Home Owners

Home Owners

Your home loan is likely to be the most significant cost in your life time so it is worth getting it right by comparing the most cost effective products in the market suitable to you.  That is what we will do for you.  It is common for a home owner or future home owner to borrow up to 80% of the value of their property from a bank or other lender to put towards the settlement with the remaining 20% plus stamp duty and other costs achieved from other means.  These additional funds could be sourced from savings, releasing equity or value in another property or even a gift.  The lender will place a mortgage over your property as security for the funds being borrowed from them.  It is possible to borrow more than 80% of your property value depending on your circumstances.

estimated_quoteArtboard 3

Get a free quote 

Contact Us

An owner occupied home loan is, as the name suggests, a loan that is secured by the home that you live in.  Why this matters is that lenders prioritize having owner occupied home loans in their portfolio so offer loans with significantly lower interest rates and other incentives to encourage applications.


First Home Buyers can benefit from special offers from the lenders as well where it is possible to borrow up to 97% of the value of the home inclusive of lenders mortgage insurance.  As of July 2017, they also can access the first home buyers grant of $10,000 for new properties in metropolitan suburbs and $20,000 for rural areas as well as a waiver of stamp duty up to the $600,000 threshold and reduced stamp duty up on a sliding scale up to $750,000 purchases.


The loan amount that you are able to borrow for is dependent on your individual circumstances including your income from all sources, your current loans and other liabilities as well as your cost of living including the number of dependants that you have.  It is important for all purchasers to have a clear understanding of their borrowing capacity and achieve a conditional approval with a lender before making a commitment to a legally binding contract of sale.  We can assist you with your borrowing capacity and conditional approval application so you can take your first step towards new home ownership.

Share by: