John chats with mortgage broker Rachelle Kroon from Sphere Home Loans about questions around mortgages and buying property.

Lenders Mortgage Insurance (LMI) is an insurance that you pay to cover the bank or lender against your risk. It is generally paid when the Loan to Value Ratio (LVR) is over 80%, so if you are borrowing over 80% of the value of the property. But did you know that there are ways to reduce or remove it? That’s where an experienced Mortgage Broker can help!

Dev Raga interviews Sphere Home Loan’s Director Rachelle Kroon and they talk Private Bank, Medical Professional Lending, Commercial Loans, and Loan Structures.

Cross collateralisation is a strategy used in lending where multiple assets are used to secure a loan or multiple loans.

While it can offer benefits like increased borrowing capacity, it also poses risks. At Sphere Home Loans, we understand the complexities of cross collateralisation and its potential implications for borrowers. We have the expertise to help our clients navigate this strategy effectively, ensuring they understand the risks and benefits involved.

Sphere Home Loans Director has written this month's blog on the intricacies of cross collateralisation, and it is worth a read!

John chats with mortgage broker Rachelle Kroon from Sphere Home Loans about valuations, private banks, knock down rebuild loans & short term rentals.

John chats with mortgage broker Rachelle Kroon from Sphere Home Loans about what's happening in the lending space.