17 Oct 2024 Podcast: Guest – The Right Mortgage Broker is Your Secret Investment Weapon with Vanessa Dallas
In this episode, Evelyn Clark is guest on ‘The Intrepid Investor’ Podcast with host Vanessa Dallas. The key differences between residential and commercial property investments are explored.
We discuss Lenders Mortgage Insurance, higher deposit requirements for commercial properties, how to leverage residential assets for funding, and the process of assessing rental income through valuations and cap rates.
We also chat on aligning investment goals with the right property strategy and shares tips on self-investment and maintaining balance in a busy career, emphasising the importance of both professional and personal development.
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
Please find a Podcast summary below with the interview highlights:
In this episode of You Have My Interest, host Vanessa Dallas interviews Evelyn Clarke, an award-winning Australian mortgage broker and founder of Everland Finance.
The discussion focuses on Evelyn’s expertise in helping clients achieve their property investment goals, including the remarkable case of a client acquiring four properties in 15 months. Evelyn emphasizes the importance of understanding lender policies, aligning clients with suitable products, and leveraging strategies like high borrowing capacities and using equity for deposits.
Key Topics Discussed:
- Client Success Stories:
- Evelyn detailed how she helped a couple purchase multiple properties by maximizing borrowing capacity and leveraging equity.
- Highlighted the importance of clients’ proactive financial planning and hard work in achieving these goals.
- Lenders Mortgage Insurance (LMI):
- LMI can be an effective tool for accelerating property purchases, particularly for investors.
- Evelyn clarified misconceptions about LMI and how it can be a strategic advantage despite the additional cost.
- Borrowing Insights:
- Starting a new job doesn’t always require waiting to apply for a loan; some lenders accept income from day one.
- Challenges for self-employed borrowers include the need for an established ABN and consistent income records.
- Interest Rates and Market Trends:
- Evelyn explained the implications of fixed vs. variable rates, especially in the current market, and the potential benefits of recent rate pauses.
- Fixed rates might suit first-home buyers seeking predictability, whereas flexibility is crucial for investors.
- Commercial vs. Residential Investment:
- Commercial properties often offer long-term leases and tenant-covered expenses but require higher deposits (typically 30%).
- Residential investments are more accessible and involve different strategies, like leveraging high-growth properties.
- Personal Development and Team Culture:
- Evelyn shared her focus on personal health, self-care, and continuous learning.
- Her team engages in weekly knowledge-sharing sessions, discussing podcasts or books to foster professional and personal growth.
Listeners are encouraged to follow Evelyn on Instagram (@evelyn_finance) for mortgage tips and check out her podcast for more insights. Evelyn’s passion for helping clients build confidence and long-term wealth through property investment shines throughout the conversation.