a Broker
41:52 - Conclusion
-----
SHOW NOTES LINKS
https://ifdgroup.com.au/
https://doctorbi.com.au/
https://au.linkedin.com/in/mian-bi
https://www.twobirdsoneloan.com.au/
https://www.linkedin.com/in/elouisehaynes/
https://au.linkedin.com/in/alissa-childs-8816777a
-----
LISTEN TO THE PODCAST
Spotify: https://open.spotify.com/show/07DS5AxlbgmkuvP6zQGgtN
Apple Podcasts: https://podcasts.apple.com/au/podcast/investing-for-doctors-podcast/id1775535608
Amazon Music: https://music.amazon.com/podcasts/b9de46bc-e29d-4402-9e9e-959a3a5dc8da/investing-for-doctors-podcast
-----
FIND US HERE
Website: https://ifdgroup.com.au/
Facebook Group: https://www.facebook.com/groups/investingfordoctors
Facebook Page: https://www.facebook.com/investingfordoctors
-----
DISCLAIMER
The information provided in this podcast is for general purposes only and should not be considered personal advice. Always consult with qualified professionals or experts in the relevant field for personalised advice tailored to your specific situation.