Lachlan McKean
BONUS INCOME - WHY SEE A BROKER?
See how consulting a mortgage broker helps applicants boost borrowing power by $110,000 by choosing the right lender for his bonus income.
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Lachlan McKean
Oct 33 min read
PROPERTY MARKET & RBA INTEREST RATE UPDATE - LBK OCTOBER 2024 NEWSLETTER
This Newsletter will explore the Property Market and the current trends along with the RBA's recent update of keeping interest rates steady.
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Lachlan McKean
Sep 202 min read
FIRST HOME GUARANTEE SCHEME - ONLY A 5% DEPOSIT REQURIED
Eligible First Home Buyers can purchase a $700,000 property with just a $40k deposit under the First Home Guarantee Scheme. Find out more!
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Lachlan McKean
Aug 302 min read
BODY CORPORATE FEES NOW INCLUDED IN STANDARD LIVING EXPENSES: A GAME-CHANGER FOR BORROWERS
New policy includes body corporate fees in standard living expenses, boosting borrowing power. Review your loan capacity—it might be higher!
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Lachlan McKean
Jul 192 min read
PAYG COMMISSION INCOME - HOW IS IT ASSESSED?
Understand how different banks evaluate commission income for PAYG employees and why a mortgage broker is crucial for these deals.
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Lachlan McKean
Jun 202 min read
NEW STAMP DUTY CONCESSIONS
First home buyers in Queensland could save up to $17,350 under new state government stamp duty concessions as of 9th June 2024 (initially...
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Lachlan McKean
May 294 min read
LMI WAIVERS: A KEY ADVANTAGE FOR ACCOUNTANTS, LEGAL & MEDICAL PROFESSIONALS
Lenders offer LMI exemptions 90% loans for accountants and legal professionals and 95% for medical professionals reducing upfront costs.
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Lachlan McKean
Apr 202 min read
OFFSET ACCOUNTS - WHAT ARE THEY AND HOW DO THEY WORK?
The unique feature of an offset account is that the balance held in this account is offset against the outstanding balance of the loan.
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Lachlan McKean
Mar 282 min read
LENDERS MORTGAGE INSURANCE (LMI) - WHAT IS IT?
What is LMI? Lenders Mortgage Insurance (LMI) is applicable when you have less than 20% of the property's purchase price.
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Lachlan McKean
Feb 162 min read
FIXED VS VARIABLE INTEREST RATES
Choosing between fixed and variable interest rates is a crucial decision when obtaining a loan or a mortgage.
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Lachlan McKean
Jan 192 min read
THE PROPERTY MARKET 2024 - KEY TRENDS TO WATCH OUT FOR
The 2024 property market within Australia is shaping up to be very interesting with Migration, Building Approvals & Interest Rates.
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Lachlan McKean
Dec 12, 20232 min read
WHY DO PEOPLE REFINANCE?
If you have a home loan, you’ve likely heard someone say before that 'you should look into refinancing.' But what actually is refinancing?
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Lachlan McKean
Nov 22, 20232 min read
WHY A PRE-APPROVAL IS YOUR HOMEBUYING ADVANTAGE
Unlock property possibilities with mortgage pre-approval: know your buying power, prevent heartache, and streamline the process. Start today
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Lachlan McKean
Oct 27, 20232 min read
FORGET THE MELBOURNE CUP – ALL EYES WILL BE ON THE RBA ON THE FIRST TUESDAY IN NOVEMBER
Explore the impact of soaring inflation rates in Australia as the Reserve Bank makes a pivotal monetary policy decision
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Lachlan McKean
Sep 1, 20231 min read
THE EVERCHANGING CASH RATE’S JOURNEY: HAS THE PEAK ARRIVED?
Explore the evolving landscape of interest rate predictions from major banks - ANZ, CBA, NAB, and WBC
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Lachlan McKean
Jul 27, 20232 min read
HERE WE ARE AGAIN – HOW HAVE THE INTEREST RATE PREDICTIONS CHANGED?
When will the interest rates increase stop? Over the last 12 months I've reviewed the big banks predictions. What are they predicting now?
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Lachlan McKean
Jun 23, 20234 min read
HECS DEBT – HOW DOES IT IMPACT YOU?
What to do with regards to your HECS Debt when applying for a loan.
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Lachlan McKean
May 26, 20231 min read
CHANGES TO ‘BUY NOW PAY LATER’ COMPANIES A STEP IN THE RIGHT DIRECTION
Financial Services Minister Stephen Jones recently announced a crackdown on ‘buy now pay later’ companies such as Afterpay & ZIP.
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Lachlan McKean
May 4, 20231 min read
HOME GUARANTEE SCHEME NOW TO INCLUDE JOINT FRIENDS AND FAMILY APPLICATIONS
There's no doubt that with increasing interest rates it’s becoming more difficult for first home buyers to get into the market. However,...
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Lachlan McKean
Mar 30, 20233 min read
WHAT ACTUALLY IS A REFINANCE AND WHY SHOULD YOU CONSIDER IT?
Refinancing is where you pay out the loan with your current lender and establish a new loan with a different lender. But why?
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