Home Buyer Centre
Buying a home is quite possibly the biggest financial decision that you will ever make. Making a big decision can be difficult if you don’t have the knowledge required to make the right call.
So we’ve put together a comprehensive list of resources 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.