 In this special episode, Veronica interviews our co-host Chris Bates, financial adviser, mortgage broker and the founder of Wealthful, a boutique financial firm that assists couples and families to secure bespoke financial products. Over the last 20 years, individuals and families have been increasingly opting to obtain their finance through mortgage brokers (over 60%) rather than go through a bank. Chris discusses this current trend and where the benefits lie when choosing a broker over a bank.

Here’s what we covered:
Broker vs private banker?
Are you with the most appropriate bank?
Why are you limited to going directly to the bank?
Are you dealing with the real talent at your bank?
How the banks have discriminated against industries?
Bank Policies how often are they changed?
How long are bankers turn around times
Can you use a broker to get a better rate at your bank?
Which banks don't use brokers?
How to find a good broker?
What questions to ask your broker?

MENTIONED EPISODES:Episode 53 | Jennie Tonner

HOST LINKS: Looking for a Sydney Buyers Agent? www.gooddeeds.com.au Work with Veronica: info@gooddeeds.com.au 

Looking for a Mortgage Broker? www.wealthful.com.au Work with Chris: hello@wealthful.com.au

Buy the book - AUCTION READY How to buy property at auction even though you’re scared s#!tless:www.getauctionready.com.au Use the coupon ELEPHANT for your 30% listener discount.

EPISODE TRANSCRIPT: Please note that this has been transcribed by half-human-half-robot, so brace yourself for typos and the odd bit of weirdnessThis episode was recorded on 26 March, 2020.

https://www.theelephantintheroom.com.au/podcasts/119

In this special episode, Veronica interviews our co-host Chris Bates, financial adviser, mortgage broker and the founder of Wealthful, a boutique financial firm that assists couples and families to secure bespoke financial products. Over the last 20 years, individuals and families have been increasingly opting to obtain their finance through mortgage brokers (over 60%) rather than go through a bank. Chris discusses this current trend and where the benefits lie when choosing a broker over a bank. Here’s what we covered: <ul> <li style="font-weight: 400;">Broker vs private banker?</li> <li style="font-weight: 400;">Are you with the most appropriate bank?</li> <li style="font-weight: 400;">Why are you limited to going directly to the bank?</li> <li style="font-weight: 400;">Are you dealing with the real talent at your bank?</li> <li style="font-weight: 400;">How the banks have discriminated against industries?</li> <li style="font-weight: 400;">Bank Policies how often are they changed?</li> <li style="font-weight: 400;">How long are bankers turn around times</li> <li style="font-weight: 400;">Can you use a broker to get a better rate at your bank?</li> <li style="font-weight: 400;">Which banks don't use brokers?</li> <li style="font-weight: 400;">How to find a good broker?</li> <li style="font-weight: 400;">What questions to ask your broker?</li> </ul> MENTIONED EPISODES:<a href="https://www.theelephantintheroom.com.au/podcasts/052" target="_blank" rel="noopener">Episode 53 | Jennie Tonner</a> HOST LINKS: Looking for a Sydney Buyers Agent? <a href="http://www.gooddeeds.com.au" target="_blank" rel="noopener">www.gooddeeds.com.au</a> Work with Veronica: info@gooddeeds.com.au  Looking for a Mortgage Broker? <a href="https://www.wealthful.com.au/" target="_blank" rel="noopener">www.wealthful.com.au</a> Work with Chris: <a href="mailto:hello@wealthful.com.au">hello@wealthful.com.au</a> Buy the book - AUCTION READY How to buy property at auction even though you’re scared s#!tless:<a href="http://www.getauctionready.com.au" target="_blank" rel="noopener">www.getauctionready.com.au</a> Use the coupon ELEPHANT for your 30% listener discount. EPISODE TRANSCRIPT: Please note that this has been transcribed by half-human-half-robot, so brace yourself for typos and the odd bit of weirdnessThis episode was recorded on 26 March, 2020. <a href="https://www.theelephantintheroom.com.au/podcasts/119" target="_blank" rel="noopener">https://www.theelephantintheroom.com.au/podcasts/119</a>

Who's really in control when you buy a property?

The Elephant In The Room is where the things that no one wants to talk about, actually get talked about.  

Veronica Morgan, real estate agent, buyers agent and co-host of Foxtel’s Location Location Location Australia & Chris Bates, financial planner, mortgage broker and wealth coach have joined forces to find out what’s really going on in the world of real estate.

Veronica and Chris talk to property owners and buyers every day in their respective lines of business. They’ve observed a wide spectrum of confidence in people’s decision making ability when buying and selling property, often to the detriment of the individuals concerned. They are both fascinated by consumer behaviour and together they’re going to uncover who’s really making the decisions when you buy a property.

In each episode they get into the psyche of buyers, agents, auctioneers and other industry experts to learn the truth about how buyers are influenced and why they do the things they do. In every episode you’ll learn from the mistakes of a “property dumbo” as well as Chris & Veronica’s “elephant rider bootcamp” training session.

The plan? This property podcast has been created to help us all make better property decisions!

We talk about the things no one wants to talk about in the Property Market

The Elephant In The Room Property Podcast | Inside Australian Real Estate

What's the disadvantages with going direct to bank versus the advantages of going with a broker?

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