About This Episode
In this episode, mortgage strategist Justin Thom shares expert insights on navigating the current lending landscape, understanding media myths, and optimising your mortgage process amidst recent policy changes in Australia.

Keywords
Mortgage, Lending, Property Law, Negative Gearing, Investments, Australia, Home Loans, Property Market, Financial Planning.

Resources

Justin Thom - MAP Home Loans - https://www.linkedin.com/in/justinthom/

Negative Gearing Policy - Australian Government - https://www.ato.gov.au/Business/Income-and-deductions-for-business/Negative-gearing/

Property Investment Strategies - MAP Home Loans - https://www.maphomelones.com.au

LinkedIn Profile - https://www.linkedin.com/in/justinthom/

Key Topics

• Myths about bank lending practices
• Impact of recent policy changes on borrowing capacity
• Importance of a strong team in property transactions
• How negative gearing and tax reforms affect investors
• Key factors influencing mortgage approval and serviceability

Chapters

00:00 Introduction and Guest Background

01:28 Common Myths About Bank Lending Practices

02:30 Media Myths vs Reality in Foreclosures

03:21 Traits of Clients with Smooth Loan Processes

05:12 Impact of Recent Policy Changes on Lending

07:00 Negative Gearing Changes and Borrowing Capacity

09:09 Status of Negative Gearing for New vs Existing Properties

11:08 Effects of Policy on Pre-Approvals and Borrowing

12:13 Advice for Investors Waiting on Policy Outcomes

13:27 How Banks Assess Serviceability Beyond Income

15:01 Surprising Factors in Serviceability Checks

16:10 Additional Expenses Banks Consider in Loan Assessments

17:35 Tips for Achieving Unconditional Loan Approval

19:30 Justin's Streaming Recommendations and Closing Remarks