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Lumo.

Smarter borrowing starts here.

Plain explanations of what comes up when you’re borrowing, written from files we’ve worked on.

Buying

Buying a home. Buying an investment property. Buying a commercial property. Buying a farm. Buying a car or equipment. A guide to equipment finance for business owners.

Helpful topics

How offset accounts reduce interest. How redraw facilities work. Offset vs redraw explained. How interest rates impact your loan. Variable vs fixed rates: how to choose.

Valuation

Valuing a home. Valuing an investment property. Valuing a commercial property. Valuing a farm. How property valuations work. What happens during a property valuation. Understanding residential, commercial and agricultural valuations.

Review

Reviewing a home loan. Reviewing investment loans. Reviewing commercial loans. Reviewing farm finance.

Equity & top ups

Using equity for renovations. Using equity to invest. Using equity for business. Reviewing farm equity. Understanding loan top-ups. Understanding loan-to-value ratio (LVR).

Loan topics

Understanding borrowing capacity. Choosing the right loan structure. Choosing helpful home loan features. Understanding comparison rates. Understanding interest-only home loans. How extra repayments reduce your loan faster. Home loan fees explained. Understanding break costs on fixed-rate home loans. Understanding lender turn-around times.

Buying process

Understanding home loan pre-approval. How finance conditions work in property contracts. What a property sale contract includes. How cooling-off periods protect buyers. Understanding building inspection reports. Spotting warning signs during a home inspection. What happens at settlement. How bridging loans work when buying and selling. Understanding the settlement shortfall. Understanding property title types in Australia.

Costs & savings

What stamp duty is and how it works. Government fees when buying or refinancing a property. Practical ways to save for a home deposit. Understanding genuine savings. How credit scores affect borrowing. Understanding Lenders Mortgage Insurance (LMI).

Nothing matched that. Try “offset”, “pre-approval”, “valuation” or “LVR”.

Rather just ask someone?

Reading about it only gets you so far. If you’d rather have the version that applies to your situation, that’s a phone call.