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Banks are already reacting to proposed negative gearing changes. Borrowing power could drop 20% & pre-approvals are being reassessed. Don’t sign without unconditional approval. #Mortgage #HomeLoans #PropertyMarket

16,530 Aufrufe • vor 2 Monaten •via X (Twitter)

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Your salary is no longer an OBSTACLE. Say hello to the “Family Backed Mortgage” designed to help first-time buyers get onto the property ladder. 🏡 With bank of mum and dad drying up, house prices high and affordability tight, this could be a major option for families trying to help the next generation buy their first home! Here’s how it works: A family member supports the mortgage using their income, which increases the buyer’s borrowing power. But importantly… The buyer still owns 100% of the property. Normally, lenders calculate affordability based on the buyer’s salary alone. With a family-backed mortgage, the lender also considers the supporter’s income, meaning the buyer may be able to borrow more than they could alone. The supporter (usually a parent or close family member) is added to the mortgage to support affordability. But they don’t have to be on the property deeds, so they don’t own the home. Over time, once the buyer’s income is strong enough to support the mortgage on their own, the family member can be removed from the mortgage. This means the buyer eventually holds the mortgage independently. Why this matters: • First-time buyers can borrow more • Families can help without gifting huge deposits • Buyers keep full ownership of the home What are the risks? If payments aren’t made, the supporting family member is still responsible because they’re on the mortgage. So it’s important everyone understands the commitment. Conclusion: For families with strong incomes but children struggling with affordability, family-backed mortgages could become increasingly common in the UK housing market. Would you support your child’s mortgage like this? Does this sound appealing? Is this just what you needed to get your first home? 🤔

HeWantsWealth© 🇯🇲📈💸💎

39,520 Aufrufe • vor 5 Monaten

🚨 “EVERYONE WILL BE ON THIS” — TOP PLASTIC SURGEON CALLS RETATRUTIDE THE GREATEST DRUG EVER CREATED A viral interview featuring Dr. Terry Dubrow is exploding after he made a claim that’s catching serious attention: Retatrutide, a new drug from Eli Lilly and Company, could be the most powerful peptide we’ve ever seen. And according to him, it’s already spreading before approval. • Completed all 3 clinical trial phases (not FDA approved yet) • Expected approval timeline: potentially within months • Triple-hormone mechanism (fat loss + muscle preservation + appetite control) • Being called the next evolution of GLP-1 drugs He claims compounding pharmacies are already making versions of it. Meaning people are taking it right now, without regulation. • “Everyone’s on it” - especially in gym circles • No oversight on sourcing, purity, or dosing • Unknown additives, contamination risks, or long-term effects • No clarity on where it’s being manufactured And yet the hype is exploding: • Being labeled a potential trillion-dollar drug • Said to outperform current weight-loss injections • Designed to burn fat while preserving muscle, something older drugs struggled with But it doesn’t stop at weight loss. According to Dr. Dubrow, drugs in this category are being explored or used for: • Alzheimer’s • Heart disease (already approved in some cases) • Arthritis • Addiction (including alcohol dependence) • Schizophrenia • Early-stage cancer research (tumor growth slowdown) The logic? It all comes back to blood sugar control, inflammation, and metabolic health. Systems tied to nearly every major disease. Which leads to the bigger claim: That in the near future… people won’t just take these drugs to lose weight. They’ll take them to live longer. But here’s the part no one can answer yet: If millions are already using unregulated versions… what exactly are they putting into their bodies? Is this the biggest medical breakthrough of the decade... or a mass rollout happening before anyone’s ready? 📹: YouTube/truehustlepodcast

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Something strange is happening in markets, and almost nobody is watching it. US stocks are surging. Tech is euphoric. Semiconductors are going vertical. The party is back on. Except in Hong Kong. The Hang Seng is falling hard, going the opposite direction. That matters, because Hong Kong is the money gateway into China and across Asia. Money flows through it when people believe in China, when trade is strong, when dollars are easy. So ask the uncomfortable question. What is Hong Kong seeing that everyone else is ignoring? The answer is in China's credit markets. For new credit, bonds have now passed bank loans for the first time. About 30% of the credit stock in May, a record. The official spin is modernization. China moving from property to a high-tech, capital-markets future. It sounds reassuring. It is not. Here is what they leave out. Bank lending creates money. A loan makes a new deposit, new purchasing power, on the spot. Bond issuance does not. Someone buys the bond with savings that already exist. It just moves money around. So bonds can only cushion the fall. They cannot replace the credit that banks are no longer creating. And the banks are pulling back for a reason. A slow-motion credit crisis. As many as 100 million consumers struggling to service their debt. Bad household loans up 21% to a record 2.2 trillion yuan. Nearly 11% of adults behind on payments. Now ask who is issuing all these bonds. Not companies expanding. The government, borrowing to paper over the gap. That is not modernization. Heavy government issuance means the private sector is too scared to borrow, so the state steps in. That is desperation. We have seen this movie. Post-2008 US and Europe. Banks retreated, bonds backstopped, and the economy got the silent depression anyway. That is what Hong Kong is pricing. Not a recovery. Bonds are not the sign China solved its problems. They are the sign the banks can no longer carry them.

Jeffrey P. Snider

30,043 Aufrufe • vor 1 Monat