Tune in to our latest podcast episode where we dive into the world of finance and property with our legendary Wonder Woman broker, Louise.
Join us as we unravel the mystery behind getting finance when you're approaching retirement age or unemployed.
Discover insider secrets, including how to present yourself to lenders, leveraging reverse mortgages, and innovative strategies like renovating your way out of a mortgage.
Plus, uncover the hidden potential of credit cards and charge cards for financing your next project.
Don't let age or financial constraints hold you back—listen now!
“The initial problem is they have to justify their lending capacity to ASIC and APRA. If you're giving them a 30 year loan, do they have the capacity to repay that loan? And if they don't, what are you doing about it? And so we have to find a way to present your story to the lender in a way that makes it easy for them to say yes, because they have an excuse to give you the money and they want to lend to you, don't be mistaken. But some lenders are much easier than others in terms of age related. Policy but there are lots of things you can do to make yourself more appealing."
-Louise Lucas
EPISODE HIGHLIGHTS:
00:00 Introduction
02:47 Understanding Lender Concerns
04:55 Challenge Age Stereotypes
05:50 Investment Opportunities Beyond Age
06:54 Renovating to Erase Mortgage
07:51 Securing Financing Strategies
09:58 Unlocking Equity in Retirement
12:13 The Enriching Journey of Renovation
15:13 Interest and Offsetting
16:23 Costs of Borrowing
18:18 Renovation as Business
20:12 Persistence Pays Off
24:16 Alternative Funding Sources
28:21 The Broker Advantage
30:02 Access to Diverse Lenders
31:28 Ongoing Loan Review
32:40 Avoiding "Lazy Tax
34:57 Empowering Women in Property
Resources
Property Education
https://propertyed.com.au/
Airbnb
https://www.airbnb.com/
The School Of Renovating
https://www.theschoolofrenovating.com
She Renovates Podcast
https://www.theschoolofrenovating.com/podcasts-page/
Connect with The School of Renovating
ASK BERNADETTE
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Subscribe to She Renovates Apple Podcast
https://apple.co/3faoWlT
Subscribe to Youtube:
https://www.youtube.com/c/TheSchoolOfRenovating
Follow on Twitter
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Follow on Instagram
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243 Build Smart: How do I choose the right Builder with Bernadette & Stephen Janson
242 Designing Sustainability: Passive House design with Audrey Whisker, director of Whisker Architecture
241 - Mastering the Market: Strategic Renovations for Maximum Return
239 - Audience Question: I'm over 60, with a Successful Business but +still Renting my Home. Retirement is looming, What can I do?
238 - How Shop Till You Drop & Build Wealth At The Same Time with Pascale Helyar-Moray
237 - International buyer’s agent and interior designer with Ben Dinning
236 - Bringing Luxury Home: The Art of Importing Renovation Supplies with Ozge Fettahlioglu
235 - The Art of Transformative Printing with Peter Wagner and Deborah de Jong
234 - She Renovates: A New Era of Joint Ventures with Bernadette Janson
233 - Property Development Secrets with Alex Steffan: A Deep Dive into Property Development Strategies Revolutionizing Interiors
232 - Property Developments: Building Wealth and Lifestyle through Property with Amanda McEwin
231 - The Art of Finding Trustworthy Trades: The Building Dreams Group with Tara Vandeligt
230 - Should I Be Considering Renovating In 2024 with Bernadette Janson
229 - Maximizing Property Potential: Insights from a Buyer’s Agent with Jo Vadillo
228 - She Renovates 2023: Unlocking Property Finance Secrets with Louise Lucas
227 - The Dynamic Duo of Property Development: Bob Andersen and Hilary Saxton
226 - Self-Managed Super Funds... The Good, The Bad And The Ugly with Lina de Marco
225 - Empowering Women’s Financial Freedom: Conversations with Marie Vlahos
224 - Mastering A First-Time Renovation: Nick & Louise Lucas’ Property & Personal Transformation with Nick & Louise Lucas
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