On this episode of No BS With Birchy, join Nathan Birch and mortgage broker Jenevieve Newman from Zinger Finance as they sit down to dive deep into the popular term 'Mortgage Cliff' and whether or not it is as relevant as it's hyped up to be.

Listen in as they discuss the importance of variable v fixed rates, some of the hidden traps many mortgage holders can fall into, ways you might be blocking your financial goals and some incredible client scenarios that well and truly bust some of the current mortgage myths. It's worth a listen!

Show Notes:

00:43 - Jen gives us an overview of her role as a broker 02:00 - What is the alleged 'Mortgage Cliff'? 03:04 - Average fixed rate durations 03:27 - But is that what the last 12 months tells us? Not quite. 05:27 - The importance of refinancing as an investor, and often. 06:11 - The % of Jen's clients that have fixed rates…crickets 07:40 - The big trap that catches everyone, it's bigger than the 'cliff'. 11:40 - The misconception 13:30 - What can you do to combat coming off a fixed rate? 16:31 - The goal blockers - these will stop you from reaching your financial goals 18:00 - Jen shares 3 client case studies 21:04 - Biggest equity pull 22:47 - Client stats at Zinger Finance, impressive! 23:39 - 80% come with less than 2 properties - most of them build their portfolio quickly 25:12 - Nathan's successful client scenario 28:12 - Forget Mortgage Cliff, more like Donald Duck! 28:54 - 10,20,30 and beyond! 30:09 - When the rates go down, positions are up! 32:15 - You need to be 100% ready to jump! 34:26 - We're on the eve and the cusp of a new boom

Listen to this week's episode while you're running an errand or on the road here.

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