Home Loan Tips Articles


How much money do I need for a deposit?
How much money do I need for a deposit?

If you’re in the market for a property, you need to know how much to save for a deposit. Today, we’re delving into what you need to know, so you can budget and prepare yourself to achieve your property goals.

How much do I need for a deposit? According to finder.com.au a home loan deposit is typically 20% of the agreed sale price. As an investor, you generally have to pay more, so be prepared to pay as much as 30% of the property price. The percentages listed above are minimum deposit amounts. If a 20% deposit cannot be made, 10% or more is the recommended minimum. The higher the deposit amount, the less you will pay over the life of your home loan. (So ideally, a higher deposit is better.) The minimum deposit amount between lenders will vary, so check with your mortgage broker if you’re unsure.  What if my deposit is less than 20%? Most lenders require borrowers to take out Lenders Mortgage Insurance if their deposit is under 20% of the agreed sale amount... Continued

November 22, 2018 by Sarah Robinson

Want to save money? Check your mortgage, not your shopping bill
Want to save money? Check your mortgage, not your shopping bill

New research has found that 78% of Australian borrowers check up on their everyday expenses, while only 54% do the same when it comes to their mortgage.

When speaking to yourmortgage.com.au, Kevin Sherman of myrate.com.au said small changes to fees and interest rates can make a big difference to your total mortgage costs... Continued

November 02, 2018 by Sarah Robinson

How do I work out my credit score?
How do I work out my credit score?

Most lenders in Australia use a credit scoring system when deciding whether to approve a loan, so good credit is very important.

Credit scoring systems are a broad filter for lenders, which are used to work out whether a loan should be approved. They also identify potential risks, based on a borrower’s past credit behaviour. .. Continued

September 18, 2018 by Sarah Robinson

Do I need a salary to get a home loan?
Do I need a salary to get a home loan?

As of 2013, 17.2% of Aussie workers were self-employed. That’s around 2 million people. So, how do individuals without a regular pay check secure a mortgage? Is the process more challenging for them? And if so, how do sole traders get ahead?

We have the answers for Australians who run their own ship... Continued

June 16, 2018 by Sarah Robinson

Get home loan tips on our new website
Get home loan tips on our new website

We are very excited to share our new-look website with you.

Our refreshed online presence is geared to give you more information about how to find a loan that works for you – whether it’s a new home, an investment property, a business purchase, car or your next big holiday... Continued

May 12, 2017 by Sarah Robinson



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