Michelle Isemonger

speaker

262 appearances 1 recordings 1 series first heard Jul 2026 last heard 19 Jul

Michelle Isemonger’s voice in public audio — every appearance, attributed to the second.

Trend

recordings per month · last 12 months

Recordings per month over the last 12 months — 1 in all, peaking in Jul 2026 with 1.

Appearances

newest first · ▶ plays the moment

The Prosperity Project · What banks really check before approving your mortgage · 19 Jul 2026 podcast

So that's when you can sort of dive deeper into interest.

increasing your repayments to get a bit more traction.

Because usually, especially first home buyers, for the first couple of years, they're going, oh my God, it's like a drop in the bucket and nothing's happening on my online banking.

Where's my money going?

Yeah.

And I mean, that comes down to, I mean, what we do in terms of looking at people's bank statements.

And, you know, there's beautiful programs that you can use that you can capture people's expenses.

So at the end of the day, if someone's eating out every single night and they're spending, I don't know, $2,000 a month on discretionary eating and they're going, I'm going to spend $50 a week.

If it's too much of a lifestyle change, it's just not realistic.

And the bank will pick up on that.

as well but also it's a matter of having that conversation going what is your lifestyle going to look like when you purchase a property obviously people are realistic and they do adjust but if someone's going and I have had clients go if I can't go on a holiday every year I don't want to purchase the property or I don't want to borrow that much and that's completely fine but it's a matter of being sort of open and honest and having those conversations and then obviously disclosing that to the bank as well to make sure that the mortgage is fit for purpose for them.

It is a good question, and there are lots of rules and restrictions around it, definitely.

So you've obviously got the Kaingora First Home Loan as well.

That's a beautiful product for people that have as little as a 5% deposit.

Low equity lending generally with the bank is when you've got between a 10% to 20% deposit.

And there are restrictions that the banks put in place, as you've mentioned, that there is sort of limited amount of lending that they can give out.

So generally they don't pre-approve you if you are looking at buying an existing property, but they will pre-approve you if you're looking at buying a new build.

And of course, you know, the Reserve Bank's wanting to encourage people to purchase new builds as well.

Showing 21–40 of 262 · page 2 of 14