Essential Finance Tips for First-Time Homeowners with Tony Van De Kerkhof

In this episode of Building Your First Home, finance expert  Tony Van De Kerkhof, the director of The Finance Family, joins us to discuss essential aspects of the property market and lending in today's economic climate. Tony, who has a diverse background, including living in China and founding multiple businesses, provides insights on the critical role finance brokers play in home building, the influence of deposits and lender's mortgage insurance (LMI), and the importance of making informed financial decisions. We also explore trends in the property market, the impact of interest rates, and strategies for first-time buyers to enter the property market successfully.

(01:04) The Role of a Finance Broker

(02:39) Navigating Bank Policies and Broker Benefits

(07:59) Understanding Deposits and Servicing

(11:35) Lender's Mortgage Insurance Explained

(20:16) The Psychology of Sacrifice and Delayed Gratification

(25:30) The Cost of Building a Home Today

(25:43) Generational Differences in Home Buying

(26:20) Supply and Demand in the Housing Market

(27:15) The Reality of Land Size and Development

(28:46) The Value of Comfortable Living

(29:52) Outdoor Space vs. Indoor Comfort

(33:02) The Psychology of Home Buying

(38:54) Interest Rates and Market Predictions

(44:02) Advice for First-Time Home Buyers

Building a home should be an exciting and enjoyable journey, but the overwhelming amount of information and differing opinions can lead to confusion and costly mistakes. "Building Your First Home" is a podcast designed to educate and inform listeners about the tricks, traps, jargon, and complexities of home building. Join hosts Justin Engelke and Jordan Wilson as they interview industry experts and professionals, providing valuable insights to help you make the right decisions on your home-building journey.

For more information or to start your home-building journey, visit - turnkeybuildinggroup.com.au

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