Do you understand Home Loans 101, and the various lending criteria that decide a ‘yes’ or a ‘no’?

Amy is a Mortgage Broker and owner of Good Green Home Loans. If you’re seeking sustainability from your home lenders and mortgage broker, you’ll love meeting Amy.

This is Part 2 of my conversation with Amy about home loans 101 and the lending criteria that will decide your mortgage.

You can listen to Part 1 here.

Good Green Home Loans is not your typical mortgage broking service.

Good Green Home Loans helps you make sustainable choices with your home loan, which is fantastic in exercising your buying power for greater environmental impact.

Amy Beattie is a mortgage broker who has built a business based on her personal commitment to improving the environment, and seeking a positive impact on the world.

Good Green Home Loans is here to help you find the right home loan at a great rate – using only environmentally responsible lenders who aren’t using their profit and power to support the fossil fuel industry.

Good Green Home Loans helps you make sustainable choices with your home loan, which is fantastic for exercising your buying power.

When we feel powerless to create change, it’s important to remember how powerful our personal spending decisions can be. We can send a great big message to the companies who seek to serve us, by demanding better from their businesses.

Amy is a wealth of knowledge and experience in helping those buying, building and renovating, find suitable, competitive loans, from ethical lenders.

In this episode, I ask Amy questions such as:

• What are some of the considerations you need to make when purchasing land in a bushfire prone area, to set yourself up for better chances with your finance applications?

• If you’re renovating an existing home in a bushfire prone area, what will lenders look at to see if you’re viable for borrowing for your project?

• Many people may have bought land some time ago that has since been given a bushfire overlay. What do you suggest they do in regards to reviewing the finance options for building a new home on that land?

• How do you see banks black-marking specific postcodes or areas, and on what basis?

• When looking at construction loans for new homes or renovations, what things do people need to consider with financing?

And lastly, we also discussed a scenario I’d been told about occurring after the 2009 Black Saturday fires …

One of the challenges that occurred for homeowners in 2009 Victorian fires was that the insurance settlements they received were actually full payouts of mortgages.

And so then they were left without a mortgage, no income due to not being able to work, or the fire destroying their business as well, and then no ability to secure finance.

What options (if any) might there be for people dealing with this now, or what alternatives there are for people?

So, let’s hear more from Amy Beattie.

LISTEN TO THE EPISODE NOW.

RESOURCES MENTIONED IN THIS PODCAST:

Good Green Home Loans
Website >> https://www.goodgreenhomeloans.com.au/
Instagram >> https://www.instagram.com/goodgreenhomeloans/