Unconditional Guest interview - Justin Thom from MAP Home Loans
from Unconditional Hosted by SMS Law
About This Episode In this episode, mortgage strategist Justin Thom shares expert insights on navigating the current lending landscape, understanding media myths, and optimising your mortgage process amidst recent policy changes in Australia. Keywords Mortgage, Lending, Property Law, Negative Gearing, Investments, Australia, Home Loans, Property Market, Financial Planning. Resources Justin Thom - MAP Home Loans - https://www.linkedin.com/in/justinthom/ Negative Gearing Policy - Australian Government - https://www.ato.gov.au/Business/Income-and-deductions-for-business/Negative-gearing/ Property Investment Strategies - MAP Home Loans - https://www.maphomelones.com.au LinkedIn Profile - https://www.linkedin.com/in/justinthom/ Key Topics Myths about bank lending practices Impact of recent policy changes on borrowing capacity Importance of a strong team in property transactions How negative gearing and tax reforms affect investors Key factors influencing mortgage approval and serviceability Chapters 00:00 Introduction and Guest Background 01:28 Common Myths About Bank Lending Practices 02:30 Media Myths vs Reality in Foreclosures 03:21 Traits of Clients with Smooth Loan Processes 05:12 Impact of Recent Policy Changes on Lending 07:00 Negative Gearing Changes and Borrowing Capacity 09:09 Status of Negative Gearing for New vs Existing Properties 11:08 Effects of Policy on Pre-Approvals and Borrowing 12:13 Advice for Investors Waiting on Policy Outcomes 13:27 How Banks Assess Serviceability Beyond Income 15:01 Surprising Factors in Serviceability Checks 16:10 Additional Expenses Banks Consider in Loan Assessments 17:35 Tips for Achieving Unconditional Loan Approval 19:30 Justin's Streaming Recommendations and Closing Remarks
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