Login

New podcast episode

Getting on the property ladder with Grace Bowe

LISTEN ON ITUNES
LISTEN ON SPOTIFY

Episode Description

 
 

Getting on the property ladder with Grace Bowe

 

On today’s episode we have the wonderful Grace Bowe joining us. Grace is a mortgage broker and she takes us through what you need to do to get onto that property ladder!

 

Grace is passionate about educating and empowering Australians to improve their financial literacy and their financial well-being. We have that in common!

 

So many women ask me if it’s even possible to get on the property ladder?! Grace is here to step us through why it is NOT impossible!

 

One of the reasons that buying a house can feel so out of reach is that 20% deposit! Grace steps us through some different ways around the 20% deposit hurdle and what exactly Lenders Mortgage Insurance (LMI) is.

 

Grace steps us through some of the common mistakes that people make buying property, including not using a mortgage broker, credit limits and the loyalty tax. And no, that first tip is not a shameless plug. Mortgage brokers can make the stress and overwhelm of home loans so much more simple. They’re essentially like a personal shopper for your home loan! We also bust some myths around mortgage brokers and how they are paid!

 

So next. How do we work out the price limit for your new home? Grace explains that knowing what your borrowing capacity is is the most important first step! She also steps us through about what makes a good home loan application and what banks look for when they’re considering lending to you.

 

Then, how do you actually go about buying a house?! Grace explains what a pre-approval and why it makes such a big difference when you’re putting an offer in.

 

Grace also takes us what to do if we’re struggling with a deposit. She talks us through the government scheme called First Home Guarantee Scheme, how some professions have the LMI waived and what the guarantor scheme is.

 

What about your credit score? We bust myths around why you don’t need a credit card and how to make sure yours is up to scratch.

 

Grace also steps us through some topics you may of heard of but are not quite sure why they actually are! The different interest rates, offset accounts, building and pest checks, why you need a solicitor / conveyancer and what we should look for in a home.



Finally, Grace gives us some hot tips on how we can pay our home off quicker. These are so easy and make a big difference!

 

Ladies, if you’ve been thinking about property but have zero idea where to begin, this episode will be a game changer for you!

 

Resources mentioned:

First Home Guarantee

 

CONNECT WITH GRACE BOWE:

Website: https://www.coasthomeloans.com.au/about-us

Instagram: @coasthomeloans

Facebook: https://www.facebook.com/CoastHomeLoans/

Transcript

 
 

Grab a drink and tune in
to our podcast:

 

 

 

Best ways to save money
How to get out of debt
Where you should be investing your money
How to prepare for retirement now
How tax works


A money podcast that doesn’t make you want to hit snoozville (pop the prosecco)! Ladies Finance Club is here to brighten up the pale stale world of finance and help you to get money savvy!


Ladies Finance Club Founder, Molly Benjamin and leading financial planner interview guests on a range of personal finance topics using jargon-free language helping listeners to understand the world of money and how they can take control of their financial futures!


From investing, tax, debt, pensions, money mindset, property we will answer the questions you feel you should know the answers to or are just too scared to ask!

TUNE IN NOW

Don't miss another party episode

Here's your open invite, friend

 

 

SUBSCRIBE ON ITUNES

The information provided on our website or at this seminar, online course, event, webinar or workshop is general in nature and is not personal financial product advice. Read Full Disclosure Here.