Borrowing capacity is calculated based on your income, living expenses, outstanding debts, and deposit size. You can use a loan calculator for a quick estimate—and we’ll refine it based on your full financial profile.

Most borrowers aim for 20% of the property price to avoid Lenders Mortgage Insurance (LMI), but some loan options allow deposits as low as 5%, especially with first-home buyer schemes.

LMI protects the lender if you default on a high LVR loan (typically over 80% of the property value). It increases upfront costs but can help you enter the market with a smaller deposit.

• Fixed-rate loans lock your interest rate and repayments for a set period, providing stability.
• Variable-rate loans fluctuate with market interest rates, offering flexibility and potential savings—or risk—based on rate changes.

Common costs include application fees, property valuation fees, settlement fees, legal/conveyancing costs, stamp duty, and, if applicable, LMI. These can be upfront or added to your loan balance.

Pre approval (or conditional approval) is a lender’s in principle offer based on your financial situation. It shows sellers you’re serious—but final approval still requires a full application and property valuation.

Yes—if your loan includes these features:
• Redraw facility: lets you withdraw extra repayments you've made.
• Offset account: a transaction account that sits alongside your loan to reduce interest on your balance.