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Episode 17 - Finance with Steve Part 2
Welcome to episode 17 of The Enthusiast Lab,
In today's episode we have a long-awaited special guest – Stephen Lee from Indpeth Finance. We will be diving into all things finances because who better to answer the questions, than a mortgage broker!
This episode is be released as part 2 in a two-part series, where we deep dive into all the finance questions people ask us on a regular basis.
Today we talk about saving options and grants. We will discuss the WA State First Home Owners Grant (FHOG), Federal Single Parent Home Loan, Federal First Home Lenders Scheme. We then dive into what is a lenders mortgage insurance, what is stamp duty, what is a guarantor loan, what are genuine savings and what is Keystart.
In the second part of the episode we discuss the different savings methods; discussing the 1% deposit option all the way to a 20% deposit.
To answer the most commonly asked question: how much do you need to save?
The answer is much harder to answer than most realise, because it really depends on your financial situation.
As a general rule of thumb, 5k is a great place to start to get the ball rolling, but 25K is the magic number for better bank options and lower rates
You can contact Steve on [email protected]. If you would like to hear more from Steve or have any questions you would like answered by him in the future, send them through and we will get him back on the pod for a Q&A episode!
State revenue office website: https://www.sro.vic.gov.au/
As a little reminder – if there is a topic you want us to talk about in the future, please email your ideas through to [email protected]
That's it for today's episode!
We hope you found this topic helpful and helps you make a more educated decision on when you start looking into building.
** Disclaimer: While we try to be as helpful as possible, this podcast episode should not be considered as professional or financial advice. It contains general information only and you should seek out professional advice for your own personal circumstances before making any financial decisions.
Let's Meet in Person: https://calendly.com/mrenthusiast/60min
Let's Chat: https://calendly.com/mrenthusiast/quick-phone-chat
Website: https://mrenthusiast.net.au/
Facebook: https://www.facebook.com/MrEnthusiastNewHomesByNik
Insta: https://www.instagram.com/mr.enthusiast_new_homes_by_nik/
TikTok: https://www.tiktok.com/@mrenthusiast
Youtube: https://www.youtube.com/@mr.enthusiast8988
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By Mr EnthusiastWelcome to episode 17 of The Enthusiast Lab,
In today's episode we have a long-awaited special guest – Stephen Lee from Indpeth Finance. We will be diving into all things finances because who better to answer the questions, than a mortgage broker!
This episode is be released as part 2 in a two-part series, where we deep dive into all the finance questions people ask us on a regular basis.
Today we talk about saving options and grants. We will discuss the WA State First Home Owners Grant (FHOG), Federal Single Parent Home Loan, Federal First Home Lenders Scheme. We then dive into what is a lenders mortgage insurance, what is stamp duty, what is a guarantor loan, what are genuine savings and what is Keystart.
In the second part of the episode we discuss the different savings methods; discussing the 1% deposit option all the way to a 20% deposit.
To answer the most commonly asked question: how much do you need to save?
The answer is much harder to answer than most realise, because it really depends on your financial situation.
As a general rule of thumb, 5k is a great place to start to get the ball rolling, but 25K is the magic number for better bank options and lower rates
You can contact Steve on [email protected]. If you would like to hear more from Steve or have any questions you would like answered by him in the future, send them through and we will get him back on the pod for a Q&A episode!
State revenue office website: https://www.sro.vic.gov.au/
As a little reminder – if there is a topic you want us to talk about in the future, please email your ideas through to [email protected]
That's it for today's episode!
We hope you found this topic helpful and helps you make a more educated decision on when you start looking into building.
** Disclaimer: While we try to be as helpful as possible, this podcast episode should not be considered as professional or financial advice. It contains general information only and you should seek out professional advice for your own personal circumstances before making any financial decisions.
Let's Meet in Person: https://calendly.com/mrenthusiast/60min
Let's Chat: https://calendly.com/mrenthusiast/quick-phone-chat
Website: https://mrenthusiast.net.au/
Facebook: https://www.facebook.com/MrEnthusiastNewHomesByNik
Insta: https://www.instagram.com/mr.enthusiast_new_homes_by_nik/
TikTok: https://www.tiktok.com/@mrenthusiast
Youtube: https://www.youtube.com/@mr.enthusiast8988