Buying a home is typically the biggest financial decision that you will ever make.

Without the right knowledge, it can be tough to make the right decisions.

The Home Buyer Centre provides plenty of tools and guides that you can use to educate yourself on home loans and how to buy a property.


  • How much can I borrow?: We’ve created an online calculator that exactly matches the methods used by several banks. Find out how much different banks will lend to you.
  • LMI calculator: Did you know each lender has different LMI premiums? Find out if you are eligible for discounted or waived LMI.
  • Credit score calculator: Are you a high risk borrower? Find out how the banks will view your situation.
  • First Home Owners Grants: Which grants and concessions are you eligible for? Find out specific information for your state.
  • More calculators: Using our mortgage calculators will help you to make an informed buying decision.

Basic mortgage concepts

  • Interest rates: What special offers, professional packages and fixed rates are currently available?
  • What does LVR mean?: Find out what LVR means and how this can affect your loan application.
  • What are genuine savings?: What are genuine savings and why do most banks require it even if you have a good income?
  • What is LMI?: What is LMI, how much is it and who has to pay it?
  • What is credit scoring?: What is your credit score and why does it matter for your mortgage application?
  • The loan application process: How does applying for a home loan work? What are the different steps that your application will go through before it is advanced?
  • Home loan types: Loans can be interest only, 100% offset, basic or a line of credit. What does all this mean and which loan type is suitable for you?

No deposit loans

  • Buying a home with no deposit: What options are available to home buyers? How can you buy a home with little or no deposit?
  • Guarantor home loans: Find out how you can borrow the full purchase price and even cover such costs as stamp duty.
  • 95% home loans: Borrowing 95% isn’t as easy as it used to be. What do you need to know to get the lowest interest rate and to get approved?

Home loan documents

  • Employment letter: Some lenders will require a letter from your employer. Use these templates to make sure that the letter is accepted.
  • First Home Owners Grant guide: Filling in the forms for the First Home Owners Grant can be a challenge! Which documents do you need to provide to make sure that your grant isn’t delayed?
  • Gift letter: Are your parents giving you a deposit? If so then most lenders will require a letter from them to confirm that the funds will be available.
  • Rental reference letter: Are you currently renting? Some lenders will require a letter from your managing agent to confirm that you have been a reliable tenant
  • Statements and transaction history: What is the difference between a statement and a transaction history? Mixing this up can cause a delay with your application.

Buying a property

  • The home buying process: What are the steps to buying a home? Find tips for each step in the process.
  • How to value a property: How do bank valuers know what your property is worth? When buying a property you can use the exact same method to make more accurate offers.
  • How reliable is your pre-approval?: Did you know that some pre-approvals aren’t worth the paper that they’re written on? Make sure that you have a real pre-approval before you bid at an auction.
  • You are pre-approved, now what?: Once your loan is pre-approved you can begin shopping around for a property to buy. What are the next steps?
  • Preparing to buy a property: Are you thinking of buying a property in the near future? Learn how we can help you to be prepared to buy when the time comes.
  • Construction loan tips: Are you buying land and building a home or are you interested in a house and land package? Find out how a construction loan works and what you need to do to make sure that the process goes smoothly.
  • Ellie

    How long does it takes to obtain a mortgage form a bank if one has already found a property?

  • Hey Ellie, yes, we do have a page on the home loan process where we discuss the entire process from before applying for a mortgage to beyond settlement. You can check it out here:

  • emu

    Hello. I am living rent free with my parents at the moment and was thinking of buying a house but I am now considering buying a residential investment property instead. I can then move into it later when I want. Do you have any tips or suggestions?

  • Hi emu,
    If you’re thinking of buying an investment property, our first suggestion would be to avoid diving in too soon. There are many traps for the unwary and a simple oversight can catch you off guard and leave you with a bad investment. We have a page with a lot of info that you can find useful so please do check it out:

  • Nico

    Hi, I’m a solicitor and my husband is an accountant. Our combined income is $145k but we’re due for a pay rise. Can you help us get a no LMI home loan?

  • Hey Nico,
    If you apply with a bank of which you are both existing customers then they may very likely consider it as an exception. It would be best to get a letter from your employer stating that you are due for a pay rise and then only apply. Please call 1300 889 743 to discuss all this with an expert mortgage broker and find out how we can proceed.

  • Ndidi

    Why do the banks and lenders assess the funds to complete the home loan application? What is this exactly and what purpose does this serve?

  • Hey Ndidi,
    When you apply for a loan, the lender may ask for evidence of your deposit and won’t approve your loan unless you can prove that you have enough funds to cover the costs, as well as the difference between the purchase price and loan amount. This is known as a Funds to Complete Calculation. They do this check because if there’s a shortfall of funds, some people end up taking out a short term loan or credit card to make up the difference. This additional loan can then impact their ability to repay their mortgage.

  • Kiara

    My husband and I are wanting to refinance our home loan to include some of our other debt. However, we are wondering how long after refinancing do we have to wait before we can rent it out ? We are a Defence couple and we may have to post to a new location soon, which would mean renting out our own property (the one we would refinance).

  • Hi Kiara,
    You can rent out your property immediately after refinancing. That wouldn’t be a problem. We have some lenders that are really good for debt consolidation and can offer rates as low as 3.59% as of today. I’ll email you and cc one of our mortgage brokers who is an expert in DHOAS loans as well as debt consolidation.

  • Lachlan

    I’m a first home buyer and I’m looking for a property to buy in Darwin. Is there any threshold in the purchase price in order to get the first home grant?

  • Hi Lachlan,
    In Northern Territory, you’re entitled to get a first home owners grant of $26,000 for new homes and there is no threshold in the property prices but the transaction should be commenced on or after 1 January, 2015. Please note that the same doesn’t apply for established homes. Please contact your SRO Office for more info about the first home owners grant and applicable stamp duty exemptions

  • Paula

    Hi, I’m a first home buyer wanting to purchase as well as consolidate my debt into the home loan. Is this possible?

  • Hi Paula,
    Purchase and debt consolidation typically do not go hand in hand. The only option is a debt consolidation guarantor home loan with which you can borrow up to 110% of the property value. If you are in this situation then generally you will be able to consolidate debts as well as purchase a property as long as your total debts are no more than 5% – 10% of the purchase price. Please fill in our online assessment form: to discuss your situation with one of our specialist mortgage brokers.

  • alexandra

    I’m a first home buyer in Tasmania, I’ve been working for months permanent full time, prior to this I was studying. I have a $90k deposit. $20k is genuine savings, the rest was gifted to me from my parents. Can I apply for a mortgage or do I have to have worked longer in my job?

  • Hi Alexandra,
    Most major banks require you to be in your current job for at least 6 to 12 months, however, this is not a requirement with all lenders. We have a few lenders on our panel that can consider young professionals who’ve just entered the workforce ie. graduate students with a short employment history; one of them can lend up to 95% of the property even if you’ve just started a job. You may even qualify for the $20,000 first home owners grant (FHOG) in TAS.

    Gifted deposits and unusual employment are our specialities. So, please speak with one of our specialist mortgage brokers before applying for a home loan. Give us a call on 1300 889 743 or fill in our online assessment form: today.