The Ultimate Guide to Home Buying in a Rising Rate Environment | Ep. 46

Want to learn how our proven wealth-building strategies can help you create lasting financial security? Book a FREE consultation today: https://subscribepage.io/BookAConsult 

-----

In this episode, we have Nick Chong, Founder of Ardent Capital Group and a seasoned mortgage expert with over 12 years of experience in financial planning and mortgage broking.

Nick talks about how COVID-19 altered the mortgage industry through digital adoption and unexpected market dynamics, why many homeowners face "mortgage prison", and the importance of proactive financial planning before fixed rates expire.

He also discusses why first-time homebuyers must be cautious about credit inquiries and buy-now-pay-later services, how banks have changed their living expense calculations to impact lending, and the strategic ways to prepare for a home loan application, including government incentive timing.

If you want to understand how to optimise your mortgage strategy in today's high-interest environment and position yourself for financial success, then make sure to listen to this episode!

-----
 
SHOW NOTES LINKS

https://au.linkedin.com/in/nick-chong-6ab64a71

http://www.ardentcapital.com.au/ 
https://www.linkedin.com/company/ardent-capital-group/ 
https://www.facebook.com/ardentcapitalgroupptyltd/

-----
 
LISTEN TO THE PODCAST
 
Spotify: https://spoti.fi/3qJL8w4 
Apple Podcast: https://apple.co/3QPF3ch 
Amazon Music: https://amzn.to/3YMZjgD 
Google Podcast: https://bit.ly/3swIVEF
 
-----
 
FIND US HERE
 
Facebook: https://bit.ly/3RsO5Mr 
LinkedIn: https://bit.ly/3Rs0Qah 
Instagram: https://bit.ly/46kZvGp 
TikTok: https://bit.ly/3PSbK7U 
YouTube: https://bit.ly/3rsKxPG 
 
-----
 
CONTACT US
 
hello@rykercapital.com.au   
 
Client Enquiries: 1300 179 537
Careers & Press: 1300 179 537
 
-----

TIME STAMPS:

00:00 Intro
01:11 - COVID 19's Impact on the Mortgage Broker Industry
04:53 - Impacts of Policy Changes in Mortgage Broking Industry
09:10 - Strategies and Advice to Combat Rising Rates 
14:58 - First Home buyer: Preparation Guide 
21:54 - How to Clean up Your Finances as a First Home Buyer
27:03 - Refinancing Trigger Points
31:59 - Conclusion


-----
 
DISCLAIMER
 
The information provided in this podcast is for general purposes only and should not be considered personal advice. Always consult with qualified professionals or experts in the relevant field for personalised advice tailored to your specific situation. 

Chapters

• 0:00 Intro
• 1:11 COVID 19's Impact on the Mortgage Broker Industry
• 4:53 Impacts of Policy Changes in Mortgage Broking Industry
• 9:10 Strategies and Advice to Combat Rising Rates
• 14:58 First Home buyer: Preparation Guide
• 21:54 How to Clean up Your Finances as a First Home Buyer
• 27:03 Refinancing Trigger Points
• 31:59 Conclusion