FAQ’s

Borrowing to buy a property is an exciting time and we are here to help you every step of the way.

How much deposit do I need?

Generally, a 20% deposit is required to avoid paying lenders’ mortgage insurance (LMI). If you are a first-home buyer, you may qualify for a lower deposit and avoid paying LMI.

How much can I borrow?

This varies from person to person as everyone’s circumstances are different. We will be able to let you know exactly how much you can afford to spend on a property.

What is a fixed rate home loan?

A fixed-rate home loan is where the interest rate and payments are fixed for a set period of time. This may be all or part of your loan. 

What is a variable rate home loan?

A variable rate home loan is where your interest rate and repayments can fluctuate along with market conditions. 

What documents do I need for a home loan?

Proof of identification

Proof of income

Financial assets, liabilities and expenses

What is a refinance home loan?

If you already have a home loan, it can be wise to review it regularly and even switch to another lender. Switching to another lender can save you money instead of staying with the same lender. 

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Utilise our calculators to get the answers you are looking for when borrowing money for your home or investment.

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