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b"https://www.youtube.com/watch?v=yD__-JjLsOI\\n\\n\\n\\n\\n\\n\\n\\n\\nThere's been a lot of changes this year when it comes to property finance in Australia. Lowering interest rates, government incentives, easing lending requirements have all played a role in easier access to money.\\n\\n\\n\\nIn this episode we discuss with Michael Brown from MortgageBrokerSydney.com.au about what's been happening as well as some of the changes on the horizon.\\n\\n\\n\\n0:00 - Introduction0:43 - The Tighter Lending Environment of The Last Few Years3:57 - Covid's impact on lending5:22 - Government making lending easier7:45 - Investors vs Home Owners9:35 - Things to do to get a loan more easily11:08 - Will lending get easier in 2021?13:05 - Discounts for low risk investors16:20 - Refinancing18:11 - Deposit requirements\\n\\n\\n\\nTranscription\\n\\n\\n\\nRyan 0:00There's been a lot of changes this year. And in the last couple of years when it comes to housing finance and investment, property finance in Australia with everything that's happened with COVID-19, this year, lowering interest rates, government incentives, there's just a lot that's been going on. So today I've got with me, Michael Brown, who's a mortgage broker from mortgage brokers sydney.com.au. He's going to talk us through, you know, some of the changes that have been happening, and what the lending landscape looks like at the moment. So hey, Michael, thanks for coming on today.\\n\\n\\n\\nMichael 0:30Thank you very much, Ryan. Glad to be here.\\n\\n\\n\\nRyan 0:32So obviously, it's been an absolutely crazy year. With everything that has happened. He really through I guess, you know, going back to I think last time I really did not date on this was when Apple was bringing in their changes. This was even prior to Royal Commission. What was it like kind of going through that period of time where lending was getting tighter and more restrictive?\\n\\n\\n\\nMichael 0:56Look, that was an incredibly frustrating time for any mortgage broker. And lending in general, particularly mortgage broking because we had our profession splashed all over the headlines, in a disproportionate manner, I would have said give to the banks, who, broadly were the real culprits, if I can put it that way at the time, and I found it very difficult. But as a general ism, everyone became so careful, and really, just just wouldn't do anything. It was such a cautious atmosphere to try and get anything done. And it was, it was very difficult. It's a bit easier now. But certainly,\\n\\n\\n\\nRyan 1:41I kind of wanted to set up the contrast of what it's been like for the last couple of years to kind of what the landscapes like Now, obviously, COVID here, we had lock downs in Sydney, you know, around March or April, I can't even remember anymore. It's been that kind of year. But how have things changed now in the lending environment?\\n\\n\\n\\nMichael 1:59Is it easier to get lending at the moment. So if you if you walk through that period, very quickly, without trying to bore anybody, as the Royal Commission started to release findings, and you know, when people or institutions preemptively changed some rules, and then as they were advised of Royal Commission outcomes, they subsequently changed their rules, that produced a tightening of credit, which meant that it was more difficult to get money. And some of those rules you've seen, or you would have seen, sort of discussed with within the the media broadly around things like the level of investigation into people's living expenses, all the way down to what you had for lunch this week, which is a little bit excessive, but that's where we got to, and, and so at its worst, the the requirements for information were, you know, extensive, as much as information as you could possibly give, and even then more, I would have imagined, it'd be quite hard for investors to get bones around that time, just because of how tedious it would be to go through that process. Look, there were plenty of people who just gave up. And certainly,"