First Home Loan Guide

So, you’re a first homebuyer? Welcome to the wonderful world of mortgage, redraw, offset accounts and interest rates.

If you’re purchasing property in Australia, one term you’ll be sure to run into is Stamp Duty. But what on earth is it, and WHY do you need to pay another fee (Please, make it stop).

Learn what affects bank assessment times and discover tips to ensure a smoother, faster home loan approval process.

Saving for your first home deposit can feel like climbing a mountain, especially when it seems like everyone around you is making big moves.

The first question a lot of "First Home Buyers" ask is how much they need for a deposit.

Mortgage Insurance sounds like it is a product to help you, but it is designed to protect the bank for taking a higher risk in lending to someone with a smaller deposit. Let's break it down.

You'll hear it referred to as "Servicing" "capacity to borrow" or "affordability" - these all refer to how much the bank can lend to you depending on your personal circumstances

We break it down into small pieces for you to keep it simple.

Here we have a range of pros and cons for each. We'll explain what they are before you work out what's best for you

Does a First Home Buyer need a Pre-Approval?