Angus Macdonald at Loan Market

03/09/2024

$200 Q Roasters coffee voucher | Winner congratulations Tessa Hardy

06/08/2024

If you’re unsure whether to renovate your current home or make a move to your next one, we can help you evaluate your options.

No matter which direction you take, we’re your dedicated guide every step of the way.

04/08/2024

Whether you’re looking to enter the property market for the first time, are looking to purchase your next home or are looking to expand your investment property portfolio, knowing how much you can borrow is essential.

Facebook: Our can help you determine an estimate for how much you could borrow so you can start your house hunt sooner.

Instagram: As your broker, we can help you figure out exactly how much you can borrow so you can start the hunt to find your new home sooner.

01/08/2024

There's a reason over 70% of Australians choose to work with a broker when taking out a loan - and this number continues to rise. A Loan Market broker is legally obligated to work in your best interest and can compare over 60 lenders to find the right solution for you.

31/07/2024

CALLING ALL COFFEE LOVERS coffee☕🥤

I have partnered up with the team QRoasters (my local coffee spot) to give you the chance to WIN a MONTH'S WORTH OF COFFEE 🤩😍

All you have to do to enter is scan the QR code in store, or complete the form via the link below ⬇️⬇️⬇️
https://broker.loanmarket.com.au/angus-macdonald/about/q-roasters

May the odds be in your favour ✨
Winner will be drawn on September 1st 2024.

14/03/2022

15/09/2020

Some sage commentary on how COVID-19 stands to change Australia’s property sector

Prior to the pandemic, Australia’s national residential property prices had been staging a recovery – thanks to low rates and rising home buyer confidence. C...

11/11/2019

Lenders are now looking closer at your character – what you need to know

Comprehensive Credit Reporting (CCR) is now in full swing, giving lenders a closer look into your financial character and highlights facilities that you may not have disclosed in your application. The CCR shows the lender if a credit facility is open or closed, the credit limit and repayment history information on a monthly basis. So, it’s really important that you talk to your broker about your facilities, even the ones that you may not have used for a long time.

What you need to know:

Be cautious of applying for credit. Every time you apply for credit, this is reported, and affects your credit score. So, shopping around and applying for credit cards is not advisable. If a credit card provider declines your application for a credit card, its’s not advisable to apply to other providers hoping for a different outcome.
Your credit report shows if the minimum payment on your credit facilities has been made on time (or within a 14-day grace period) – and if not, how late the payment was for that month. Only licensed credit providers can share and receive this information, so at the moment this does not include telco and utility.
Repayment history is recorded monthly and held on your credit file for 2 years.
A default can only be recorded on your report if you miss a payment which is more than $150 and is more than 60 days overdue. Before listing the default, the credit provider must have taken steps to collect the whole or part of the outstanding debt. This means they have sent you a written notice setting out the amount overdue and seeking payment and a separate written notice advising you the debt may be reported to a credit reporting body.
A default remains on your credit report for 5 years.
Paying your bills on time and avoiding getting a default on your credit report are positive impacts on your credit rating or Equifax Score.
A number of late payments could be an indication you are in financial stress and may negatively impact your credit report.
If you are concerned about late payments, defaults or past poor history (including bankruptcies), discuss this with your broker.

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03/09/2019

For those that are interested. Some balanced commentary on the real estate market from Macquarie Bank.

In this month’s Macquarie Perspective interview, we speak with Macquarie senior economist Justin Fabo about the property market outlook and how recent regula...

28/05/2019

Heads up to all First Home Buyers (FHB).. the Coalition Govt will establish their First Home Loan Deposit Scheme in January 2020, just 7 months away. If you're serious about entering the market via this scheme, then get in touch because they're only offering this "leg up" to 10,000 applicants. FYI, there are 120,000 FHB applications per year so call me. See below link for more detail.

The Morrison Government is helping first home buyers into their first home.Our First Home Loan Deposit Scheme helps eligible first home buyers purchase a house with a deposit as low as 5%.First home buyers could save around $10,000 in Lenders Mortgage Insurance under our scheme.Smaller lenders will....

21/05/2019

The banking regulator has buckled to pressure to loosen regulations on responsible lending laws, proposing to reduce the minimum interest rate hurdle borrowers need to clear before they can get approval for a loan.