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436 | Warning! Don’t Fall For THESE Mortgage Myths

By in Podcast, Property Investment

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Last week we sat down with one of our Mortgage Brokers and well, they shared a client’s story which completely shattered our hearts and became the driver behind today’s show….

You see, this client had fallen for a common but sadly misguided lending myth which resulted in her losing THOUSANDS of dollars…😮🙁   

That’s why, in this episode, we’ve switched things up to become Ben and Bryce, your Mortgage MythBusters!!  

From debunking the 8 most common mortgage myths to unpacking where these misconceptions came from, we’ll be sorting fact from fiction as we determine which myths are tales of caution to heed, and which are just misinformed opinions.  

And yes, we DO actually share the horror story which was the motivator of today’s show – tune in to 50:03 to hear what happens when bankers dish out the wrong advice  😞😭  

Seriously folks, avoid falling into the same lending mistakes and find out the truth in today’s episode.  

Tune in now or watch the episode below 😊  >>

Free Stuff Mentioned… 

 

Want to work with Bryce & Ben’s Award-Winning Team? 

 

Here’s some of the gold we cover… 

  • 0:00 – Warning! Don’t Fall For THESE Mortgage Myths
  • 1:28 – One of us is 100% over the footy talk 😉  
  • 3:54 – The books Ben reckons will become classics!  
  • 4:36 – Mindset Minute: “Your results are largely a by-product of your….”  
  • 6:56 – Are you MoneyFIT? (aka. are you turning your flywheel?)  
  • 10:43 – Myth #1  
  • 11:00 – Ben’s answer + why!  
  • 13:27 – And THIS is why it’s a myth in the first place 
  • 16:33 – Myth #2 
  • 15:44 – The truth about businesses 🤯 
  • 20:17 – Consider these factors if you’re thinking of starting a small business…  
  • 24:09 – Myth #3  
  • 24:25 – This comes from an old legacy (and how it’s really done today!)  
  • 27:33 – Myth #4 
  • 27:44 – The Tough Reality (Ben gives you a demo of what brokers hear every day 😉)  
  • 32:46 – Myth #5 
  • 33:00 – Just 3 words folks: Lead. Generation. Tools!!!  
  • 36:39 – Content marketing, digital fingerprints, and how to find reliable readings  
  • 40:12 – Myth #6 
  • 40:21 – The method traditional lenders use to conduct their assessments!  
  • 41:50 – Is there a way around this?  
  • 44:28 – Myth #7  
  • 45:01 – How a loan becomes polluted!  
  • 50:03 – A true and tragic case study 🙁  
  • 54:52 – Myth #8 
  • 56:41 – Private Lenders: Would we recommend it?!  
  • 59:49 – Let’s recap! 

And… 

 

Get Moorr out of your money! Log in or create your free account via the Moorr web platform, or download the app on Apple and Android and transform the way you view and track your wealth.

 

431 | Paying Too Much Interest? 6 Ways To Avoid Overpaying

By in Podcast, Property Investment

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A mortgage is one the biggest loans most people will ever take out in their life. It’s a scary thought.  

Now here’s the only thing scarier than that…  

Being stuck in Mortgage Jail – and not realising it!  

This sad truth is unfortunately what too many folks are facing, especially with rising rates. That’s why in Episode 431, we’re shining a light on why EVERYONE needs an investment-savvy broker to help them break out of Mortgage Jail and stop overpaying on interest – for good.   

To help us do this, we’re sharing real client stories from our amazing team of investment-savvy brokers who work at the coal face of the lending game every single day.

(For the folks that don’t know – we’ve had the absolute privilege and honour of changing thousands of clients’ lives through Empower Wealth, our award-winning financial advisory.)

From refinancing to bridging, we’ll share 6 creative and clever ways that they’ve found the best solution for our clients and beaten the banks at their own game.  

 And of course, we’ll be dialling it up with tons more wisdom like…
👉 How to tell the difference between an average broker and an investment-savvy broker?
👉 What is Mortgage Prison (and why the banks DON’T want you to know about it)
👉 Why You Need to Fall In Love With The Finances (NOT the bank) and much, much more!  

Another episode with so much gold, listen in now!  

 

P.S. If you’d like to do beat the banks too and save thousands of dollars in interest like our clients already have, why not work with our team! Reach out today for a 100% free, no-obligation chat today >> 

 

P.P.S. Pheewww (That’s how we imagine a party horn sounds when written down) — It’s our 8th Birthday TODAY!! 🎂🍰🧁🥳 🙌🎈🎉🎊 To see our first 20 episodes grow to a collection of 431 episodes (with many more to come) makes our hearts glow with warmth and our faces beam with pride. Thank you to our amazing TPC tribe for tuning in each and every week ❤️ 

 

Free Stuff Mentioned… 

 

Want to work with Bryce & Ben’s Award-Winning Team? 

 

Here’s some of the gold we cover… 

  • 0:00 – What’s in store today… 
  • 1:27 – Missed the PICA webinar? Become a member to watch the replay today!  
  • 2:36 – Mindset Minute: When the line between necessities & luxuries blur 😮  
  • 7:11 – Our yardstick for helping clients (Yep. This is a REAL number)  
  • 10:43 – The set-up for today…  
  • 13:13 – Folks, APRA is locking us up in mortgage prison! Here’s Why.  
  • 17:42 – Story #1: They saved how much in interest?!?  
  • 19:16 – Year to Date: How we made it work in our favour.   
  • 21:29 – Story #2: We earned $0. But what we got was priceless.  
  • 23:46 – Refinancing: How To Negotiate Revert Rates  
  • 26:22 – THIS is what experience from an investment-savvy broker brings!!  
  • 28:43 – Bonus Story: This is what folks stand to gain… 
  • 29:40 – Story #3: The solution was simple; all that was needed was the leg work. 
  • 30:55 – Story #4: The loan was only of modest size. So how did we get them the best rate? 
  • 34:45 – There’s A LOT of competition right now; how can you make the most of it? 
  • 37:46 – Story #5: 2 hours work for a $12K incentive?! This is the deal we cut.  
  • 40:44 – This is why you shouldn’t be wedded to your banks!   
  • 42:24 – The Mechanics Behind A Bridging Loan 🌉  
  • 44:51 – Story #6: Their livelihoods were riding on this house. Here’s how they bought it – without the Bank of Mum & Dad!  
  • 47:10 – Why it’s not just about the tactics folks!  
  • 48:13 – This is why Credit Policy knowledge is critical! (Over $30K saved straight up!?!)  
  • 51:18 – The difference between a broker and an investment-savvy broker… 
  • 53:26 – The Key Takeaways (& Free Resources!)  
  • 55:08 – We’re gunning to save $3M+ of interest for our clients. Want to be part of this? Have a FREE, no-obligation chat with our award-winning investment-savvy Mortgage Broking team today. Click here to get started >>  

And… 

 

Get Moorr out of your money:
Log in or create your free account via the Moorr web platform, or download the app on Apple and Android and transform the way you view and track your wealth. 

406 | How to Beat the Banks at Their Own Game

By in Podcast

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Market sentiment is in a hairy place. 

Every day costs are rising, people are worried and purse strings are being pulled tighter.  

So how can you make sure you’re not leaving any money on the table?  

Well, from our experience, one of the biggest “money pits” people fall into is their mortgage loans. Specifically, folks don’t know how to find – and maintain – the best rate for them.  

Here’s the deal… 

When folks first start with their mortgages, all the banks are jumping with great offers. But it’s what happens after they’ve have been with a bank for a while that stumps them. 

How can they continue to stay on the best rates (and pay off your mortgage quicker) when banks are too busy offering their best deals only to new clients?!   

That’s why in today’s episode, Bryce & Ben are consolidating their insider’s knowledge and experience to give you the 7-lesson cheat sheet on… 

How to beat the banks at their own game.  

There’s tens of thousands of dollars on the line if you don’t play the mortgage game right, so tune in now! 😱😱😱 

 

Free Stuff Mentioned… 

  • Discover the TRUE cost calculator (How to Calculate Profit from Property Investment) here. 
  • Want to take the “Do it With Us” Approach? Check out our YouTube Channel for regular insiders gold on property investing and building wealth.  
  • Rather take the “Get it Done for You Approach”? Our team would love to have a free, no-obligation chat with you! Start a conversation with us today. 
  • Watch our short and sweet “Don’t Leave Money on the Table – Moorr Series” here.  
  • Free Money Management Platform – Want more out of your finances? Try moorr here.  
  • Listen to our latest episode (which reached #2 on the iTunes Chart!): Episode 405 | Why the Great Australian Renter’s Tax is Everyone’s Problem!? 

 

Want to work with Bryce & Ben’s Award-Winning Team? 

 

Here’s some of the gold we cover… 

  • 0:00 – What’s in store…  
  • 2:20 – A kind review + could you do us a favour?  
  • 4:44 – Principles vs. Self-Interest  
  • 8:50 – The 4 ways banks make money off customers  
  • 13:45 – How “sticky” are you? 
  • 14:55 – #1: Lenders Go on Sale – Why do they do it?  
  • 16:08 – Folks, start to think of your mortgage as a c_m_ _d_ty!  
  • 19:30 – #2: Published Rates Are Negotiable  
  • 19:50 – What is a Highly Prized Client?  
  • 22:20 – How can you get the best deal?  
  • 23:00 – Why is property investing an insider’s game?! 
  • 25:51 – #3: Discount Rates can be Misleading 
  • 27:09 – Watch out for this common trick!!  
  • 29:25 – #4: Comparison Rates  
  • 30:14 – The real problem with these rates… 
  • 30:56 – How are comparison rates calculated??  
  • 32:47 – What the…The TRUE cost calculation!  
  • 37:04 – A quick disclaimer (This is a snapshot folks!)  
  • 39:48 – #5: The Loyalty Tax 
  • 40:48 – Why new borrowers get better deals 🙁  
  • 43:15 – Don’t overpay because of THESE money pits… 
  • 44:59 – Do these things and see how you benefit!  
  • 48:17 – #6: Bank’s Customer Service & Retention Teams – what do they do? 
  • 50:00 – You can expect this to happen when you decide to leave…  
  • 52:22 – This is how an investment-savvy Mortgage Broker will really benefit you… 
  • 54:00 – Don’t get mad – get even! (Don’t be this person)  
  • 56:01 – #7: Complexity is Real 
  • 57:17 – Why 72% of all lending today is handled through Mortgage Brokers…  
  • 1:02:50 – Having a Broker is like having a partner!  
  • 1:04:48 – What should you do next?  
  • 1:06:00 – Want to learn more? Check out our newest Moorr video series here.  

And… 

  • 1:06:50 – Here’s how you can take action today folks.  
  • 1:08:33 – If you’re keen to have our brokers do your review, select Finance and Loan Structure when booking your free, no-obligation consultation here.  
  • 1:09:49 – Why the Greedy Property Investor narrative is FALSE (1 man and 283 properties?!?)  
  • 1:12:58 – This is the worst outcome for tenants… 

 

382 | “Property Investors are Tired of Being the ATMs for the State!” – Chat with Antonia Mercorella

By in Podcast

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Queensland has been through A LOT folks.  

With the 2022 floods estimated to cost $2.5B in damage and more than 5,000 homes inhabitable, in the words of today’s podcast guest Antonia Mercorella: 

“We are facing a humanitarian crisis in Queensland”  

Together, we’ll be unpacking the housing crisis that Queenslanders are waking up to every day, how this added demand will impact the states ALREADY struggling rental system… 

AND how REIQ and Q Shelter’s “Help House a Queenslander” campaign can help with the ongoing housing crisis! 

And if the name Antonia Mercorella sounds familiar to you – we’re proud to say it’s because she’s a returning guest from Episode 280!!  

Antonia is not only the Chief Executive Officer at the Real Estate Institute of Queensland (REIQ), but she’s an accomplished CEO and solicitor with more than 20 years of experience across the real estate and property sectors!  

But don’t get us wrong – when we say Queensland’s been through a lot, it’s not all bad!

We’ll be unpacking it from the top, starting with the pandemic when Brisbane’s property market was HOT, and exploring what lifestyle drivers push people to move interstate!  

And let’s just say that Antonia makes a very convincing case to move to the Sunshine State 😉 (Hey, we’re halfway to packing our bags). 

We’ll also be looking at the State Government’s announcement to potentially introduce land taxes and why it’s a terrible idea!!!  

So if you’re interested in what this all means for the future of Queensland’s property market (and the wider Australian market), tune in now!!  

Free Stuff Mentioned

 

Here’s what we cover…

  • 2:18 – Life is all about choices folks!
  • 3:24 – A quick update on what we’re watching… 
  • 7:10 – Welcome back Antonia!!  
  • 8:23 – Antonia’s money story: From immigrants to property investors
  • 12:40 – The Italian culture and its impact on money values  
  • 20:45 – Why is Queensland’s market so heated?!  
  • 28:45 – How gentrification affects the future of a city!  
  • 30:22 – What is the future of Brisbane’s rental vacancies?  
  • 36:30 – “Property Investors are tired of being the ATMs for the State”: Why Antonia is against Queensland’s Land Tax! 
  • 43:56 – Why Ben is also against Queensland’s Land Tax!! 
  • 47:09 – When Victoria tried to introduce Land Tax (and how that ended up!)  
  • 50:38 – What life is like for flood-affected Queenslanders  
  • 54:10 – What does this mean for an ALREADY struggling rental system… 
  • 55:45 – REIQ and Q Shelter’s “Help House a Queenslander” campaign
  • 58:59 – What does the Queensland market need to get out of this crisis?
  • 1:01:03 – How will Queensland’s 2022 floods affect its future property market?
  • 1:02:47 – Antonia’s predictions for housing demand in QLD  
  • 1:05:55 – How climate change is changing asset selection!  

And… 

  • 1:10:45 – Bryce’s lifehack for greater productivity!!  
  • 1:12:19 – Is 2022 the Year of the Unit?  
  • 1:14:23 – All the single ladies (…are getting onto the property market!)  

 

380 | Is the Property Market Past its Peak?

By in Podcast

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With Australia’s housing boom slowing and interest rates on the horizon, folks it’s finally time to ask… 

Is the property market past its peak?! 

To help us answer this question we’re doing a deep data dive into CoreLogic’s Hedonic Home Value Index February report!

We’ll be unpacking the cycle just passed, its monthly and annual data, and what it means for our future…

 

But remember folks: We’re talking about the peak rate of growth!

While this means we probably won’t see the same level of growth in 2021, it does NOT mean you shouldn’t invest for the rest of the year!!

We’re also making some projections into 2022’s capital growth, breaking it down to the positives and negatives we expect to see in demand and supply.

You can expect us to cover everything from population movement to immigration, commuting to climate change and more!! 

 

But before you go check out the podcast, we’ve got a special announcement…

IT’s OUR 7th BIRTHDAY!

(Well, it was last week but time flies when you’re having fun 😉). A huge thank you to the Stig, our team, and all our listeners and contributors who make us what we are! 

But back to the good stuff… this episode has loads of future predictions that could help you make the best decisions in 2022, so tune in now!

 

Free Stuff Mentioned

 

Here’s what we cover…

  • 2:28 – It’s our birthday! (Well belated 😉) A big THANK YOU to all our listeners!
  • 4:40 – Oldrentvestor aka. Jane, contact us for a free “Start & Build” course! You’ve warmed our hearts.
  • 7:10 – Break the Cycle. Be the Change.
  • 9:30 – What we saw over the past cycle (and what caused it!)
  • 12:00 – 2 important indicators that investors should research
  • 14:14 – Data diving into the numbers!
  • 15:54 – Median house values have tipped over THIS mark in Sydney, Melbourne and Brisbane
  • 17:05 – We’re seeing the ___ of the cycle! (In terms of RATE OF GROWTH)
  • 18:15 – The Australian property market through the pandemic till now.
  • 21:00 – What do we mean by markets within markets?
  • 23:38 – Why Perth is in for an interesting ride…
  • 24:50 – The ____ quartile has seen the greatest growth (And what this means!)
  • 26:40 – What is Hobart’s income story?
  • 28:00 – Just remember THIS when people are talking about debt!
  • 28:55 – Looking forward to 2022 (In terms of future capital growth!)
  • 29:46 – Demand negatives: The who, what, why and when of Population Movement
  • 32:28 – The Affordability Story
  • 35:00 – How Queensland’s floods are impacting property markets
  • 36:40 – Demand positives: Immigration and home ownership
  • 37:40 – The Government’s forecast for incoming travellers!
  • 41:17 – As property prices slow, ____ will go higher
  • 42:20 – Supply Positives: Cost to build, normalisation of markets and more!
  • 44:55 – Why is Nimbyism good for capital growth?
  • 46:35 – Supply Negatives: Commutable markets
  • 51:00 – Remember it’s the long-term game folks!
  • 51:33 – Our 2022 predictions
  • 54:05 – Have you thought to use THIS as a portable phone stand?

 

 

 

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