Home Loans
Uncover the keys to Australia's housing market with our incisive articles, handy calculators, and essential home-buying tips.
Calculators
Repayments
Refinance
Loan Comparison
Stamp Duty
Buying and Selling Costs
Frequently Asked Questions
What's the difference between fixed-rate and variable-rate home loans?
A fixed-rate home loan has an interest rate that doesn’t change for an agreed period, giving you certainty about your repayments. A variable-rate home loan, on the other hand, has an interest rate that can change over time, influenced by market conditions and Reserve Bank decisions.
What is a home loan pre-approval?
Home loan pre-approval is a preliminary approval from a lender giving you an indication of how much you might be able to borrow. It helps you understand your borrowing power when house hunting. Remember, pre-approval is not a final loan approval.
What is the First Home Owner Grant (FHOG)?
The FHOG is a national scheme funded by the states and territories to help first-time home buyers with the cost of purchasing a home. The amount and eligibility criteria vary by state or territory.
Can I refinance my home loan?
Yes, refinancing your home loan involves taking out a new loan to pay off your current loan. People often refinance to take advantage of lower interest rates, to switch between fixed and variable rates, or to access additional loan features.
What is an offset account?
An offset account is a bank account linked to your home loan. The balance of the offset account is subtracted from your home loan before interest is calculated, potentially saving you a significant amount of interest over time.
What is a comparison rate?
A comparison rate is a tool to help consumers identify the true cost of a loan. It factors in the interest rate, most fees and charges, and represents these costs as a single percentage rate. It’s a helpful way to compare the total cost of different home loans.