FAQ

Most popular questions...

• FAMILY GUARANTEE

  When you don’t have enough money saved up for a deposit, your family can act as a guarantor if they hold equity in their own property. The family guarantee can only cover the deposit and related fees and charges involved in the purchase of your home.

• ESTABLISHMENT FEES

  The establishment fee, often referred to as ‘Application  Fee’ or ‘Up Front Fee’,  are the fees  a lender might charge to cover their internal costs of processing your loan application.

• FIXED INTEREST RATE

  A fixed interest rate is a locked-in rate that won’t change during a set period of the loan, so you know exactly what your repayments will be.

• FIRST HOME OWNER GRANT

  The First Home Owner Grant (or FHOG) is a scheme funded by some states and territories to assist first home owners buy, or build, a home. Eligible first home buyers get paid a one-off grant and the amount is determined by the date of the eligible purchase. Eligibility criteria and grant amounts vary, so check with your state or territory.

• CREDIT RATING

  Credit rating is an assessment of your credit-worthiness. The credit rating is used to determine the risk you present to a lender, based on your borrowing and repayment history.