19 Dec 2024 Podcast: Finance File – Leveraging 90% & No LMI for Accountants

In this week’s episode of You Have My Interest, we explore the behind-the-scenes strategy of refinancing and cashing out equity to fund an investment property purchase. We share how our clients used valuation differences to their advantage, unlocking more cash from desktop valuations compared to full inspections. We also discuss why a higher valuation with CBA outweighed better interest rates elsewhere, enabling the clients to secure additional funds for their deposit.

You’ll hear about the importance of structuring loans for tax efficiency, including the decision to opt for principal and interest repayments with offset accounts to help build equity faster. We also delve into how lenders mortgage insurance waivers for chartered accountants made it possible to borrow up to 90% without extra costs, and why interest rates above an 80% LVR have become less competitive in recent months.

This episode is packed with insights to help you maximise your borrowing potential and make informed decisions for your investment strategy.

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