Joe Carroll
speaker
211 appearances
1 recordings
1 series
first heard Jul 2026
last heard 13 Jul
Joe Carroll’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 1 in all, peaking in Jul 2026 with 1.
Appearances
See, I interpreted that question completely differently.
So they are different.
We're getting there.
I had one last week.
Yeah, you do.
Yeah, I had one last week.
Sorry, Jill, jumping in.
So I had a client.
They had an $800,000 home loan.
They needed $700,000 for their transition into the new property they were looking at.
They were self-employed, but they hadn't – basically their returns for what was last financial year couldn't support that.
So what we –
recommended they do was go back to their original lender which was not us and do a substitution of security because they didn't need to increase the amount of debt that they were getting and they were needed to secure this other property so what they did was they took the loan that they had secured against their current property and they've moved that over to the new property right now there are prerequisites involved in this it sounds simple but it's not because you can't really be putting the bank into a worse position than what they were currently in
So you can't have a million dollar home and then transition a 700 grand debt over to an $800,000 home.
They're not going to be happy with that because that's putting them in a worse position than what they were previously.
But often that isn't the case because people's properties have increased accordingly.
But there are situations where it's called for.
I think the reasons why people might not understand subsidized security, that might have been a more junior employee.
Yeah.
But a lot of brokers would be aware of it.
Showing 181–200 of 211 · page 10 of 11
← Previous
Next →