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Using the New Financial Year to Boost Your Ability to Get a Loan.

Oct 4, 2024 | Podcasts, Wealth Coffee Chats

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It’s Finance Friday at Wealth Coffee Chats, and in this episode Positive Money Lending Specialist Cang Dang walks us through some examples of using the start of the new financial year to increase your borrowing potential and boost your chances of getting an investment loan. How? Let’s Wealth Coffee Chat.

00:00 – Introduction.
02:05 – Show starts – Introducing Finance Friday with Cang Dang.
02:48 – NAB monthly CPI is at 2.7%. They expect rate cuts to begin in February 2025.
05:14 – The tricky minefield of providing the banks with your income statements.
07:41 – Increasing your borrowing power in the new financial year.
10:00 – Will second tier lenders drop their rates in line with the RBA? Yes and no.
11:15 – Conclusion – If you’re PAYG, you can use July, August and September to boost your borrowing.

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