ASK288: Should I consider this ratio when buying? PLUS: Can I finance a refurb with an offset mortgage?

Welcome back to another episode of Ask Rob & Rob. The guys are ready and raring to go, answering more caller questions.  

Kicking things off this week is Andrew.  

Andrew wants to know if the average house price to earnings ratio is something that The Robs think people should consider when looking to purchase a property.  

Or is it just simply based on mortgage costs and interest rates? 

Our next question comes from Joe.  

Joe’s been doing all his homework and has read all of Rob D’s books. He’s convinced that the only way to renovate a house and sell it on quickly is by using a bridging loan.  

But Joe has since spoken to someone who told him offset mortgages were also a good option if you already own your own home.  

So, naturally Joe wants to get Rob & Rob’s advice to see if they’d recommend using an offset mortgage.  

Tune in to find out what they say. 

 

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