23 Nov 2023 Podcast: Q&A – Answering Listener Q’s – LMI, Equity, Bridging, IO Loans, First Home Buying
In a special Q and A episode, Evelyn tackles the big questions from listeners on a wide range of property and finance issues.
The topics covered in this episode include investors, developers, home owners and also first home buyers, who are all navigating a challenging market.
Be sure to tune in!
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, hosted by Evelyn Clarke, Director and Finance Broker at Everland, listeners receive insights on financial strategies, including Q&A from clients and listeners. Key highlights include:
- Acknowledgement of Traditional Owners: The episode begins with a recognition of the Traditional Owners of the land.
- Update on Everland’s Charitable Efforts:
- Evelyn shares her recent trip to Bangladesh with her colleague Mandy, following a charity luncheon that raised $27,000 for International Women’s Day.
- $25,000 funded the construction of hygienic toilet blocks in a rural slum, significantly improving safety, health, and dignity for women and children.
- They also visited schools supported by their charity partner, Just Peoples, which implemented clean water systems, improving attendance and reducing health issues.
- Listener Questions Answered:
- Medical Alumni Lenders Mortgage Insurance Waivers: Explained the professions eligible for waivers at 90-95% loan-to-value ratio (LVR) and their applicability to owner-occupied and investment properties.
- Buying vs Renting: Advised evaluating long-term goals and financial implications of buying property, including costs like council rates and insurance, compared to renting.
- Using Equity vs Bridging Loans: Outlined scenarios for accessing equity to buy additional properties versus using bridging finance for temporary ownership during property transitions.
- Interest-Only Loans: Discussed benefits like cash flow flexibility and tax advantages, while cautioning about long-term interest costs.
- Nationwide Mortgage Broking Services: Confirmed that services are available across Australia and for expatriates overseas.
- Closing Remarks:
- Evelyn encouraged listeners to reach out with questions and highlighted next week’s episode featuring a guest speaker.
- She reiterated her belief in leveraging businesses for social impact alongside their core purpose.
Listeners were invited to subscribe and connect through Everland’s website for personalized financial advice.