EP 021: In this current market climate, with interest rates increasing every month…
The banks are becoming more and more scrutinising in their lending criteria.
How do we play the bank’s game,
While ensuring we can continue borrowing?
Well…
In this week’s podcast episode, Grant and I will be breaking down exactly this!
We’ll be inviting our mortgage broker Aaron back for another chat, this time to discuss everything you need to know about borrowing capacity, so you can play the forever game in property investing!
PS: Let me know your experiences with lending during this market environment!
Episode Highlights:
00:00 Welcome to Property and Investing
02:46 Problems with borrowing money
03:29 Borrowing for building a property portfolio
07:29 Extracting equity and cross-collateralised loans
14:10 When equity becomes a trap in itself
15:06 Understanding the variability of your income
16:02 Different ways you can get stuck with borrowing
18:02 Unpacking the trap of wrong lenders at the wrong time
24:07 Have banks become more scrutinous over time?
32:00 Increasing income and deposits increases borrowing power
35:15 Borrowing capacity equals purchase price
37:27 Negatively geared properties vs. positively geared properties
39:16 Who wins the game of property investing?
45:30 Time heals all borrowing capacity issues
46:15 Is speed a factor for borrowing capacity?
If you enjoyed this episode, be sure to subscribe, tune in and share this podcast!
Resources:
○ Property and Investing website: https://propertyandinvesting.com/
○ If you want to find out more about our guest, Aaron Whybrow head over to: https://propertyandinvesting.com/partners/
About the Guest:
Aaron Whybrow is the founder of Diagnostics and Finance, a Financial Broking and Personal Risk Insurance Business.
Diagnostics & Finance (ARW Financial Services Pty Ltd) is a Credit Representative 425540 of Finsure Finance & Insurance ACL 384704.
He is known as the ‘bagpiping mortgage broker’, who prides himself on having no ‘flats’ in his career. He blends his experiences as a former intensive care unit nurse and medical sales rep to provide the best outcomes for his clients.
To connect with Aaron and his team of mortgage professionals, head over to: https://propertyandinvesting.com/partners/diagnostics-and-finance/
Subscribe:
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DISCLAIMER:
All information we share is NOT financial or investment advice and is purely intended for entertainment and educational purposes only. Always seek professional advice before acting on any financial decision.
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