I recently had the pleasure of interviewing Gagan and Mandeep from GM Finance, where we went into the intricacies of property loans.
This video serves as an excellent beginner’s guide!
Topics covered:
- Effective strategies
- Securing the lowest interest rates
- Market updates and interest rate forecasts
- Tips for self-employed buyers and those with side hustles
- Starting point: Pre-approval vs. Property search
- ā±Timestamps included for easy navigation.
00:00 Introduction
02:59 Market Update on Interest Rate
04:42 What is OCR?
05:05 Interest Rate Predictions
06:01 Is It a Good Time To Buy Property?
08:03 What Do I Do First? Pre-approval vs. Property Search
09:30 Practical Strategies for Buying
11:18 How Much Can I Borrow?
12:54 Is There a Rule of Thumb for the Borrowing Amount?
17:21 Self-Employed Persons & Side Hustles
20:13 Importance of Sustainable Income
21:58 FOMO!
22:38 Test Rates
25:14 Best Time to Engage With a Mortgage Advisor?
27:39 Kiwisaver Horror Story
31:08 Equity, LVR, New Builds & Investment Properties
39:32 What Does LVR Mean?
41:27 How To Get the Lowest Interest Rates?
42:04 What To Do If You Are Stuck?
43:14 How Can a Mortgage Advisor Help?
Jump to the sections that matter most or watch the full video.
Check out the video link HEREā¦ What Every Buyer Should Know About Property Loans