The epic step of buying your first home is finally here. There are plenty of sweet home loans out there in the bustling home loan market that offer no ongoing fees, a low interest rate and let you borrow at least 90% of the property value. Start your search below.Read more
Loan to value ratio or LVR basically equates to how much deposit you have. For example if you're buying a $300,000 apartment, you should aim for a deposit of $60,000 (20% of the value of the property), which would make your LVR 80%. Generally, if your LVR is more than 80% , which it often is for first home buyers, you'll have to pay lenders mortgage insurance.
Taking the plunge into the property market and investing in your future is exciting. But for mortgage newbies selecting the right home loan can be a bit of a daunting task. Take a glance at the table below to compare the variable and fixed rate home loans on offer right now for first home owners. Look for a home loan with a low application fee and no ongoing fees.
Yes and it's never been easier! Click on one of the "go to site" buttons below to start your path to greater financial independence.
How much could you save by switching your home loan? Compare savings from over 100 home loans. Find out in a few clicks.