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Could You Save Money Each Month on Your Home Loan? | Daniel Angelov

Episode Summary

Could you be paying more than you need to on your home loan? Julian Khursigara speaks with Aussie lending strategist Daniel Angelov about checking your current interest rate, asking your bank for a better deal, and deciding whether refinancing is right for you. They also discuss borrowing comfortably, the effect of existing debts, and why the lowest rate is not always the best fit.

Episode Notes

KEY TAKEAWAYS:

1. Check your latest loan statement so you know the rate you are paying.
2. Ask your existing bank what it can offer before deciding whether to refinance.
3. Reviewing your loan could lower your repayments, depending on your circumstances.
4. The maximum a lender will let you borrow may be more than you feel comfortable repaying.
5. Credit cards, car loans and other debts can affect borrowing capacity.
6. Existing home equity may create options worth exploring.
7. Loan features, flexibility and lender policies matter alongside the interest rate.

CHAPTERS:

00:00 Introduction and home-loan costs
00:55 Daniel’s background
08:23 Borrowers and market uncertainty
09:44 Looking beyond property headlines
10:56 Why the lowest rate is not everything
11:50 Checking your rate and speaking to your bank
13:07 Understanding home equity
17:14 Getting financially ready to buy
18:12 Borrowing capacity and comfortable repayments
19:03 How existing debts affect borrowing
21:33 Ownership structures and specialist advice
23:48 SMSF property considerations
25:42 Commercial-property lending
27:44 Making decisions in an uncertain market
32:13 A practical step to take this week
33:09 What a mortgage broker does beyond finding a rate

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LinkedIn: https://www.linkedin.com/in/daniel-angelov-75044834/