Finance This, Property That
Finance This, Property That is your go-to podcast for expert insights and advice on building wealth through property investment.
Hosted by, Dion Fernandes, a seasoned finance professional with over 13 years of experience, each episode delves into the intricacies of property purchasing, offering valuable tips and strategies for those looking to create wealth through real estate.
From basic questions to advanced technicalities, Dion brings on trusted advisors and specialists in their fields to provide listeners with practical knowledge and actionable steps.
Whether you're a first-time buyer, a seasoned investor or simply looking to expand your property portfolio, Finance This, Property That is here to empower and educate you every step of the way.
Finance This, Property That
Episode 15 - Why Your Bank Might Be Costing You Money
Episode Title: Why Your Bank Might Be Costing You Money – And How to Fix It
Synopsis:
In this episode of Finance This, Property That, host Dion Fernandes, a seasoned mortgage planner, shares how banks might be holding you back from reaching your financial goals. Through a real-life example, Dion explains how a young couple struggled with their bank’s advice and how he saved them over $6,000 per month by restructuring their debt. He discusses the importance of optimizing borrowing capacity, improving loan structures, and seeking the right advice, highlighting how working with a mortgage broker can open doors to better financial strategies and tax benefits.
Episode Breakdown:
- [00:00] – Introduction: Dion introduces the topic – how your bank may be costing you money and limiting your financial goals.
- [01:20] – The Case Study: A young couple seeks advice on buying and developing property but hits obstacles with their bank.
- [03:00] – Identifying the Problems: Borrowing capacity, inefficient debt structure, and lack of proper tax advice.
- [05:00] – Debt Restructuring: Dion optimizes their loan structure, saving them over $6,000 per month.
- [07:10] – Tax Benefits and Loan Strategy: How smarter loan management and tax strategy helped secure their financial future.
- [09:20] – The Value of a Mortgage Broker: Why using a broker offers more flexibility and better long-term planning than a bank.
- [10:30] – Conclusion: Dion summarizes the couple's success and invites listeners to explore mortgage broker services for better financial outcomes.
Duration: 11 minutes 30 seconds
This episode is packed with practical advice for homeowners and investors looking to optimize their financial situation. Learn how the right debt structure can save you thousands and why consulting a mortgage broker early on can be a game-changer for your financial legacy.