A mortgage is a big thing to sign up for, so it's important to know how it works and how you can have it set up to suit your situation. Co-host of my millennial money and my millennial property, John Pidgeon, joins Azaria to help talk through:
👉🏼who sets up your mortgage and some options for how you can set up repayments (get the help of an awesome mortgage broker)
👉🏾how to choose the right mortgage product for you
👉a few tricks to pay off your mortgage sooner
👉🏻some terminology you'll need to understand before you sign on the dotted line (fixed rate, variable rate, principle, interest, offset account, lenders mortgage insurance (LMI))
👉🏼the way interest works and what a principle + interest (P+I) vs interest only loan looks like
If you'd like to chat with someone about your situation, get in touch: https://www.sortyourmoneyout.com/reach-out
Subscribe to my millennial property: https://player.whooshkaa.com/shows/my-millennial-property
Thanks to Up Bank for supporting gen z money! Sign up with them and get $5 in your new account: https://link.up.com.au/GENZMONEY. Product & offer T&Cs @ up.com.au/terms. Up accounts issuer Bendigo & Adelaide Bank.
Need a way to manage your cash? Check out Glen's online course using the link below - get $20 off when you use the code "genz":
For podcast resources, links to our stuff, disclaimers & warnings about this episode + more... check out: https://www.sortyourmoneyout.com/genz-shownotes
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