LBK Lending

🚨BREAKING NEWS - RBA hold the cash rate at 4.35% in June meeting🚨

This decision reflects the RBA’s cautious approach and intention to monitor data amidst a backdrop of mixed economic indicators:
* Inflationary pressure continues with the March Consumer Price Index (CPI) coming in at 3.6%, which was higher than expected.
* Unemployment fell to 4% in May, reflecting continued strong labour markets.
* Gross Domestic Product (GDP), a measure of economic growth, rose by only 0.1% in the March quarter and 1.1% (seasonally adjusted) for the year. Outside of the COVID period, this is one of the lowest rates of growth recorded in the last 20 years.

This Mortgage Minute focuses on the new Stamp Duty reforms which came into effect 9th June 2024🚨. This will help First Home Buyers massively get into an extremely competitive market.

To discuss what this means for you, reach out today:
📞 0401 225 713
📧 [email protected]

🌟Always so rewarding seeing clients purchase their first property. Was a pleasure helping Anton & Lauren secure their first investment property in Wynnum!

It’s great to hear that they found the service went ‘above and beyond’ but more importantly that they’ll be a long term client. At LBK we want to grow with our clients so this is always great to hear.

MONTHLY SCENARIO - MAY

This month we take an in-depth look into a real life Guarantor scenario which saved this couple $32,000 in Lenders Mortgage Insurance (LMI)

Using a Guarantor is an extremely beneficial strategy to not only get you into the market sooner but also save you thousands in LMI.

This scenario focuses on a couple who have a great servicing position but don’t quite have the 20% deposit + costs required to avoid LMI.

If you want to discuss your options - reach out today:
📱0401 225 713
📧 [email protected]

🌟Nothing better than reading a Google Review and seeing the words “smooth from start to finish”.

A common concern I get from new clients is that the process is going to be difficult and drawn out - as this is what their previous experiences have been. At LBK we pride ourselves on making the process as easy as possible so it’s great to see Callum had that experience in this refinance!

You can also follow on Instagram to see more.

LBK Lending

Support Local 🥑

is in the heart of Hawthorne and a extremely popular spot for coffee & breakfast.

With a unique menu and great coffee it makes Sister a go to spot to try out.

5🌟Great to get positive feedback from Brendin.
 
One of our key goals is making the mortgage process as straightforward as possible. So it’s great to hear that Brendin thought the stress was taken out of the process.
 
Reach out today to ensure your existing home loan rate is still competitive:
📞 0401 225 713
📧 [email protected]

🚨BREAKING NEWS - RBA hold the cash rate at 4.35% in May meeting🚨

Want to buy a property but don’t have a deposit? This can be possible with access to a Guarantor.

This Mortgage Minute focuses on the Guarantor Process and how it can help you get into the property market far quicker then you may be thinking!

The days of the 20% deposit are over with a Guarantor. Reach out today to discuss further:
📞 0401 225 713
📧 [email protected]

A short & sweet google review from Jorden!
 
No better compliment then knowing a client wants to use your services again in the future.
 
Reach out today to ensure your existing home loan rate is still competitive:
📞 0401 225 713
📧 [email protected]

Lest we Forget

What a special day to remember those who sacrificed for us.

Fresh of a $7m renovation the Manly Hotel is back open for business, and they’ve done an unreal job.

features five bars with 54 taps in total, a full-service restaurant with an a la carte menu, al fresco terrace dining, an outdoor courtyard, a dedicated sports bar to name a few.

The food was great and would definitely recommend getting down to the Manly Hotel to check it out!

What is an offset account and how does it work?

This article will explain the ins and outs of an offset account and how it can be massively beneficial to helping you save on interest, pay off loans faster, and maintain liquidity. Read on:

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.

Fixed vs Variable - what to do? This Mortgage Minute focuses on the key considerations of fixed vs variable rates.

As a Mortgage Broker I can point you in the right direction of whether to go fixed or variable but it mainly comes down to your personal situation and preferences.

To discuss whether you should go fixed or variable reach out today:
📞 0401 225 713
📧 [email protected]

💫 At LBK we love First Home Buyers and we’re extremely knowledgeable around the available schemes & different opportunities available. Glad to hear that Matthew had such a positive experience! Reach out today to discuss your options!

MONTHLY SCENARIO - APRIL

What’s the value of a mortgage broker for self-employed applicants? Significant!

Banks policy for Self-Employed clients drastically changes and some have some great niches that can help you increase your borrowing power (like using the most recent FY income in isolation)!

This scenario focuses on an applicant who, if they went with their current bank, would have assessable income of $100,000 less!

If you’re Self-Employed and want to maximise your borrowing power or discuss your options - reach out today:
📱0401 225 713
📧 [email protected]

Support Local ☕️

Probably the most popular spot (and for a reason) in Bulimba always delivers.

A great spot for client meetings & catch ups on the Southside!

Happy Easter everyone! 🪺

Support Local 🍳

Everyone’s familiar with Nodo’s donut’s but the breakfast at Hawthorne Nodo was also great.

⭐️ Always great getting positive feedback from clients! Was a pleasure helping Anna ensure that her financial situation was appropriate!

MONTHLY SCENARIO - MARCH

Following on from the recent posts, this monthly scenario is centred around HECS - to pay or not to pay? This simple example gives you an insight into when paying off HECS is a recommended strategy.

Everyone’s situation is significantly different so please reach out to discuss yours today:
📱0401 225 713
📧 [email protected]

At LBK, we're big supporters of youth sports (all codes). So, if you have a child's registration for any sports team they're in and want to avoid paying it, please reach out!

🚨BREAKING NEWS - RBA hold the cash rate at 4.35% in March meeting🚨

This would come as welcomed news for home owners!

Great to hear positive feedback from clients 🌟! Colin & Anthea were looking to convert their investment loan to Interest Only repayments but were told no by their current bank due to their policy.

We were able to successfully refinance them to another bank onto Interest Only repayments saving them hundreds a month (and get them a nice refinance cashback aswell).

This Mortgage Minute is focused on the ‘hidden’ upfront costs associated with purchasing a property.

It’s important to note that you’ll need to satisfy the lenders deposit requirement whilst taking into account these upfront costs as well.

To determine your deposit & borrowing power please reach out:
📞 0401 225 713
📧 [email protected]

Support Local 🍔

Located in Gumdale is a great spot for breakfast & coffee!

They’ve also recently opened for burgers on a Sunday night and if they’re anything like this breakfast burger it’s a must try.

⭐️ Great to get such positive feedback from Molly & Ruby. Making the process seamless through communication is such a big factor for LBK and it’s great to get feedback supporting this.

Support Local 🥯

is a great spot for a coffee and bagel in the heart of Wynnum.

Opening at 4:30am it suits the early risers!

🚨New Segment: Monthly Mortgage Scenario🚨

Each month I’ll go through a real life scenario to give you an idea of how a small personal change/ policy can impact a loan application.

MONTHLY SCENARIO - FEBRUARY

Following on from Monday’s Misconception - this month focuses on credit cards and how the limits affect a young couples ability to buy the property they want.

If you want to discuss your situation please reach out:
📱0401 225 713
📧 [email protected]

Love it when referrals from existing clients have such nice things to say! Thanks to Nicole for this great Google Review ⭐️