03 Jul Podcast: Finance File – Relocating and Buying Interstate Impacts on Borrowing Capacity

Posted at 07:31h in Blog, Podcast by Tash

3 Likes

In this week’s episode of You Have My Interest, we run through a real-life finance file where we helped a couple, originally from South Africa and now permanent residents in Australia, secure their first home while relocating interstate. With only one applicant’s income able to be used for servicing, since the other applicant’s job couldn’t continue in the new state, we explored how this impacted their borrowing capacity and how we structured their loan. We cover how they built up genuine savings, including using the First Home Super Saver Scheme, why they chose to borrow 93% of the property value while keeping a solid savings buffer, and break down the loan structure and product features they’ve gone with.

26 Jun Podcast: Finance File – FHB Solo Purchase with No LMI at 95%

Posted at 10:15h in Blog, Podcast by Tash

3 Likes

This week on You Have My Interest, we break down a real first home buyer scenario to show how government initiatives can help make homeownership possible. We share the journey of a 32-year-old nurse unit manager in Victoria who purchased her first property using the First Home Buyer Government Guarantee Scheme, avoiding lenders’ mortgage insurance, and explored eligibility for both this and the First Home Owner Grant.

19 Jun Podcast: Deep Dive – BNPL Reforms and Borrowing Capacity Impact

Posted at 11:04h in Blog, Podcast by Tash

3 Likes

In this episode of You Have My Interest, we take a deep dive into the new regulations affecting Buy Now Pay Later (BNPL) services in Australia and what they mean for everyday consumers. From 10 June, providers like Afterpay and Zip must operate as regulated credit products. This means holding an Australian credit licence, performing checks on new applicants, and reporting repayments and missed payments to credit bureaus.

22 May Podcast: Deep Dive – RBA Cash Rate and Election Impacts on Housing and Interest Rates

Posted at 11:15h in Blog, Podcast by Evelyn Clark

3 Likes

In this week's episode of You Have My Interest, Evelyn unpacks the recent RBA cash rate cut and what it means for mortgage repayments, borrowing power, and future interest rate expectations.