Bacolod
Commonwealth Head
King Charles III
Governor General
Ms Sam Mostyn
Prime Minister
Hon Anthony Albanese
National Colour
Green and Gold
National Flower
Golden Wattle
6 States in Australia
New South Wales (NSW)
Queensland (QLD)
South Australia (SA)
Tasmania (TAS)
Victoria (VIC)
Western Australia (WA)
2 Territories in Australia
2 Territories
Australian Capital Territory (ACT)
Northern Territory (NT)
How many services do we offer in LMG PH, and what are those?
Total
Total Relief
On-Demand
LMG Outsourcing
CEO of LMG
Sam White
Cloud-based storage service that allows you to save files online and access them from any device with an internet connection.
G-Drive
Secure communications tool designed to provide easy business communications within the Google Workspace ecosystem.
G-Chat
Can create and edit spreadsheets directly in your web browser—no special software is required.
Google Sheets
A written agreement outlining the terms and conditions for the purchase or sale of a property.
Contract of Sale
A report outlining an individual’s credit history, public records and any credit black spots.
Credit Report
An administration fee to cover the costs incurred in terminating a loan account.
Discharge Fees
Generally a loan that is part variable and part fixed, but it can also be a loan with multiple variable parts. Borrowers wanting to use equity in a property to invest in the share market may make “multiple variable splits” to better track the return on their investment.
Split Loan
Arrangements put in place by the Government of Australia to encourage people in Australia to accumulate funds to provide them with an income stream when they retire.
Superannuation
To compute for Annual Gross Salary based on payment frequency
Legal term for the part of a debt that is overdue after missing one or more required payments; money that is owed, which should have been paid earlier.
Arrears
An item owned with a monetary value (e.g. cash and/or property).
Asset
Interest rate is locked in for a fixed term, you are then protected against.
Fixed Rate
A property purchased for the sole purpose of earning a return, either in the form of rent or capital gain. The owner does not live in the property.
Investment Property
Called an "equity guarantor" by some lenders, they use real estate they own as additional security for the mortgage in question. A person or organisation that agrees to be responsible for the payment of a loan if the actual borrower defaults or is unable to pay.
Guarantor
Insurance that a lender takes out to protect itself against the risk of not recovering the full loan balance, if you, the borrower is unable to meet your home loans repayments and you default on the loan.
LMI
Account is an account linked to your mortgage. The balance in the account ‘offsets’ the principal of the loan. Overall interest is calculated on the principal less the offset account balance.
Offset account