How Renting a Room Can Boost Your Home Loan Capacity

 

 

Thinking about buying your first home but not sure how recent changes might affect you?

 

In this episode of their podcast, Nicola and John Kefalianos discuss exciting new policies from the Commonwealth Bank aimed at helping first home buyers enter the property market.

 

They explain how renting out a spare room can significantly increase borrowing capacity, allowing individuals to borrow an additional $50,000 by simply renting a room for $150 a week.

 

John elaborates on the benefits of HECS debt management and how to reduce the buffer rate from 3% to 1%, leading to a substantial increase in borrowing potential. They also touch on the recent government promise to reduce HECS debts by 20%, further aiding first home buyers.

 

Watch this episode for practical advice and the latest financial strategies to help you succeed in today’s property market.

 

 

Chat with John about how much you can borrow: 
johnk@financelab.com.au

 

Finance Lab: 
https://www.financelab.com.au/

 

 

 

Disclaimer: This podcast provides general information only and is not legal, financial, or professional advice. Listeners should seek personalised advice from licensed professionals for their individual circumstances. The hosts and guests are not liable for actions taken based on this content. Opinions expressed are those of the hosts and guests, not any official institution.

How Renting a Room Can Boost Your Home Loan Capacity
&nbsp;
&nbsp;
Thinking about buying your first home but not sure how recent changes might affect you?
&nbsp;
In this episode of their podcast, Nicola and John Kefalianos discuss exciting new policies from the Commonwealth Bank aimed at helping first home buyers enter the property market.
&nbsp;
They explain how renting out a spare room can significantly increase borrowing capacity, allowing individuals to borrow an additional $50,000 by simply renting a room for $150 a week.
&nbsp;
John elaborates on the benefits of HECS debt management and how to reduce the buffer rate from 3% to 1%, leading to a substantial increase in borrowing potential. They also touch on the recent government promise to reduce HECS debts by 20%, further aiding first home buyers.
&nbsp;
Watch this episode for practical advice and the latest financial strategies to help you succeed in today&rsquo;s property market.
&nbsp;
&nbsp;
Chat with John about how much you can borrow:&nbsp; <a href="mailto:johnk@financelab.com.au">johnk@financelab.com.au</a>
&nbsp;
Finance Lab:&nbsp; <a href="https://www.financelab.com.au/">https://www.financelab.com.au/</a>
&nbsp;
&nbsp;
&nbsp;
Disclaimer: This podcast provides general information only and is not legal, financial, or professional advice. Listeners should seek personalised advice from licensed professionals for their individual circumstances. The hosts and guests are not liable for actions taken based on this content. Opinions expressed are those of the hosts and guests, not any official institution.

Hi I'm Nicola!

I wanted to make this podcast to share my journey of buying my first home! I'm so lucky to have a Dad with tons of property experience as my mentor. I want to share all the ups and downs of my journey and every lesson I learn from dad with you guys! I hope my experiences helps you get into your first home, Wish me luck getting into mine first home 🙂

If you have any questions you want to ask on the show please send them in and if you want to talk with my dad directly as a broker feel free to send an email through.

Chat with John about how much you can borrow johnk@financelab.com.au 



Disclaimer: This podcast provides general information only and is not legal, financial, or professional advice. Listeners should seek personalized advice from licensed professionals for their individual circumstances. The hosts and guests are not liable for actions taken based on this content. Opinions expressed are those of the hosts and guests, not any official institution

Hi I'm Nicola!
I wanted to make this podcast to share my journey of buying my first home! I'm so lucky to have a Dad with tons of property experience as my mentor. I want to share all the ups and downs of my journey and every lesson I learn from dad with you guys! I hope my experiences helps you get into your first home, Wish me luck getting into mine first home 🙂
If you have any questions you want to ask on the show please send them in and if you want to talk with my dad directly as a broker feel free to send an email through.
Chat with John about how much you can borrow <a href="mailto:johnk@financelab.com.au">johnk@financelab.com.au </a>
 
Disclaimer: This podcast provides general information only and is not legal, financial, or professional advice. Listeners should seek personalized advice from licensed professionals for their individual circumstances. The hosts and guests are not liable for actions taken based on this content. Opinions expressed are those of the hosts and guests, not any official institution

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