Most of our home loans allow you to borrow up to 95% of the value of your property but you may have to pay Lenders Mortgage Insurance if your loan amount is more than 80% of the value of your property.
To get a better idea of how much you can borrow, use our Calculator, or make an appointment with one of our consultants.
The good news is, ‘yes’. Both the state and federal governments have concessions and grants for home buyers, especially for owner occupiers looking to purchase their first home. Click here for more information about government assistance,
Use our repayment calculators to get an idea how much you need to pay each month, fortnight or week. Can you afford to pay more? And if so, how much? It’s important to have an idea about your how much extra you can afford to repay, it will help you figure out the type of loan to go for.
It may be the case that paying your home loan every fortnight rather than every month means you pay less overall for the loan.
Most lenders will calculate the fortnightly repayment rate by halving the monthly repayment rate, meaning you still pay the same amount each month but split it.
Because there are 26 fortnights in a year, this means you’ll end up making an extra monthly payment each year, paying off more of your loan and freeing you from debt faster.
Visit our FAQ here or contact us today and we will asses your situation because every scenario can differ from the next.