It’s pretty safe to say most people know the more money you make each year the more the banks should lend you, but how much does the way you spend your money affect how much you can borrow? Quite a lot actually, and we mean A LOT… Just to be clear we’re not referring to people that make $100k each year and blow it all at the casino, obviously the banks aren’t going to lend you much, if anything, in that situation.
This episode is all about household expenses that can be pretty normal and easy to overlook, but have a massive effect on how much you’re able to borrow and possibly invest into property. To explain how this works we’ve got expert mortgage broker Chris Bates on board to walk us through two hypothetical scenarios ( couple Jayden and Jenny ) and (Single Sean) Chris will help open up how removing each of the 4 most common expenses from Sean and Jayden & Jenny’s budgets can not only make them more desirable in the eyes of the bank, but also drastically change the amount of money our hypothetical people can borrow and invest. This episode will change the way you look at simple expenses forever!
Chat in more detail with Chris and his team: https://www.wealthful.com.au/
Join me “Todd Sloan” each week, as I dig deep into the lives and experiences of a different industry leader each week to bring you the best property content in the country.
YouTube Pizza & Property: https://www.youtube.com/channel/UCgXX6ibW7WEFbWkf-jslDvQ?view_as=subscriber
Facebook Pizza & Property: https://www.facebook.com/Pizza-and-Property-2111096335696398/?modal=admin_todo_tour
ASK YOUR LISTENER QUESTION BY VISITING THE WEBSITE BELOW
Website: https://www.pizzaandproperty.com/
Disclaimer: All discussions are general in nature and should never be considered financial advice, please seek your own professional financial advice. The content displayed on the website, podcast and blog is the intellectual property of the Pizza and Property. You may not reuse, republish, or reprint such content without our written consent.