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Description

Episode Title: Why Your Bank Might Be Costing You Money – And How to Fix It

Synopsis:
In this episode of Finance This, Property That, host Dion Fernandes, a seasoned mortgage planner, shares how banks might be holding you back from reaching your financial goals. Through a real-life example, Dion explains how a young couple struggled with their bank’s advice and how he saved them over $6,000 per month by restructuring their debt. He discusses the importance of optimizing borrowing capacity, improving loan structures, and seeking the right advice, highlighting how working with a mortgage broker can open doors to better financial strategies and tax benefits.

Episode Breakdown:

• [00:00] – Introduction: Dion introduces the topic – how your bank may be costing you money and limiting your financial goals.
• [01:20] – The Case Study: A young couple seeks advice on buying and developing property but hits obstacles with their bank.
• [03:00] – Identifying the Problems: Borrowing capacity, inefficient debt structure, and lack of proper tax advice.
• [05:00] – Debt Restructuring: Dion optimizes their loan structure, saving them over $6,000 per month.
• [07:10] – Tax Benefits and Loan Strategy: How smarter loan management and tax strategy helped secure their financial future.
• [09:20] – The Value of a Mortgage Broker: Why using a broker offers more flexibility and better long-term planning than a bank.
• [10:30] – Conclusion: Dion summarizes the couple's success and invites listeners to explore mortgage broker services for better financial outcomes.

Duration: 11 minutes 30 seconds

This episode is packed with practical advice for homeowners and investors looking to optimize their financial situation. Learn how the right debt structure can save you thousands and why consulting a mortgage broker early on can be a game-changer for your financial legacy.