333 loans: parental guarantees, fixed or variable rates, offset vs redraw, interest only or P&I + more

👉why would someone go to a mortgage broker instead of a bank for their finance?

👉🏾should I choose a fixed or variable loan rate and what are the pros and cons of each?

👉🏼what’s the difference between an offset account and redraw facility + how do they work and do you need one?

👉🏽getting into the market (potentially sooner) with a parental guarantee: how it works, can you use one for an investment property and can you use them more than once?

👉🏻should I go with interest only or principal and interest for my loan repayments on my home or investment property?

Check out The Glen James Spending Plan and use coupon code "m3p" to save $20: https://education.mymillennial.money/courses/the-glen-james-spending-plan

Send us your questions! Use #property or #firsthomebuyer in the m3 Facebook group: facebook.com/groups/mymillennialmoney

Take a look at John’s Solvere Online Academy and Emily’s online course (The Buying Coach) at the link below.

For podcast resources, links to our stuff, disclaimers & warnings about this episode + more... check out: mymillennial.money/m3pshownotes

🛑 This podcast is for education and entertainment purposes. It is not intended as a substitute for professional financial, tax or legal advice. Any advice is general financial advice only which does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you do choose to buy a financial product read the product disclosure statement and obtain appropriate financial advice tailored to your needs. We may discuss products, services and answer listener questions on this video for entertainment & illustration purposes only. We may change the name of the questioner for anonymity. It is impossible to give you personal advice on an entertainment podcast as we do not know the details of your personal financial situation. While we do our best to provide accurate information, we accept no responsibility for any inaccuracies that may be communicated in this podcast. SYMO interactive Pty Ltd, the publisher of the podcast, is an authorised representative of MoneySherpa Pty Ltd which holds financial services licence 451289. Please read our Financial Services Guide located at mymillennial.money. This podcast is intended for residents of Australia.

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