Ep 242: What Is The CCCFA & Why Is It Stopping You From Getting A Mortgage?

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著作 Ryan J Melton & Greg Moyle, Ryan J Melton, and Greg Moyle の情報はPlayer FM及びコミュニティによって発見されました。著作権は出版社によって所持されます。そして、番組のオーディオは、その出版社のサーバから直接にストリーミングされます。Player FMで購読ボタンをタップし、更新できて、または他のポッドキャストアプリにフィードのURLを貼り付けます。

New legislation has recently come into force, that is having a huge impact on first home buyers, and existing property owners.

The Credit Contracts and Consumer Finance Act, or CCCFA for short, isn't a new concept, but the changes are.

The biggest change is that lenders now need to assess your income, and spending habits, to decide if you can fund your mortgage, both now, as well as in the future.

CHAPTERS:

01:29 What is the purpose of the new CCCFA changes?

02:33 What does the CCCFA have to do with payday loans?

03:54 How does the CCCFA changes impact first home buyer?

04:14 What should you do before getting a mortgage in 2022?

10:08 How does the CCCFA changes impact rental property owners with an existing mortgage?

14:04 Conclusion

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