Steph Scott - Finance Broker

Steph Scott - Finance Broker - New Mortgages and Refinancing
- Car Finance
- Boat Finance
- Equipment Finance (Fork Lifts, Cranes, Mining Equipment etc.)

Talk to your kids about how you and your family need to earn your money, and why you can’t just have as much of it as yo...
22/05/2024

Talk to your kids about how you and your family need to earn your money, and why you can’t just have as much of it as you want. Talk about what you do to earn a living.

Show your child how everything around them costs money. Start with easily recognisable things, like food, clothes, toys and the petrol you need to take them to the endless sporting commitments and social events they enjoy. Get your child to imagine their life without the things that really matter to them, like their toys, the TV or their favourite dinner.

Activity:
Write a list of household tasks that your child could do, like emptying the dishwasher, vacuuming the floor, and hanging out the washing. Put a price next to each task. When your child completes a task, pay them the amount shown. This teaches your child that money doesn’t just appear out of nowhere, you need to earn it.

My favourite way of getting those pesky jobs done is to offer up jobs with their price. $2 to vacuum is my going rate, my kids treat it like a game - its a win/win!

With an interest only home loan you only pay the interest amount. This is for a set interest only period before your hom...
15/05/2024

With an interest only home loan you only pay the interest amount. This is for a set interest only period before your home loan automatically reverts to principal and interest repayments. Interest only payments are lower than if you were paying both the principal and interest components, however your loan balance won’t be reducing.

At the end of your interest only period, the balance of the loan must be paid back to the lender over the period remaining before the end of the loan term. This means that the principal and interest repayments will be higher than they would have been before the interest only period.

There are certain benefits to choosing an interest only home loan. These include:
- A way to manage your finances by reducing your monthly repayments.
- Access to extra cash as you will not be paying the principal amount.
- Possible tax benefits if you’re an investor.

Now we have covered both P&I loans as well as IO loans, lets chat to see which option best suits your individual needs!

Your home loan is made up of two parts: the loan principal and the interest.The loan principal is the amount you borrow ...
14/05/2024

Your home loan is made up of two parts: the loan principal and the interest.

The loan principal is the amount you borrow to fund your property purchase. This is the difference between the full cost of the property and your deposit.

The interest is the amount you're charged by the lender for borrowing the principal amount.

Advantages of a principal and interest loan:
- pay less interest over the life of the loan
- pay a lower interest rate compared to interest-only rates for an equivalent home loan
- pay off your loan faster, so you'll own your property outright sooner.

Disadvantages of a principal and interest loan:
- repayments are higher than interest only
- may not be as tax-efficient for investment loans.

With inflation still coming down it is expected that there will be a rate cut towards the end of this year. Now is the p...
07/05/2024

With inflation still coming down it is expected that there will be a rate cut towards the end of this year. Now is the perfect time to call me to discuss your borrowing power to be prepared for when these cuts are passed on by lenders!

📲 0422 628 003
[email protected]

Finance can be fun!
02/05/2024

Finance can be fun!

Finance jargon can be confusing. As your broker I will take the confusion out of the process and find you the best mortg...
15/04/2024

Finance jargon can be confusing. As your broker I will take the confusion out of the process and find you the best mortgage product for your situation.

Happy Easter! I hope everyone is rolling in chocolate and having a beautiful long weekend with their loved ones 🩷
31/03/2024

Happy Easter! I hope everyone is rolling in chocolate and having a beautiful long weekend with their loved ones 🩷

While I can't plant money trees, I can help make a few of these dreams a reality. Which one would you pick first?
27/03/2024

While I can't plant money trees, I can help make a few of these dreams a reality. Which one would you pick first?

They say home is where the heart is, which does your heart desire? 🌊 beach house 🌆 city house 🐑 country house 🏠 modern h...
08/03/2024

They say home is where the heart is, which does your heart desire?

🌊 beach house
🌆 city house
🐑 country house
🏠 modern house

Address

1 Canning Highway
Fremantle, WA
6160

Website

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