Lister Finance

Lister Finance Lister Finance provides quality advice so that you can reach your financial goals and objectives

💡 Thinking about Rentvesting? For first-time buyers, rentvesting can be an alternative way to enter the property market....
27/10/2024

💡 Thinking about Rentvesting? For first-time buyers, rentvesting can be an alternative way to enter the property market. It allows you to buy an investment property in an affordable area while renting in your preferred location. Here’s what you need to know:

Pros:

- Build equity and generate potential rental income
- Maintain lifestyle flexibility by renting where you want to live
- Potential tax deductions on eligible expenses

Considerations:

- You may miss out on first-home buyer grants or concessions
- Exposure to investment risks like property value fluctuations and vacancy periods

This information is general and doesn’t constitute personal financial advice. Consult with a mortgage broker or financial advisor to see if rentvesting is right for you.

💡 What is Lenders Mortgage Insurance (LMI) and How Can You Avoid It?For many first-time buyers, Lenders Mortgage Insuran...
26/10/2024

💡 What is Lenders Mortgage Insurance (LMI) and How Can You Avoid It?

For many first-time buyers, Lenders Mortgage Insurance (LMI) is required if your deposit is less than 20%.

But here’s the good news—you might be able to reduce or even avoid LMI costs through government schemes, a guarantor, or professional exemptions!

Here’s what you need to know:

1️⃣ What is LMI? – It protects the lender if you can’t repay the loan, but allows you to buy a home with a smaller deposit.

2️⃣ When is it required? – Generally, if your deposit is under 20%, LMI applies. However, there are ways to reduce or avoid it.

3️⃣ Options to manage LMI – The cost of LMI can often be added to your loan, helping with upfront expenses.

Understanding LMI can help you make informed choices about your home loan.

Want to explore ways to minimize LMI on your mortgage? Let’s chat! 💬

💡 Looking to buy a home with little to no deposit? Using a guarantor could be the key to entering the property market so...
25/10/2024

💡 Looking to buy a home with little to no deposit? Using a guarantor could be the key to entering the property market sooner!

For many first-time buyers, it’s a powerful option—but it’s important to understand both the benefits and potential risks.

Here’s what you should know:

A guarantor can help you avoid Lenders Mortgage Insurance (LMI) and reduce the deposit needed.

However, there’s risk involved, as the guarantor’s assets may be impacted if repayments aren’t met.

Alternatives like government schemes and low-deposit options may also help you achieve your homeownership goals.

This is general information. Please consult a qualified mortgage broker or financial advisor to discuss what’s best for your situation.

💡 Are you paying a 'loyalty tax' on your mortgage? Many homeowners stick with their bank for years, unaware they’re payi...
23/10/2024

💡 Are you paying a 'loyalty tax' on your mortgage?

Many homeowners stick with their bank for years, unaware they’re paying a premium for staying loyal. Banks often offer better rates to new customers, leaving long-term clients paying more than they should.

Here’s why you should consider reviewing your mortgage:

1️⃣ New customers often get lower rates.

2️⃣ Refinancing could save you thousands.

3️⃣ It’s always worth shopping around for better deals.

Don’t let loyalty cost you! If you think you might be paying too much, let’s chat about your refinancing options and how you can save. 🏡💬

💡 Why You Need an Emergency FundLife is unpredictable, and an emergency fund can be your financial safety net when thing...
21/10/2024

💡 Why You Need an Emergency Fund

Life is unpredictable, and an emergency fund can be your financial safety net when things go wrong. Whether it's unexpected medical bills, car repairs, or a sudden change in income, having savings set aside helps you avoid debt and stay financially secure.

Here’s how to get started:

1️⃣ Start small – Set aside a little each month; it adds up over time.

2️⃣ Aim for 3-6 months of living expenses for a solid cushion.

3️⃣ Keep it accessible – A separate account is ideal for emergencies.

Protect your financial future by building an emergency fund today!

💡 Thinking about buying a home? It’s important to be aware of the upfront costs that come with homeownership! 🏡 Aside fr...
19/10/2024

💡 Thinking about buying a home? It’s important to be aware of the upfront costs that come with homeownership! 🏡 Aside from the deposit, there are other expenses like stamp duty, lenders mortgage insurance (LMI), legal fees, and ongoing maintenance costs that can add up quickly.

Here’s what you should factor into your budget:
1️⃣ Stamp duty
2️⃣ LMI (if your deposit is less than 20%)
3️⃣ Legal and inspection fees
4️⃣ Ongoing costs like rates and insurance

Being prepared for these hidden costs can make all the difference in your home buying journey. Need help navigating the process? Let’s chat! 💬

💡 How do interest rate changes impact your mortgage?With the RBA regularly adjusting rates, it’s important to understand...
17/10/2024

💡 How do interest rate changes impact your mortgage?

With the RBA regularly adjusting rates, it’s important to understand how these shifts can affect your repayments and overall loan costs. Whether you’re on a fixed or variable rate, now might be a great time to reassess your options! 📉📈

Here are a few things to consider:

1️⃣ Rate increases mean higher repayments, but it could also be a good time to refinance for better terms.

2️⃣ Fixed vs. Variable – Which is the right option for your current financial goals?

3️⃣ Loan features like offset accounts can help you manage in any rate environment.

Curious how the latest rate changes might affect you? Let’s chat and explore your best options! 🏡💬

🚫 Myth: The lowest interest rate is always the best option for a home loan.✅ Fact: While a low rate is important, it’s n...
16/10/2024

🚫 Myth: The lowest interest rate is always the best option for a home loan.
✅ Fact: While a low rate is important, it’s not the only thing to consider. Features like offset accounts, redraw facilities, and repayment flexibility could save you more in the long run. Plus, some loans with low rates have hidden fees that can add up!

When choosing a loan, it’s essential to look at the bigger picture. Let’s work together to find the best loan option for your needs—not just the lowest rate. 🏡💡

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3/34 Charles Street
South Perth, WA
6151

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