Andrew Wheatley
speaker
168 appearances
3 recordings
1 series
first heard Sep 2022
last heard Oct 2022
Andrew Wheatley’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsNo recordings in the last 12 months.Older appearances are listed below; set an alert to hear about the next one.
Appearances
But when you get into a relationship with a bank, they have the exact opposite goal of you.
You want as much of your money every month to go off your mortgage payment, and they want as much of your money every month to go in interest into their profits because that's
That's their job.
They've got shareholders.
They need to make a profit.
The first one is just the time it takes to compare banks.
We're pretty conditioned to think that, well, if all the banks suck, what does it really matter?
I'll just ring up my bank, see if they'll drop my rate a little bit and I'll just take whatever they give me.
And that usually works, except a few months later, they put the rate up and you're back exactly where you started.
So being able to compare banks and figure out which one is the best for you takes time and it can be a real pain.
One of the other ones is just moving banks.
For most people have thought of moving banks, setting up all your bank accounts again.
It's like going to the dentist.
You just don't want to do it.
Easy solution to that is you don't need to move all your banking when you move banks.
You're just picking up your mortgage, auction off to the highest bidder, move all your savings into the new offset account, leave your bank account where it is, let your pay go where it is, all your direct debits can stay where they are.
What would you say?
It's exactly what we've just been talking about.
People need to refinance more often.
Once you understand how banks work and you're able to know the right time to move your mortgage and the right place to take it to, if you do nothing else, let's say, for example, refinance roughly every two to three years,
Showing 61–80 of 168 · page 4 of 9
← Previous
Next →