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 burdle 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  our 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/



CONNECT WITH LADIES FINANCE CLUB

Join our free facebook group - Ladies Finance Club Money Chat

Website: https://www.ladiesfinanceclub.com/

Instagram: https://www.instagram.com/ladiesfinanceclub/

LinkedIn: https://www.linkedin.com/company/ladies-finance-club/

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 burdle 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  our 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 <a href="https://www.nhfic.gov.au/support-buy-home/first-home-guarantee">First Home Guarantee Scheme</a>, 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:
<a href="https://www.nhfic.gov.au/support-buy-home/first-home-guarantee">First Home Guarantee</a>
CONNECT WITH GRACE BOWE:
Website: <a href="https://www.coasthomeloans.com.au/about-us">https://www.coasthomeloans.com.au/about-us</a>
Instagram: <a href="https://www.instagram.com/coasthomeloans/">@coasthomeloans</a>
Facebook: <a href="https://www.facebook.com/CoastHomeLoans/">https://www.facebook.com/CoastHomeLoans/</a>
 
CONNECT WITH LADIES FINANCE CLUB
Join our free facebook group - <a href="https://www.facebook.com/LadiesFinanceClub/">Ladies Finance Club Money Chat</a>
Website: <a href="https://www.ladiesfinanceclub.com/">https://www.ladiesfinanceclub.com/</a>
Instagram: <a href="https://www.instagram.com/ladiesfinanceclub/">https://www.instagram.com/ladiesfinanceclub/</a>
LinkedIn: <a href="https://www.linkedin.com/company/ladies-finance-club/">https://www.linkedin.com/company/ladies-finance-club/</a>

Welcome to Get Rich by Ladies Finance Club - the personal finance podcast that helps women do just that: get rich and stay rich. Hosted by Molly Benjamin, founder of the award-winning Ladies Finance Club and a reformed hot financial mess, this is where smart, ambitious women come to take control of their finances, grow their wealth, and level up their money game.  

We make personal finance fun, fearless, and totally doable no matter where you're starting from. No confusing jargon, no guilt trips - just high-impact, simple money strategies that anyone can start using right away.  

Whether you’re saving for a home deposit, creating a budget that actually works, investing in property or the sharemarket, growing your income, or finally figuring out superannuation, this podcast has you covered.   Hit subscribe and let’s get rich (and stay rich) together.

Welcome to Get Rich by <a href="https://instagram.com/ladiesfinanceclub">Ladies Finance Club</a> - the personal finance podcast that helps women do just that: get rich and stay rich. Hosted by Molly Benjamin, founder of the award-winning Ladies Finance Club and a reformed hot financial mess, this is where smart, ambitious women come to take control of their finances, grow their wealth, and level up their money game. &nbsp;
We make personal finance fun, fearless, and totally doable no matter where you're starting from. No confusing jargon, no guilt trips - just high-impact, simple money strategies that anyone can start using right away. &nbsp;
Whether you&rsquo;re saving for a home deposit, creating a budget that actually works, investing in property or the sharemarket, growing your income, or finally figuring out superannuation, this podcast has you covered. &nbsp; Hit subscribe and let&rsquo;s get rich (and stay rich) together.

Ladies Finance Club - Get Rich 

Welcome to Get Rich by Ladies Finance Club- the personal finance podcast that helps women do just that: get rich and stay rich.

Hosted by Molly Benjamin, founder of the award-winning Ladies Finance Club and a reformed hot financial mess, this is where smart, ambitious women come to take control of their finances, grow their wealth, and level up their money game.  

We make personal finance fun, fearless, and totally doable no matter where you're starting from. No confusing jargon, no guilt trips - just high-impact, simple money strategies that anyone can start using right away.  

Whether you’re saving for a home deposit, creating a budget that actually works, investing in property or the sharemarket, growing your income, or finally figuring out superannuation, this podcast has you covered.  

Hit subscribe and let’s get rich (and stay rich) together.

Welcome to Get Rich by Ladies Finance Club- the personal finance podcast that helps women do just that: get rich and stay rich.
Hosted by Molly Benjamin, founder of the award-winning Ladies Finance Club and a reformed hot financial mess, this is where smart, ambitious women come to take control of their finances, grow their wealth, and level up their money game. &nbsp;
We make personal finance fun, fearless, and totally doable no matter where you're starting from. No confusing jargon, no guilt trips - just high-impact, simple money strategies that anyone can start using right away. &nbsp;
Whether you&rsquo;re saving for a home deposit, creating a budget that actually works, investing in property or the sharemarket, growing your income, or finally figuring out superannuation, this podcast has you covered. &nbsp;
Hit subscribe and let&rsquo;s get rich (and stay rich) together.

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