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This up to date video will help you understand what banks look for in our changing finance environment and how to beat the banks at their own game.
You will be shown:
- How smart investors use debt as a risk management tool
- What’s on your credit file, and why you should check it before the banks do
- What banks look for when they decide how much they will lend you, and it’s not necessarily what you think
- When to use mortgage insurance
- Why you should consider using multiple banks and how to decide in which order to approach them
- What type of property the banks like as security
- Why cross collaterising your loans could prevent you buying your next property
- How changing lenders could allow you to buy one more property
- How your credit card limits impact on your borrowing capacity
- The problems associated with lodging multiple loan applications
- What to look for when considering your finance options
- The challenges self employed borrowers are facing
- How you should consider converting from a low doc loan to a full doc and what this would mean to you
- Why it is important to set up the right property ownership structures before you buy a property and how banks view trusts in the new finance environment
- When to take out interest only loans and when principle and interest loans may be appropriate
- When to fix interest rates
- Why you should regularly review your finance strategy
This is your chance to learn these important finance strategies that may help you buy an extra property or two.
