Three things you need to ask your partner before you apply for a home loan together

Three things you need to ask your partner before you apply for a home loan together
You’ve found someone you want to spend your life with. You know each other well enough to know whether or not you each blow the budget every month, but before you buy a property together, there are plenty of discussions you need to have

4 Red Flags you Should Break Up with your Home Loan Lender

4 Red Flags you Should Break Up with your Home Loan Lender
Like all relationships which start out with that romance where you are swept off your feet by everything that is promised by the other party, your partnership with your bank may have come to the end of its honeymoon stage/

Save $2,000 by Christmas by doing this One Thing

Save $2,000 by Christmas by doing this One Thing
At LKFS, we have two options that can help you purchase those last minute gifts and that much needed holiday, either through obtaining a cashback offer or through refinancing and saving thousands!

Is Australia Really In a Housing Bubble?

Is Australia Really In a Housing Bubble?
According to CoreLogic, approximately 60% of Australia’s wealth is concentrated in residential properties, equalling almost $6.5 trillion dollars, across 9.6 million dwellings

Barriers to Growth for South Australian Businesses and how to Mitigate Them

Barriers to Growth for South Australian Businesses and how to Mitigate Them
While there are 143,000 small businesses in South Australia, growth has remained stagnant at 1.6%, from 2016 to 2017, compared to the national growth rate of 3.1%; this small stymie of growth is likely the result of high overhead costs, along with wage costs and materials.

A buyer’s guide to purchasing a property with friends

A buyer’s guide to purchasing a property with friends
If you’re looking for a creative way to overcome being locked out of the property market by rising prices, buying a house with a group of friends may be a solution. It can also be a minefield though, so here’s how to avoid a blast.

7 tips for securing a business loan

7 tips for securing a business loan
Banks and other financial institutions offer a wide range of business finance options. Here are some tips on how to improve your chances of success

What to look for at an open house

What to look for at an open house
There’s an old saying that you should never judge a book by its cover, and this is true for houses – after all, who would buy one having never seen more than the front door?

Dopamine and The Dangers of Afterpay

Dopamine and The Dangers of Afterpay
The Afterpay addiction is real- shoppers are signing up in trolleys.

Westpac Raises Interest Rates on Home Loans - Which Bank is Next?

Westpac Raises Interest Rates on Home Loans - Which Bank is Next?
The banking industry has been subject to severe condemnation after the royal commission exposed highly damaging revelations that brought about intense political pressure for industry revisions.

3 Simple Steps to Switching Banks

3 Simple Steps to Switching Banks
Studies have found that 40% of Australians fell into this category and have been with the same bank they were signed up for in childhood. Out of this 40%, one in five individuals said that the thought of switching banks either hadn’t occurred to them or they just couldn’t be bothered.

Young Australians are keen to invest in bricks and mortar but don’t know where to start.

Young Australians are keen to invest in bricks and mortar but don’t know where to start.
Since building a home does not happen every day, it should be a fun and enjoyable process, so it is important to feel as comfortable as possible along the way.

The Smashed Avo Myth

The Smashed Avo Myth
Stop eating smashed avocado. Stop taking holidays overseas. Live with your parents, Save harder. Lower your expectations. Why don’t you just buy an apartment? This is the advice millennials receive on a daily basis about how to afford the Australian dream of home ownership, which is as unjustified as it is patronising.

Saving for deposit? Have you considered house sitting?

Saving for deposit? Have you considered house sitting?
Dave and Esther Muller, a couple in their mid-20s, have saved almost $25,000 they would have used on bills and rent by house-sitting

How to pay off your mortgage faster

How to pay off your mortgage faster
When was the last time you looked closely at your loan, the progress you are making on paying it off and how it compares to others in the market?

How often should you review your home loan?

How often should you review your home loan?
It is a good idea to give your home loan a health check once a year to make sure it is still the most suitable product for you, your needs and your goals for the future. And after tax time, it is a great time to review your home loan.

First home buyer blues: The issues Millennials face in 2018

First home buyer blues: The issues Millennials face in 2018
Many Millennials are now looking to enter the housing market and buy their first home, however, they are finding that there are many obstacles along the road to home ownership.

How to buy a house when you have a HECS or HELP debt

How to buy a house when you have a HECS or HELP debt
You can remember it now: sitting in a chair at the back of the lecture theatre, chatting to your friends and ignoring the debt that each day at university was plunging you into. But now you’re older and wiser, and reality has set in. You want to buy a property, but you’re unsure how your student HECS or HELP debt could impact your ability to take out a loan.

Which type of home loan is right for you?

Which type of home loan is right for you?
The array of mortgages available helps a good credit adviser to tailor a package to suit your needs

Mandatory credit reporting changes and how they will affect you

Mandatory credit reporting changes and how they will affect you
From 1st of July 2018, the implementation of Comprehensive Credit Report (or Positive Credit Reporting) will be administered and expected to be completely phased in over the next two years. The new measure will currently only apply to the Big Four Banks, however, it is predicted that the remaining institutional bodies will catch on in order to remain competitive.

10 tips on how to increase your borrowing capacity

10 tips on how to increase your borrowing capacity
Maximising the amount a lender will hand over to you isn’t about trying to take on unmanageable levels of debt. It’s a matter of taking a few simple but smart steps that could mean the difference between toiling in that ‘fixer-upper’ or owning your dream home.
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How to avoid paying too much for a home

How to avoid paying too much for a home
Comparing nearby properties that have sold recently is the best way to assess an acceptable price for the property you are looking at and provides a valuable bargaining tool when you are negotiating with a seller or agent.

It’s about time: Are 60 day settlements becoming the new norm?

It’s about time: Are 60 day settlements becoming the new norm?
Home loan applications are taking longer than usual for many brokers and borrowers, due in part to the increased uncertainty lenders are facing.

How to invest in property on a fixed income

How to invest in property on a fixed income
While you may not need a six-figure salary to invest in property, those who earn a relatively low income will require a little more creative thinking to start a portfolio. Here are some tips to help you get started.

2018-19 Federal Budget Roundup

2018-19 Federal Budget Roundup
Some of the key proposals put forward in the recent Federal Budget. We take a look at how they might affect your financial goals — whether you’re starting out in your working life, building a career, having a family, or moving toward or living in retirement.

Are Interest-Only Home Loans in Australia’s Best Interest, or the Bank’s?

Are Interest-Only Home Loans in Australia’s Best Interest, or the Bank’s?
The Reserve Bank of Australia has expressed concern and has issued a warning in response to a high number of interest-only loans that are due to expire in the next four years.

APRA Removes Investor Benchmark: What Will This Mean for the Future of Lending?

APRA Removes Investor Benchmark: What Will This Mean for the Future of Lending?
Since APRA’s decision to eliminate the investor loan growth benchmark was announced, emphasis is now being placed upon efforts to ensure lending standards are strengthened.

How to pay off your home loan faster and save big bucks

How to pay off your home loan faster and save big bucks
Reducing the life of your loan isn’t difficult; there are many simple things you can do to cut years off your mortgage. Here are some tips that will help you be mortgage-free sooner than planned.

Thinking of becoming a landlord? Here’s what every Australian property investor needs to know

Thinking of becoming a landlord? Here’s what every Australian property investor needs to know
As any expert will tell you, property investment is a long-term commitment and there is more to being a landlord than simply unblocking the sink, collecting the rent and watching your investment grow.

Increasing costs of living leave Aussie households struggling to repay

Increasing costs of living leave Aussie households struggling to repay
A new survey has highlighted that the soaring cost of living and feeble wage growth have become increasingly undeniable issues