In this mini-episode of That Backyard Property Podcast, we discuss the crucial topic of obtaining a home loan while on maternity or parental leave. This episode provides an essential guide on how to apply for a mortgage during this period, focusing on the importance of a return to work letter and the necessity of having adequate savings. We explain the income evaluation process for both employed and self-employed individuals and stress the importance of financial planning before having a child.
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Chapters:
00:00 Introduction to the Episode
00:11 Understanding Home Loans During Parental Leave
00:41 Bank Requirements for Loan Approval
03:00 Self-Employed Parents and Home Loans
03:30 Encouragement and Final Thoughts
04:12 Closing Remarks and Community Engagement
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Produced by Podwave Studios#maternity #Realestate #MichaelKilliner #PodwaveStudios