Be finance ready

Find a home loan that's right for you

It sounds obvious, but if you’re not a banking professional or seasoned financier, finding the perfect home loan from the many to choose from can be tricky. From understanding the jargon to confidently knowing the pros and cons of a fixed-rate mortgage compared to a variable-rate one or an interest-only one, it’s always a good idea to get expert financial advice.

A mortgage broker can help you confidently determine which home loan is right for you. They may also be able to help you negotiate a better rate. “The expertise a mortgage broker can provide is invaluable,” says Don Crellin, Managing Director of Resolve Finance. “Instead of you having to knock on multiple doors and try to work out which deal is best for you, the mortgage broker is able to do that. And it’s not just the convenience aspect – it’s the expertise a broker can provide, for example in the likes of construction home loans if you’re looking to build your dream home.”

Is there anything I should do to get a home loan?

According to financial comparison site Canstar, there are eight key things you can do to help get a home loan:

  • Show your ability to repay
  • Check and improve your credit rating
  • Remove unnecessary financial commitments
  • Have a strong savings history
  • Show that you have a ‘safety net’
  • Don’t apply to too many lenders at once
  • Maintain stable employment
  • Disclose all information to the lender.