Welcome back to That Backyard Property Podcast Miniseries! In this episode we delve into key bank policies crucial for mortgage brokers. The host explains various aspects such as bonus income, parental leave, guarantor requirements, self-employed borrowers, using equity, mortgage insurance waivers, the first home guarantee scheme, and bridging finance. Learn which banks are suitable for different scenarios and understand the importance of each policy to make informed lending decisions. Join us next week for a detailed miniseries on bridging finance. Stay tuned and stay informed!
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Website: https://tuskfinance.com.au
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Chapters:
00:00 Introduction to Bank Policies
01:04 Understanding Bonus Income
01:43 Parental Leave and Loan Eligibility
02:34 Using Gifts for Loan Contributions
03:06 Guarantor Requirements
03:58 Loans for the Self-Employed
05:27 Equity and Cash Out Options
07:07 Mortgage Insurance Waivers
08:06 First Home Guarantee Scheme
08:55 Bridging Finance Overview
10:04 Conclusion and Next Steps
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Produced by Podwave Studios: https://www.podwavestudios.au
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