My Loan Choices Podcast

9. First Home Buyers Academy - What are your Loan Options in purchasing a new property?

Taking a look at different loan features, we will guide you through our analysis of several loan options that will be available upon your application.

We will also help you determine the best method to select in regards to your loan repayments, and walk you through the steps that you should expect when working with My Loan Choices.

Watch the video here: https://youtu.be/5JvtvZSxc1w

For more information call me on 0430 020 620 or send me an email.

Kind Regards,

Miguel Gonzalez

Mortgage Broker

My Loan Choices

m. 0430 020 620

e. miguel@myloanchoices.com.au

https://myloanchoices.com.au

DISCLAIMER: This podcast provides general information only and has been prepared without taking into account your objectives, financial situation or needs. We recommend that you consider whether it is appropriate for your circumstances and your full financial situation will need to be reviewed prior to acceptance of any offer or product. It does not constitute legal, tax or financial advice and you should always seek professional advice in relation to your individual circumstances.

8. First Home Buyers Academy - Government Benefits for First Home Buyers

Our First Home Buyers Academy Australia returns with another episode to guide you in your journey of purchasing the First Home.

This time we will be taking a look at a topic that is extremely appealing to all first home buyers out there, which is the Government Benefits.

DISCLAIMER - The following information in this podcast is accurate at the time of recording (Sep 2020)

Please check out these links for the most up to date information on the matter:

First Home Buyers:

http://firsthome.gov.au/

First Home Loan Deposit Scheme:

https://www.nhfic.gov.au/what-we-do/fhlds/

Home Builder:

https://treasury.gov.au/coronavirus/homebuilder

Watch the video here: https://youtu.be/8GPBtehcQDk

For more information call me on 0430 020 620 or send me an email.

Kind Regards,

Miguel Gonzalez

Mortgage Broker

My Loan Choices

m. 0430 020 620

e. miguel@myloanchoices.com.au

https://myloanchoices.com.au

DISCLAIMER: This podcast provides general information only and has been prepared without taking into account your objectives, financial situation or needs. We recommend that you consider whether it is appropriate for your circumstances and your full financial situation will need to be reviewed prior to acceptance of any offer or product. It does not constitute legal, tax or financial advice and you should always seek professional advice in relation to your individual circumstances.

7. First Home Buyers Academy - An analysis of the Funds you need to buy your First Home

In this episode of First Home Buyers Academy Australia, we will return to John & Jane's Case Study to breakdown their funds position prior to the couple's ownership of their first home.

We will be providing you with the key purchase amount that can help you avoid paying duties. And by comparing you available and required funds, we will be able to understand your position in the situation, as well as looking at other possibilities if the savings amount are not up to the requirement.

Here are some other useful links mentioned in the podcast:

Home Loans:

https://myloanchoices.com.au/

First Home Buyers:

http://firsthome.gov.au/

Watch the video here: https://youtu.be/bP6FTsZNQU0

For more information call me on 0430 020 620 or send me an email.

Kind Regards,

Miguel Gonzalez

Mortgage Broker

My Loan Choices

m. 0430 020 620

e. miguel@myloanchoices.com.au

https://myloanchoices.com.au

DISCLAIMER: This podcast provides general information only and has been prepared without taking into account your objectives, financial situation or needs. We recommend that you consider whether it is appropriate for your circumstances and your full financial situation will need to be reviewed prior to acceptance of any offer or product. It does not constitute legal, tax or financial advice and you should always seek professional advice in relation to your individual circumstances.

6. First Home Buyers Academy - How your savings can get you to your First Home?

As we have learned from the previous episode, there are several factors that are crucial in optimizing your borrowing capacity to purchase your First Home.

In this episode, we will be taking a look at another important aspect that the lender will be assessing in your home loan application, which is your savings.

We will guide you through several different saving options, introducing you to the concept of Lender's Mortgage Insurance, and showing you the best way to avoid unnecessary payments in securing your First Home.

Watch the video here: https://youtu.be/sccRD4l9fP8

For more information call me on 0430 020 620 or send me an email.

Kind Regards,

Miguel Gonzalez

Mortgage Broker

My Loan Choices

m. 0430 020 620

e. miguel@myloanchoices.com.au

https://myloanchoices.com.au

DISCLAIMER: This podcast provides general information only and has been prepared without taking into account your objectives, financial situation or needs. We recommend that you consider whether it is appropriate for your circumstances and your full financial situation will need to be reviewed prior to acceptance of any offer or product. It does not constitute legal, tax or financial advice and you should always seek professional advice in relation to your individual circumstances.

5. First Home Buyers Academy - John & Jane Case Study

Welcome back to another episode of the First Home Buyers Academy Australia.

In today's episode, we will be taking a look at an example case study of John & Jane, a couple that we recently help to purchase their first home.

We will also discover the calculation of income, how different factors can contribute to the lender's assessment of the couple's borrowing capacity, and especially how John & Jane have managed to secure their first property whilst being in a low/medium income bracket.

Watch the video here: https://youtu.be/ilc2TE4I-XY

For more information, please contact me via 0430 020 620 or send me an email.

Kind Regards,

Miguel Gonzalez

Mortgage Broker

My Loan Choices

m. 0430 020 620

e. miguel@myloanchoices.com.au

https://myloanchoices.com.au

DISCLAIMER: This podcast provides general information only and has been prepared without taking into account your objectives, financial situation or needs. We recommend that you consider whether it is appropriate for your circumstances and your full financial situation will need to be reviewed prior to acceptance of any offer or product. It does not constitute legal, tax or financial advice and you should always seek professional advice in relation to your individual circumstances.

4. First Home Buyers Academy - How much can I borrow?

Now that we know what a home loan pre-approval is from our previous episode, we will now go deeper into the first thing that lenders look at in your home loan application: your income and your living expenses.

Lenders will look at your type of income based on your:

employment
other sources
family tax benefits (if applicable)

Along with your income, lenders will also look at your living expenses and existing debts in order to calculate your borrowing capacity, and then you're one step closer to getting your home loan approved!

Watch the video here: https://youtu.be/Z44_vyyUrLc

For more information call me on 0430 020 620 or send me an email.

Kind Regards,

Miguel Gonzalez

Mortgage Broker

My Loan Choices

m. 0430 020 620

e. miguel@myloanchoices.com.au

https://myloanchoices.com.au

DISCLAIMER: This podcast provides general information only and has been prepared without taking into account your objectives, financial situation or needs. We recommend that you consider whether it is appropriate for your circumstances and your full financial situation will need to be reviewed prior to acceptance of any offer or product. It does not constitute legal, tax or financial advice and you should always seek professional advice in relation to your individual circumstances.

3. First Home Buyers Academy - What is a Home Loan Pre-Approval? How is it assessed?

Buying your first home is an exciting experience. But, there is a lot to think about: How much deposit do you need? How much you can borrow? Can you afford your dream home? How much will the repayments be?

In this episode, you will learn What is a Home Loan Pre-Approval? and How the lenders assess a Home Loan Application?

Your Income, Living Expenses and existing debts are the main items the banks check when calculating how much you can borrow. But, your savings are equally important to get a Home Loan Pre-Approval.

Watch the video here: https://youtu.be/jcqTuotyuAU

For more information call me on 0430 020 620 or send me an email.

Kind Regards,

Miguel Gonzalez

Mortgage Broker

My Loan Choices

m. 0430 020 620

e. miguel@myloanchoices.com.au

https://myloanchoices.com.au

DISCLAIMER: This podcast provides general information only and has been prepared without taking into account your objectives, financial situation or needs. We recommend that you consider whether it is appropriate for your circumstances and your full financial situation will need to be reviewed prior to acceptance of any offer or product. It does not constitute legal, tax or financial advice and you should always seek professional advice in relation to your individual circumstances.

2. First Home Buyers Academy - Steps to Buying your First Home

Buying your first home is an exciting experience. But, there is a lot to think about: How much deposit do you need? How much you can borrow? Can you afford your dream home? How much will the repayments be?

In this episode, you will learn the steps involved in buying your First Home. There is a roadmap ahead and if you follow it like a treasure hunt, you will successfully get the keys to your new home.

The 6 steps most commonly known to buy your First Home in Australia are:

Getting your finance organised. (Get a Home Loan Pre-Approval)
Go for open for inspections. (Start the house hunting)
Bid on an Auction or Private Sale. (Make an offer)
Sign a contract of sale and get formal approval from the bank.
Getting ready from Settlement. (Bank will pay all parties and ask for a final contribution from buyers)
Get the keys from your new house.

You are now ready to move in! Congratulations!

Watch the video here: https://youtu.be/towkjVsC3s4b

For more information call me on 0430 020 620 or send me an email.

Kind Regards,

Miguel Gonzalez

Mortgage Broker

My Loan Choices

m. 0430 020 620

e. miguel@myloanchoices.com.au

https://myloanchoices.com.au

DISCLAIMER: This podcast provides general information only and has been prepared without taking into account your objectives, financial situation or needs. We recommend that you consider whether it is appropriate for your circumstances and your full financial situation will need to be reviewed prior to acceptance of any offer or product. It does not constitute legal, tax or financial advice and you should always seek professional advice in relation to your individual circumstances.

1. First Home Buyers Academy - Introduction

Buying your first home is an exciting experience. But, there is a lot to think about: How much deposit do you need? How much you can borrow? Can you afford your dream home? How much will the repayments be?

The First Home Buyers Academy, is a series of episodes for you to find the answers you need, when you start your journey, towards buying your First Home. These episodes include:

Introduction to First Home Buyers Academy
Steps to buying a house
What is a Home Loan Pre-Approval? and What the Lenders look into a Home Loan Application
Eligible Income, existing debts and living expenses, how the banks calculate your borrowing capacity?.
John and Jane's Case Scenario. (Borrowing Capacity)
Savings and Deposit options. What is LMI? and how to avoid it?
Funds Position: John and Jane's case scenario. LMI vs Rent.
Government Benefits for First Home Buyers.
Home Loan options and What happens next and when.

Watch the video here: https://youtu.be/P2XFgXgyWHU

For more information call me on 0430 020 620 or send me an email.

Kind Regards,

Miguel Gonzalez

Mortgage Broker

My Loan Choices

m. 0430 020 620

e. miguel@myloanchoices.com.au

https://myloanchoices.com.au

DISCLAIMER: This podcast provides general information only and has been prepared without taking into account your objectives, financial situation or needs. We recommend that you consider whether it is appropriate for your circumstances and your full financial situation will need to be reviewed prior to acceptance of any offer or product. It does not constitute legal, tax or financial advice and you should always seek professional advice in relation to your individual circumstances.

By Miguel Gonzalez

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Savings Plan Ep.3 - Budgeting Tools