Your credit score plays a crucial role in securing a home loan, influencing both your approval chances and the interest rate you’ll pay. This three-digit number, typically ranging from 0 to 1000 in Australia, gives lenders insight into your financial reliability. A strong score of 700 or above can open doors to better mortgage options …

Lender’s Mortgage Insurance (LMI) is a type of insurance that protects the lender in the event that a borrower defaults on their home loan. In Australia, LMI is commonly required by lenders when a borrower is seeking to borrow more than 80% of the property’s value, known as the loan-to-value ratio (LVR). This insurance allows …

Choosing the right home loan is one of the most important financial decisions you’ll make—and the type of interest rate you select can have a big impact on your repayments and long-term costs. The two main options are variable-rate and fixed-rate mortgages, each with its own pros and cons. Here’s a breakdown of how they work, their key differences, …