
In this mini-episode, we dive into the massive changes introduced by UBank that are shaking up the Australian property industry. A major myth in housing is that you need a 20% deposit to buy property, but UBank is proving that false, especially for investors!We break down how UBank is now allowing borrowers—including investors—to secure a loan with only a 10% deposit and completely avoid paying Mortgage Insurance. This is a huge development, potentially saving investors $15,000 to $25,000 in MI costs!Tune in to see how you can benefit!
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Chapters:
00:00 Introduction and Episode Overview
00:11 UBank's Industry-Changing Guarantee Scheme
00:48 Avoiding Mortgage Insurance: Various Strategies
01:45 Debunking the 20% Deposit Myth
02:59 UBank's New Policy for Investors
03:39 Understanding Equity and Investment Strategies
05:00 UBank's Competitive Edge for Investors
06:55 The Importance of Mortgage Brokers
07:18 Community Engagement and Closing Remarks
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General advice only and not personal advice. CRN 485467
Produced by Podwave Studios
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