15 Aug 2024 Podcast: Deep Dive – “LMI is Bad”, How Mortgage Brokers Get Paid & other Mortgage Myths
In this episode, Evelyn breaks down common mortgage myths that often mislead potential homeowners. With interest rates in flux and the RBA recently pausing the cash rate, it’s crucial to understand these misconceptions.
Listen and subscribe now on Apple Podcasts or Spotify
Evelyn debunks myths such as needing a 20% deposit, the idea that mortgage brokers select lenders based on commission, and the belief that you must be in your job for a specific period before applying for a home loan.
She also discusses why Lenders Mortgage Insurance (LMI) isn’t always a negative and sheds light on how banks actually assess your spending habits and credit score.
Tune in to gain a clearer understanding of the mortgage landscape and make informed decisions on your journey to home ownership!
Find out your next step in property finance:
You Have My Interest is brought to you by Everlend, a mortgage and finance broking firm built for the purpose of educating and empowering you to make informed financial decisions tailored to your wealth goals. Find out more and book in your free initial consultation at
https://www.everlend.com.au/
There’s plenty more great content to come … so make sure you subscribe now on Apple Podcasts or Spotify so you don’t miss a thing.
You Have My Interest is brought to you by Everlend, a mortgage and finance broking firm built for the purpose of educating and empowering you to make informed financial decisions tailored to your wealth goals. Find out more and book in your free initial consultation at https://www.everlend.com.au/
Get in touch:
Find out more about You Have My Interest at everlend.com.au/podcast and connect with us at podcast@everlend.com.au
You Have My Interest provides information and educational content relating to mortgages, finance and property. You Have My Interest‘s content is general in nature and does not take into account the individual financial, legal or tax needs or objectives of its audience members.
It is not intended as a substitute for professional advice. Listeners should seek out a licensed professional to discuss their individual financial, legal and tax requirements.
If you need mortgage or finance advice tailored to your own personal situation, contact Everlend today for a free consultation. Everlend are authorised credit representatives of Loan Market Pty Ltd, Australian Credit Licence number 390222.
Podcast produced with Apiro
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