In this special crossover discussion of Property Insights with Mark Bouris and Broker Room podcasts, we are joined Yellow Brick Road Home Loans brokers and branch owners, Tom Haggie (YBR North Sydney), Effie Nicol (YBR Earlwood), and Mel Falanga (YBR Leppington), as they delve into the complexities of the current lending landscape.
In this Roundtable Special, we explore:
– Challenges for First Home Buyers: Effie shares the common hurdles faced by first-time buyers and the importance of preparation and budgeting.
– The Significance of Pre-Approval: Understand why obtaining a pre-approval is a crucial step in the property buying process.
– Impact of Spending Habits: Mel discusses how lifestyle choices can affect loan approvals and offers tips for financial discipline.
– Decoding HEM: Learn about the Household Expenditure Measure (HEM) and its role in determining borrowing capacity.
– Supporting Self-Employed Borrowers: Discover the unique challenges self-employed individuals face and how brokers can assist.
– Role of Non-Bank Lenders: Mel highlights the flexibility and options provided by non-bank lenders for small business owners.
– Emerging Trends: Explore the growing use of self-managed super funds for property investment and refinancing opportunities
