Home loan questions, answered
351 plain-English answers from our brokers, gathered from all our guides. Search or browse by topic.
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Getting started
Do I pay for a mortgage broker?
Usually not. Lenders pay brokers a commission when your loan settles. If a fee ever applies to your situation, we'll tell you in writing before you proceed.
Will checking my options affect my credit score?
No. Our questions and calculators don't trigger a credit check. An enquiry is only made when you agree to apply with a lender.
How quickly will someone call me?
We aim to call within 2 business hours, at the time you choose. You can also book a time online.
You're Sydney-based. Can you help me in another state?
Yes. Everything can be done by phone, video and secure email, and settlement is electronic, so we help clients Australia-wide.
How many lenders do you compare?
We compare home loans from a panel of banks, credit unions and non-bank lenders through our aggregator, Outsource Financial.
Are you legally required to act in my interests?
Yes. Mortgage brokers must comply with the Best Interests Duty under the National Consumer Credit Protection Act.
Home loan types
Is there an income limit for the 5% Deposit Scheme?
No. Income caps were removed on 1 October 2025, and places are unlimited.
From: First home buyers
Can I combine the 5% Deposit Scheme with Help to Buy?
No, you choose one. Both can usually be combined with state stamp duty concessions.
From: First home buyers
Do I pay for your help?
Usually not. Lenders pay us when your loan settles. If a fee ever applies, we tell you in writing first.
From: First home buyers
How much does refinancing cost?
For a variable loan under 80% LVR, costs are often under $1,000, and some lenders offer cashback. Fixed loans may have break costs.
From: Refinance
Can I refinance with less than 20% equity?
Usually, but LMI may apply again. We'll check if negotiating with your current lender is better.
From: Refinance
Will refinancing hurt my credit score?
One well-planned application has a small, temporary effect. We assess first so you don't apply blind.
From: Refinance
Should I buy or sell first?
In a slower market, selling first is usually safer. If you buy first, bridging finance can cover the gap.
From: Buying your next home
Can I keep my fixed rate when I move?
Many lenders let you port your loan to the new property, avoiding break costs.
From: Buying your next home
How does bridging finance work?
The lender funds your new purchase before your current home sells, with interest often added to the loan until the sale.
From: Buying your next home
Is negative gearing ending?
From 1 July 2027 it's limited to new builds for properties bought after 12 May 2026. Properties held before then are grandfathered.
From: Investment loans
Should I choose interest-only?
It improves cash flow but costs more overall. It often suits investors who also have a non-deductible home loan.
From: Investment loans
What is cross-collateralisation?
Using several properties to secure loans with one lender. We usually recommend avoiding it.
From: Investment loans
Can I build with a 5% deposit?
Yes, through the 5% Deposit Scheme with a participating lender that offers construction loans.
From: Construction & land
What if my build goes over budget?
Variations usually need to be paid in cash or re-approved, so we build in a contingency.
From: Construction & land
When do I start paying principal?
Usually after practical completion.
From: Construction & land
Can I get a loan with one year of tax returns?
Some lenders accept one year, especially if you were in the same industry before.
From: Self-employed & low doc
Are low doc rates much higher?
Usually a little higher, with lower maximum LVRs.
From: Self-employed & low doc
Do lenders count my company's profit?
Some do, if you own the company and it's shown in the financial statements.
From: Self-employed & low doc
What happens if I can't repay?
The guarantor could be asked to pay up to the guaranteed amount, so everyone should understand the risk.
From: Guarantor & no deposit
Can grandparents or siblings guarantee?
Some lenders accept other close family. Policies vary.
From: Guarantor & no deposit
How long does the guarantee last?
Until your loan drops to around 80% of the property value, then it can often be released.
From: Guarantor & no deposit
What if my home doesn't sell in time?
Lenders may extend or require a price reduction. We plan conservatively.
From: Bridging loans
Do I pay two loans at once?
Often you service only the end debt, with bridging interest capitalised.
From: Bridging loans
Can I bridge for a construction?
Yes, some lenders allow longer periods when building.
From: Bridging loans
Do nurses qualify?
Some lenders extend reduced LMI or waivers to nurses and midwives at certain LVRs. Ask us for current options.
Is the rate higher with a waiver?
Not usually, but compare the whole package.
Can I use a waiver to refinance?
Sometimes, depending on the lender.
Will a paid default still show?
Yes, for five years, but it looks much better to lenders than an unpaid one.
From: Bad credit & specialist
Are rates much higher?
They can be, depending on the issue and LVR. The aim is to refinance later.
From: Bad credit & specialist
Should I use a credit repair company?
You can fix genuine errors yourself for free. Be wary of large fees.
From: Bad credit & specialist
Can expats use the 5% Deposit Scheme?
Generally not, as you must live in the property.
From: Expats & non-residents
Do permanent residents need FIRB approval?
Generally no.
From: Expats & non-residents
Can temporary residents buy any home?
During the ban, mainly new dwellings or land with FIRB approval.
From: Expats & non-residents
Can I lose my home?
Regulated reverse mortgages include no negative equity protection, but read the conditions carefully.
Does it affect the pension?
It can. Talk to Services Australia or a financial adviser.
Can I get a normal home loan at 60?
Yes, with a credible exit strategy.
Can I really buy a home with no deposit?
Sometimes. The most common way is a family guarantee, where a parent's property equity secures part of your loan. You'll usually still need money for purchase costs.
From: No deposit home loans
Is a gifted deposit allowed?
Many lenders accept a gift from family with a signed gift letter, though some want to see some genuine savings as well.
From: No deposit home loans
Will I pay lenders mortgage insurance?
Not if a family guarantee or the 5% Deposit Scheme covers the gap to 80%. Otherwise LMI usually applies with less than 20% deposit.
From: No deposit home loans
What documents do I need for a lease doc loan?
Usually the signed lease, recent rent statements, ID and a declaration about your finances. Requirements vary by lender.
From: Lease doc loans
Can I use a lease doc loan for a home?
No. Lease doc loans are for commercial property such as shops, offices and warehouses. For a home, low doc options may suit self-employed borrowers.
From: Lease doc loans
Are lease doc rates higher?
Often, because the lender is relying on the lease rather than full financials. We compare lenders to keep the cost down.
From: Lease doc loans
Can I get a normal home loan on acreage?
Often yes, within a lender's land size limits.
From: Rural & acreage
What if the land earns income?
It may need an agricultural loan assessed partly on farm income.
From: Rural & acreage
Do you help outside NSW?
Yes, we work Australia-wide.
From: Rural & acreage
First Home Buyers
Do I need to be a first home buyer to use the 5% Deposit Scheme?
Usually, yes. You can also qualify if you haven't owned property in Australia in the last 10 years. Previous ownership overseas doesn't count against you.
From: The 5% Deposit Scheme in 2026: Who Qualifies and How It Works
Is there an income limit?
Not any more. Income caps were removed on 1 October 2025.
From: The 5% Deposit Scheme in 2026: Who Qualifies and How It Works
Can I buy an apartment or a new build?
Yes. Houses, townhouses, apartments, house-and-land packages and land with a building contract can all qualify, as long as the price is under the cap and you'll live there.
From: The 5% Deposit Scheme in 2026: Who Qualifies and How It Works
Do I pay rent or interest on the government's share?
No. There are no ongoing fees or interest on the government's equity. You pay it back when you sell, or earlier if you choose to buy it out.
Can I use Help to Buy with the First Home Owner Grant or stamp duty concessions?
State concessions and grants can often be used alongside Help to Buy, depending on the state rules. The federal 5% Deposit Scheme can't be combined with it.
Is Help to Buy available in every state?
Not at launch. Western Australia and Tasmania weren't participating as of mid-2026. Check the current list before planning around it.
Do I get the exemption if I'm buying with my parents?
Your parents would usually not be first home buyers, which affects the concession. A family guarantee, where parents guarantee part of your loan without going on title, is often a better structure.
Does the exemption apply to off-the-plan apartments?
Yes, if the price is within the thresholds and you meet the residence requirements once it's built.
Where do I apply?
Your conveyancer or solicitor usually applies for you through Revenue NSW when the transfer is stamped.
Can I get the grant on an established home?
No. In NSW the FHOG only applies to new homes. Established homes may still get stamp duty relief under the First Home Buyers Assistance Scheme.
Can I use the grant as my deposit?
Sometimes. If it's paid through your lender at settlement, some lenders count it towards your funds to complete. Policies vary, so ask before you rely on it.
Is the grant taxable?
No, the First Home Owner Grant isn't treated as taxable income.
Can I use FHSS if I've owned property before?
Generally no, unless you've suffered financial hardship and the ATO grants an exception. It's designed for people who've never owned property in Australia.
From: First Home Super Saver Scheme: Using Super for Your Deposit
Can I withdraw my employer's compulsory super?
No. Only voluntary contributions count, plus associated earnings calculated by the ATO.
From: First Home Super Saver Scheme: Using Super for Your Deposit
What if I don't end up buying?
You can recontribute the amount to super, or keep it and pay a flat 20% FHSS tax. Talk to your accountant before releasing funds if you're unsure.
From: First Home Super Saver Scheme: Using Super for Your Deposit
Can I use a gift from my parents as my deposit?
Often yes, with a signed gift letter confirming it doesn't need to be repaid. Some lenders still want part of the deposit to be your own savings.
From: How Much Deposit Do You Need to Buy a House in Australia?
Do I need to pay stamp duty from my deposit?
Yes, stamp duty is paid in cash at settlement, separately from the deposit, unless you qualify for an exemption.
From: How Much Deposit Do You Need to Buy a House in Australia?
Is it better to wait for 20%?
Not always. If you qualify for the 5% Deposit Scheme, there's no LMI anyway, so the main difference is a bigger loan.
From: How Much Deposit Do You Need to Buy a House in Australia?
How long does the whole process take?
From pre-approval to keys, often 2 to 4 months, depending on how long you search. Settlement itself is usually about 6 weeks after exchange.
From: First Home Buyer Checklist: Every Step From Saving to Settlement
When should I talk to a mortgage broker?
Before you start looking. Pre-approval sets your budget and makes you a stronger buyer.
From: First Home Buyer Checklist: Every Step From Saving to Settlement
Can I buy at auction as a first home buyer?
Yes, but make sure your finance and inspections are done beforehand. We cover this in our post on buying at auction.
From: First Home Buyer Checklist: Every Step From Saving to Settlement
Can I add stamp duty to my home loan?
Generally no. Stamp duty is paid from your own funds at settlement. Some lenders allow a slightly higher loan to cover costs in certain cases, but plan to pay it in cash.
How much should I keep aside after settlement?
We suggest at least one to three months of repayments, ideally in an offset account.
Are inspection costs refundable if I don't buy?
No. It's still cheaper than buying a property with a major defect.
Can my partner use one scheme and I use another?
Not on the same property. If you buy together, you both use the same federal scheme, but you can each release your own FHSS savings.
From: Can You Combine First Home Buyer Schemes? What Stacks and What Doesn't
Do these schemes apply if I'm buying with a friend?
The 5% Deposit Scheme allows two eligible applicants, including friends or siblings. Stamp duty concessions depend on each buyer being eligible.
From: Can You Combine First Home Buyer Schemes? What Stacks and What Doesn't
Are these schemes going to change?
Schemes are reviewed regularly. Price caps and income limits are often updated each financial year. We keep track so you don't have to.
From: Can You Combine First Home Buyer Schemes? What Stacks and What Doesn't
Can we buy together if we're not married?
Yes. Lenders don't require you to be married or in a de facto relationship.
Can one person be on the loan but both on the title?
It's uncommon and lender-dependent. Usually everyone on the title must also be on the loan.
Does my partner's bad credit affect me if we apply together?
Yes. Lenders assess both applicants. Sometimes it's better for the person with clean credit to apply alone.
Is there a stamp duty concession for non-first home buyers in Victoria?
There's a principal place of residence concession for homes up to $550,000, but first home buyer concessions are much more generous.
From: First Home Buyers in Victoria: 2026 Grants and Stamp Duty Guide
Can I get the Victorian grant on a house-and-land package?
Yes, if the combined value is $750,000 or less and you meet the other conditions.
From: First Home Buyers in Victoria: 2026 Grants and Stamp Duty Guide
Is the Victorian Homebuyer Fund still open?
No, it has closed to new participants. The federal Help to Buy scheme is the replacement option.
From: First Home Buyers in Victoria: 2026 Grants and Stamp Duty Guide
Can I get the $30,000 grant on an established home?
No. It's only for new homes. Established homes may still get the stamp duty concession.
From: First Home Buyers in Queensland: The $30,000 Grant and Duty Relief
Can I use the grant if I'm moving from NSW?
Yes, as long as you meet the eligibility rules and live in the Queensland home as required.
From: First Home Buyers in Queensland: The $30,000 Grant and Duty Relief
Does the $750,000 cap include land?
For a build, yes. The cap is the total value of the home including land.
From: First Home Buyers in Queensland: The $30,000 Grant and Duty Relief
Can I buy a studio apartment with a 5% deposit?
Possibly, but many lenders won't lend 95% on very small units. Check the internal size before you bid.
From: Apartment or House for Your First Home? A Lending Perspective
Do strata fees really affect what I can borrow?
Yes. Lenders include them as a regular expense.
From: Apartment or House for Your First Home? A Lending Perspective
Are new apartments a good first home?
They can be, and may qualify for the First Home Owner Grant. Check the developer's track record and be aware the valuation at settlement might come in below the contract price.
From: Apartment or House for Your First Home? A Lending Perspective
Can I later move into my rentvested property?
Yes. If you move in, it becomes your home. You can't get first home buyer stamp duty relief retrospectively.
From: Rentvesting: Buy Where You Can Afford, Live Where You Want
Do lenders treat rentvestors differently?
Your loan is assessed as an investment loan, and your own rent is counted as an expense.
From: Rentvesting: Buy Where You Can Afford, Live Where You Want
Is rentvesting better than buying with a 5% deposit?
It depends on your goals, income and where you want to live. We'd compare both before you decide.
From: Rentvesting: Buy Where You Can Afford, Live Where You Want
Can I use the Family Home Guarantee if I've owned a home before?
Yes. Unlike most first home buyer schemes, previous ownership doesn't automatically rule you out.
From: Family Home Guarantee: How Single Parents Can Buy With 2%
Does child support count as income?
Often yes, especially if it's paid under a court order or child support assessment. Policies differ between lenders.
From: Family Home Guarantee: How Single Parents Can Buy With 2%
Can I combine it with stamp duty concessions?
If you're also a first home buyer, you may be eligible for state concessions. If you've owned before, standard duty usually applies.
From: Family Home Guarantee: How Single Parents Can Buy With 2%
Where should I keep my deposit savings?
A high-interest savings account in your name is usually best. Avoid putting a short-term deposit in shares or crypto, because the value can fall right when you need it.
From: How Long Does It Take to Save a House Deposit? (And How to Go Faster)
Does rent count as savings?
Some lenders accept 12 months of on-time rent payments as genuine savings for part of the deposit. Policies vary.
From: How Long Does It Take to Save a House Deposit? (And How to Go Faster)
How much should I save each month?
Work backwards from your target and timeline. If the number looks impossible, check which schemes reduce the target before cutting your budget to the bone.
From: How Long Does It Take to Save a House Deposit? (And How to Go Faster)
Can I use the 5% Deposit Scheme for off-the-plan?
Yes, but the scheme guarantee is arranged near settlement, and the price cap applies to the contract price. Speak to us early so it's planned for.
From: Buying Off the Plan as a First Home Buyer: Finance Risks to Know
What if I can't get finance at settlement?
You could lose your deposit and be sued for any loss the developer suffers on resale. That's why planning for valuation and rate changes matters.
From: Buying Off the Plan as a First Home Buyer: Finance Risks to Know
Is an off-the-plan valuation done before I sign?
No. The lender's valuation happens near completion. Some buyers get an independent valuation beforehand for peace of mind.
From: Buying Off the Plan as a First Home Buyer: Finance Risks to Know
Will prices keep falling in 2026?
Nobody knows for sure. Higher rates usually slow price growth, but supply shortages and population growth support prices over the longer term. Focus on what you can afford.
From: Should First Home Buyers Wait for Prices to Fall in 2026?
Should I fix my rate if I buy now?
That depends on your situation. Fixed rates have already risen in anticipation of further hikes. We cover this in our post on fixed versus variable rates.
From: Should First Home Buyers Wait for Prices to Fall in 2026?
Is it better to buy in a regional area?
Regional markets have held up better in 2026, but buy where you want to live and where the fundamentals are sound.
From: Should First Home Buyers Wait for Prices to Fall in 2026?
Can I build with a 5% deposit?
Yes, through the 5% Deposit Scheme with a participating lender that offers construction loans.
From: Building Your First Home: How Construction Loans and Grants Work
When do I start paying principal?
Usually after practical completion. During construction, most lenders charge interest only on what's drawn.
From: Building Your First Home: How Construction Loans and Grants Work
Can I be an owner-builder?
Some lenders will lend to owner-builders, but policies are much stricter. Expect a lower LVR.
From: Building Your First Home: How Construction Loans and Grants Work
How much buffer should I have after buying?
Ideally one to three months of repayments plus a small emergency fund for repairs.
From: 9 Home Loan Mistakes First Home Buyers Make (and How to Avoid Them)
Can I change lenders after I buy?
Yes. Refinancing is common, though it costs some time and fees. If you're on a fixed rate, check for break costs.
From: 9 Home Loan Mistakes First Home Buyers Make (and How to Avoid Them)
Do brokers charge first home buyers?
Usually not. Most brokers, including Finfident, are paid by the lender when your loan settles.
From: 9 Home Loan Mistakes First Home Buyers Make (and How to Avoid Them)
Refinancing
How often should I review my home loan?
Regularly: we review our clients' rates periodically, and you should also check whenever rates move or your circumstances change.
Is there a minimum time before I can refinance?
Not usually, but some lenders charge early exit fees on loans settled under a certain period, and refinancing costs mean it's rarely worth doing within the first year unless the savings are large.
Will refinancing reset my loan term?
It can. If you refinance a loan with 25 years left into a new 30-year loan, you'll pay more interest overall unless you keep repayments at the old level.
Do I need to get my property valued myself?
No. The new lender orders and pays for the valuation in most cases.
Will my repayments change straight away?
Your first repayment to the new lender is usually due about a month after settlement.
Can I refinance while I'm on parental leave?
Sometimes, depending on the lender and your return-to-work date. See our post on refinancing with a change in income.
Can I add refinancing costs to my new loan?
Often yes, as long as the total stays within the lender's LVR limits.
From: How Much Does It Cost to Refinance a Home Loan in Australia?
Do I have to pay LMI again if I already paid it?
Usually yes, if you're refinancing above 80% LVR with a new lender. LMI doesn't transfer.
From: How Much Does It Cost to Refinance a Home Loan in Australia?
Are there tax deductions for refinancing costs?
For investment loans, some borrowing costs may be deductible over time. Ask your accountant.
From: How Much Does It Cost to Refinance a Home Loan in Australia?
Can I refinance before my fixed term ends?
Yes, but you may pay break costs. If rates have risen since you fixed, break costs may be small. Ask your lender for a quote.
From: Your Fixed Rate Is Ending: What to Do Before It Rolls Over
Will my lender automatically give me a good rate?
Not usually. The revert rate is often higher than what you could negotiate. Always ask.
From: Your Fixed Rate Is Ending: What to Do Before It Rolls Over
Should I fix again?
It depends on your need for certainty versus flexibility. Many borrowers split their loan to balance both.
From: Your Fixed Rate Is Ending: What to Do Before It Rolls Over
Is the loyalty tax illegal?
No. Lenders are allowed to price loans differently for new and existing customers, though regulators have pushed for more transparency.
From: The Loyalty Tax: Why Long-Term Borrowers Often Pay More
How often should I check my rate?
Regularly, and after every RBA decision that changes rates.
From: The Loyalty Tax: Why Long-Term Borrowers Often Pay More
Will refinancing affect my credit score?
A new application adds an enquiry to your file. One or two refinances over several years is normal and rarely a problem.
From: The Loyalty Tax: Why Long-Term Borrowers Often Pay More
Can I consolidate debts if I have bad credit?
Sometimes. Specialist lenders offer consolidation for borrowers with past credit issues, usually at higher rates. It can still be cheaper than the existing debts.
From: Refinancing to Consolidate Debt: When It Helps and When It Hurts
Will consolidation improve my credit score?
Paying off and closing multiple accounts can help over time, as long as you keep up repayments on the new loan.
From: Refinancing to Consolidate Debt: When It Helps and When It Hurts
Can I include a tax debt or HECS?
Lenders treat these differently. Some will refinance an ATO debt with a payment plan; HELP debts usually aren't consolidated because they're repaid through the tax system at no real interest.
From: Refinancing to Consolidate Debt: When It Helps and When It Hurts
Can I get cash out to use for anything?
Lenders generally accept common purposes like renovations, investment, education or a car. Some restrict "unspecified" cash out above certain amounts.
From: Cash-Out Refinance: Using Home Equity to Fund a Renovation
Will my rate be higher for cash out?
Not usually, if the total loan stays under 80% LVR.
From: Cash-Out Refinance: Using Home Equity to Fund a Renovation
Is renovation interest tax deductible?
On your own home, no. On an investment property, the interest on money borrowed for improvements may be deductible, and the improvements may be depreciable. Ask your accountant.
From: Cash-Out Refinance: Using Home Equity to Fund a Renovation
Can I get a refund of my original LMI if I refinance?
Generally no. LMI isn't refundable once the loan settles, apart from limited cases in the first year or two with some insurers.
Can I refinance at 95% LVR?
Some lenders allow it, but options are limited and LMI is expensive. It's usually only worthwhile for debt consolidation or exceptional rate savings.
Can I use the 5% Deposit Scheme to refinance?
No. The scheme only applies to purchases.
How often do lenders offer cashback?
It varies with competition. Some periods have many offers; at other times, very few. A broker can tell you what's available right now.
Can I get cashback more than once?
Generally only once per lender, and some lenders exclude borrowers who've had their cashback before.
Does cashback affect my borrowing power?
No. It's paid after settlement and isn't counted as income.
How often can I ask for a rate reduction?
There's no rule. Many people ask once a year or after a change in market rates.
From: How to Negotiate a Lower Home Loan Rate With Your Bank
Will asking for a lower rate affect my credit file?
No. A rate negotiation with your existing lender isn't a credit application.
From: How to Negotiate a Lower Home Loan Rate With Your Bank
Should I threaten to leave?
Only if you're willing to. Lenders can tell when it's a bluff, and a real competing offer is far more persuasive.
From: How to Negotiate a Lower Home Loan Rate With Your Bank
Does a lower valuation affect my current loan?
No. Your existing lender won't revalue or change your loan unless you apply for something new.
From: Refinancing When Property Values Are Falling: What to Know
Can I see the valuation report?
Lenders don't always provide the full report, but your broker can usually tell you the value and sometimes the comparable sales used.
From: Refinancing When Property Values Are Falling: What to Know
Should I wait for values to recover before refinancing?
If you're above 80% LVR and LMI would cost more than you'd save, waiting or negotiating may be better. If you're comfortably below 80%, falling values may make little difference.
From: Refinancing When Property Values Are Falling: What to Know
Can I refinance while on unpaid parental leave?
Possibly, with the right lender and documentation. It's easier with a confirmed return date and savings to cover the gap.
From: Refinancing After an Income Change: Parental Leave, New Job, Part-Time
Do I need to tell my current lender my income changed?
Not for your existing loan, unless you're applying for something new. If you're struggling with repayments, talk to them early.
From: Refinancing After an Income Change: Parental Leave, New Job, Part-Time
Is a contractor considered self-employed?
It depends. Some lenders treat contractors paid through an ABN as self-employed; others accept contractors with continuous work history as PAYG-equivalent.
From: Refinancing After an Income Change: Parental Leave, New Job, Part-Time
Can I refinance an investment loan with LMI waived?
If your LVR is 80% or under, LMI won't usually apply. Some professions can access waivers up to 90% LVR.
From: Refinancing an Investment Loan: Rates, Interest Only and Tax
Will refinancing reset my interest-only period?
Only if the new lender approves a new IO term. It's not automatic.
From: Refinancing an Investment Loan: Rates, Interest Only and Tax
Should investors fix?
It depends on your cash flow needs. Some investors fix part of their debt for certainty and keep part variable with an offset.
From: Refinancing an Investment Loan: Rates, Interest Only and Tax
Does the serviceability buffer apply to my current lender?
Not if you're just asking for a lower rate. It applies when you apply for new or increased credit.
Will it get easier if rates fall?
Yes. Lower rates mean lower assessment rates, which makes passing serviceability easier. But there's no telling when that will happen.
Can a broker really help if banks have said no?
Often. We know which lenders have flexibility, and we can approach your current lender with a competing offer on your behalf.
How long do enquiries stay on my file?
Credit enquiries generally stay on your file for five years, but their effect on your score fades much sooner.
Does checking my own credit score hurt it?
No. Checking your own file isn't a credit enquiry and doesn't affect your score.
Will a pre-approval count as an enquiry?
A formal pre-approval usually does. That's why we assess your situation first and only lodge applications that are likely to succeed.
Rates & Market
When will my bank pass on the rise?
Most lenders announced changes within days, with effective dates in early to mid-October. Check your lender's website or app.
From: RBA Lifts Rates to 4.60%: What the September 2026 Rise Means for You
Do fixed rate borrowers pay more?
Not during the fixed period. Your rate only changes when the fixed term ends.
From: RBA Lifts Rates to 4.60%: What the September 2026 Rise Means for You
Will savings rates go up too?
Some banks lift savings rates, but often not by the full amount. Shop around.
From: RBA Lifts Rates to 4.60%: What the September 2026 Rise Means for You
If the RBA cuts rates, will my rate drop automatically?
For variable loans, usually yes, though lenders decide how much to pass on. Fixed rates don't change during the fixed term.
Why did my fixed rate offer go up before the RBA moved?
Fixed rates reflect expected future rates. When markets expect hikes, fixed rates rise in advance.
Does the cash rate affect borrowing power?
Yes. Higher rates mean higher assessment rates, which reduce how much lenders will lend.
Will fixed rates go up again?
They may, if markets expect more hikes. They can also fall if expectations change. Nobody can say for certain.
From: Fixed or Variable in 2026? How to Choose When Rates Are Rising
Can I switch from fixed to variable later?
Yes, but if you break a fixed term early, you may pay break costs.
From: Fixed or Variable in 2026? How to Choose When Rates Are Rising
What happens at the end of a fixed term?
Your loan reverts to a variable rate, often higher than what you could negotiate. Review it two to three months beforehand.
From: Fixed or Variable in 2026? How to Choose When Rates Are Rising
Can I split my existing loan?
Yes. Most lenders let you split an existing loan. Fixing a portion is usually straightforward.
Can I have more than two splits?
Many lenders allow several. Too many can get confusing, so keep it purposeful.
Do both splits need the same term?
No. Many lenders let you set different terms for each split.
Will a hardship arrangement affect my credit file?
Hardship arrangements are reported on your credit file under comprehensive credit reporting, but they're flagged separately from missed payments and don't count as defaults when you meet the arranged terms.
From: Struggling With Mortgage Repayments? Your Options and Free Help
Can my lender refuse a hardship request?
They can, but they must give reasons and tell you about your right to complain to AFCA.
From: Struggling With Mortgage Repayments? Your Options and Free Help
Should I stop paying other bills to pay my mortgage?
Talk to a financial counsellor first. Prioritising the right debts matters.
From: Struggling With Mortgage Repayments? Your Options and Free Help
Does high inflation always mean higher rates?
Usually, if the RBA believes inflation will stay above target. If inflation is caused by a temporary shock, the RBA might wait.
From: How Inflation Affects Interest Rates and Your Home Loan
Is property a hedge against inflation?
Over long periods, property values and rents have tended to rise with or above inflation, but there are periods, like much of 2026, when values fall.
From: How Inflation Affects Interest Rates and Your Home Loan
When might rates come down?
That depends on inflation returning to target. Some economists have suggested cuts are possible in 2027, but forecasts change with every data release.
From: How Inflation Affects Interest Rates and Your Home Loan
Will prices keep falling?
Cotality's base case is a gradual drift lower rather than a sharp fall. Interest rates and inflation are the key factors.
Is now a good time to buy?
It can be, if you can comfortably afford repayments at higher rates and plan to hold long term. Market timing is hard; affordability and buffers matter more.
Why are Perth and Darwin still rising?
More affordable price points, strong population and jobs growth, and tight supply have kept these markets resilient.
Which Sydney areas are falling most?
High-priced areas have generally led the downturn, while more affordable segments have held up better. Local conditions vary, so check suburb-level data.
From: Sydney Property Prices Are Falling: What Buyers and Owners Should Know
Should I sell before prices fall further?
Only if it suits your plans. Selling costs, stamp duty on your next purchase and moving costs are significant.
From: Sydney Property Prices Are Falling: What Buyers and Owners Should Know
Will Sydney prices recover?
Historically, Sydney has recovered from every downturn, but the timing depends on interest rates and the economy.
From: Sydney Property Prices Are Falling: What Buyers and Owners Should Know
Do regional properties qualify for the same home loan rates?
Usually, yes, as long as the property meets the lender's criteria.
From: Why Regional Property Is Outperforming the Capitals in 2026
Is the South Coast considered regional?
Yes. Towns like Batemans Bay and Ulladulla fall under regional price caps for government schemes. Check exact caps by postcode at firsthomebuyers.gov.au.
From: Why Regional Property Is Outperforming the Capitals in 2026
Can I get a loan for a property on acreage?
Often yes, with the right lender. Very large blocks or working farms may need a specialist rural loan.
From: Why Regional Property Is Outperforming the Capitals in 2026
Is it better to have a buffer or pay down my loan faster?
With an offset account, you get both. Money in offset reduces interest while staying accessible.
From: How to Build a Mortgage Buffer (and Why It Matters More in 2026)
Does a buffer affect my credit score?
No, but it can help your next loan application.
From: How to Build a Mortgage Buffer (and Why It Matters More in 2026)
How do I get an offset account?
Many variable loans include one, sometimes as part of a package. If yours doesn't, it may be worth refinancing.
From: How to Build a Mortgage Buffer (and Why It Matters More in 2026)
Is this law yet?
Yes. The ATO states the changes were enacted through the Treasury Laws Amendment (Tax Reform No. 1) Act 2026 and the Income Tax Rates Amendment (Tax Reform No. 1) Act 2026.
From: Negative Gearing and CGT Changes From 2027: What Investors Need to Know
Do the changes affect shares too?
The CGT changes apply to capital gains more broadly, not just property. Speak to your accountant.
From: Negative Gearing and CGT Changes From 2027: What Investors Need to Know
What counts as a "new build"?
The legislation sets out the definition. Generally, newly constructed dwellings that haven't been previously sold as residential premises. Check the specifics before relying on it.
From: Negative Gearing and CGT Changes From 2027: What Investors Need to Know
How will I be notified?
Usually by email, letter or in-app notification. Lenders can also advertise rate changes in newspapers, but repayment changes need direct notice.
From: When Rates Rise, When Do Your Repayments Actually Change?
Can I ask my lender not to increase my repayment?
If you're struggling, you can request a hardship variation. Otherwise, the required repayment must be met.
From: When Rates Rise, When Do Your Repayments Actually Change?
Do offset balances change the repayment?
Usually not. An offset reduces interest charged, which means more of your repayment goes to principal, but your required repayment amount typically stays the same.
From: When Rates Rise, When Do Your Repayments Actually Change?
Borrowing & Approval
Why do different calculators give different answers?
Each lender uses different assumptions for expenses, buffers and income shading.
From: How Much Can I Borrow? How Lenders Calculate Borrowing Power
Does my deposit affect how much I can borrow?
Not directly. Your deposit affects how much you can spend in total, and your LVR, but borrowing power is about income and expenses.
From: How Much Can I Borrow? How Lenders Calculate Borrowing Power
Should I borrow the maximum?
Not necessarily. Borrow what you can comfortably repay, with room for further rate rises.
From: How Much Can I Borrow? How Lenders Calculate Borrowing Power
Does the buffer mean I'll pay a higher rate?
No. It's only used for assessment. You pay the actual rate.
Is the buffer applied to my existing loan?
Not unless you apply for new or increased credit.
Does the buffer apply to fixed rate loans?
Yes. Lenders assess fixed loans using a buffered rate too, usually based on the rate you'd revert to.
Is a DTI over 6 automatically declined?
No. Banks can still lend above 6 within their 20% allowance, and non-banks aren't bound by the APRA limit.
Does DTI affect my interest rate?
Not directly, but some lenders price high-DTI loans differently.
Are first home buyers affected?
Rarely. Most first home buyers have DTIs well under 6.
Do lenders look at my partner's expenses if they're not on the loan?
They may ask about shared household costs. If you live together, lenders often assess living costs for the whole household.
From: How Living Expenses Affect Your Borrowing Power (and What HEM Is)
Is private school counted?
Yes, school fees are counted as a commitment, often on top of HEM.
From: How Living Expenses Affect Your Borrowing Power (and What HEM Is)
Will lenders count my Afterpay balance?
Many lenders now treat BNPL as a debt or regular expense. See our post on BNPL and your home loan.
From: How Living Expenses Affect Your Borrowing Power (and What HEM Is)
Do debit cards count?
No. Only credit facilities.
From: Credit Cards and Borrowing Power: Why Your Limit Matters
Do lenders count my business credit card?
If you're personally liable, often yes. If it's in a company's name only, it may be treated differently.
From: Credit Cards and Borrowing Power: Why Your Limit Matters
Can I get a new card after settlement?
Yes, but be sensible. Lenders can check your credit until settlement.
From: Credit Cards and Borrowing Power: Why Your Limit Matters
Will one BNPL purchase stop me getting a loan?
Unlikely. Patterns and missed payments matter more than a single purchase.
Should I close my Afterpay account?
If you're applying soon, it can help. Some lenders count available limits as debt.
Does BNPL affect my credit score?
It can, particularly if payments are missed. On-time payments can also be reported under comprehensive credit reporting.
Can I upload documents online?
Yes. At Finfident we use secure document upload, so you don't need to visit an office.
From: Documents You Need for a Home Loan Application in Australia
How recent do documents need to be?
Payslips usually within the last month or so, and bank statements covering the most recent three months.
From: Documents You Need for a Home Loan Application in Australia
What if I'm missing a document?
Tell us. There's often an alternative, like an accountant's letter or employer confirmation.
From: Documents You Need for a Home Loan Application in Australia
Does pre-approval mean I'll definitely get the loan?
No. It's conditional. But it's a strong indication if your circumstances don't change.
From: Pre-Approval vs Unconditional Approval: What's the Difference?
Can I get pre-approval from multiple lenders?
You can, but each application adds a credit enquiry. A broker can compare without multiple applications.
From: Pre-Approval vs Unconditional Approval: What's the Difference?
What if my pre-approval expires?
You can usually renew it with updated documents. Your borrowing power may change if rates have moved.
From: Pre-Approval vs Unconditional Approval: What's the Difference?
Does a decline go on my credit file?
The enquiry stays on your file, but not the outcome of the application.
How soon can I reapply?
You can apply with another lender straight away, but make sure you've addressed the reason first.
Can I find out exactly why I was declined?
Lenders don't always give detailed reasons, but if it's due to information in your credit report, they must tell you.
Can I check my credit score for free?
Yes. You can get free credit reports from each bureau, and many free services show your score.
From: What Credit Score Do You Need for a Home Loan in Australia?
Does checking my own score lower it?
Will one late payment ruin my chances?
Not usually. Lenders look at patterns. One late payment is less concerning than repeated misses.
From: What Credit Score Do You Need for a Home Loan in Australia?
Can I get same-day approval?
Some lenders offer fast pre-approvals for simple applications, but formal approval with a valuation usually takes longer.
Does using a broker take longer?
Not usually. Brokers often speed things up by getting the application right first time and following up with the lender.
How long is pre-approval valid?
Typically 90 days, sometimes longer, depending on the lender.
Is LMI tax deductible?
For investment properties, LMI is generally deductible over five years or the loan term if shorter. For your own home, no.
From: Lenders Mortgage Insurance (LMI) Explained: Cost and How to Avoid It
Is LMI the same as mortgage protection insurance?
No. Mortgage protection insurance covers you if you can't work. LMI covers the lender.
From: Lenders Mortgage Insurance (LMI) Explained: Cost and How to Avoid It
Can I get LMI waived as a nurse?
Some lenders offer reduced LMI or waivers for certain health professionals. Policies change, so ask us.
From: Lenders Mortgage Insurance (LMI) Explained: Cost and How to Avoid It
Can I see the valuation report?
Lenders don't always release it, but your broker can usually tell you the value and sometimes the comparables used.
Do I pay for another valuation?
Usually not, if a broker orders one through a different lender.
Is the bank's valuation the "real" value?
It's a conservative estimate for lending. It may differ from what a buyer would pay.
Will a broker get me a better rate than my bank?
Often, yes, because brokers know which lenders are offering the sharpest pricing and can negotiate. But not always. A good broker will tell you if your bank's offer is best.
Do brokers only recommend lenders that pay higher commissions?
Commissions are broadly similar across lenders, and the Best Interests Duty requires brokers to put your interests first.
Can a broker help after settlement?
Yes. At Finfident, we review your loan regularly and help with refinancing, top-ups and rate negotiations.
Can I get a home loan with 3 months of casual work?
Possibly, if you've worked in the same industry before. Some lenders allow this.
From: Home Loans for Casuals, Contractors and People on Probation
Will lenders count my overtime?
Often partly, if it's regular and has a history.
From: Home Loans for Casuals, Contractors and People on Probation
Do I need two years of tax returns as a contractor?
Not always. Some lenders accept one year, or a current contract with industry experience.
From: Home Loans for Casuals, Contractors and People on Probation
Investing
Should my first property be an investment or a home?
It depends on your goals. Buying an investment first can rule you out of first home buyer concessions later.
From: How to Buy Your First Investment Property: A Step-by-Step Guide
Can I use my super to buy an investment property?
Not for a new residential investment. Since 10 August 2026, an SMSF can only use a new limited recourse borrowing arrangement (LRBA) to buy business real property, such as commercial premises used in a business. SMSF loans set up before that date, and refinancing them, are unaffected. See our SMSF lending update.
From: How to Buy Your First Investment Property: A Step-by-Step Guide
How much rent do lenders count?
Usually 70% to 80% of the rental appraisal or lease.
From: How to Buy Your First Investment Property: A Step-by-Step Guide
Can I switch from IO to P&I early?
Yes, usually at any time without penalty on variable loans.
From: Interest-Only or Principal and Interest for Investors?
How long can I have IO for?
Typically up to five years for investment loans, sometimes longer with some lenders.
From: Interest-Only or Principal and Interest for Investors?
Do IO loans cost more?
Usually yes. IO rates are typically higher than P&I rates.
From: Interest-Only or Principal and Interest for Investors?
Do I need to refinance my home to access equity?
Not necessarily. You can often add a new split with your current lender. Refinancing may get a better rate though.
From: Using Equity in Your Home to Buy an Investment Property
Can I use equity for an interstate property?
Yes. The equity loan is secured against your home; the investment loan against the new property, wherever it is.
From: Using Equity in Your Home to Buy an Investment Property
Can I use equity to buy a property for my children?
Possibly, but the tax treatment differs. If the property isn't income-producing for you, interest won't be deductible.
From: Using Equity in Your Home to Buy an Investment Property
What's a good rental yield in Australia?
It depends on location. Many capitals sit around 3% to 4.5% gross; some regional areas exceed 5%.
From: Rental Yield vs Capital Growth: Which Should Investors Prioritise?
Is capital growth guaranteed?
No. Values can fall, as Sydney and Melbourne showed in 2026.
From: Rental Yield vs Capital Growth: Which Should Investors Prioritise?
Should I buy new for negative gearing?
New builds remain eligible, but consider growth prospects and the risks of new developments.
From: Rental Yield vs Capital Growth: Which Should Investors Prioritise?
Will my rate change if I move out and rent my home?
Possibly. Many lenders reprice to investor rates when the purpose changes.
From: Why Investment Loan Rates Are Higher Than Owner-Occupier Rates
Are investor rates always higher?
Almost always, but occasionally a lender runs a promotion that narrows the gap.
From: Why Investment Loan Rates Are Higher Than Owner-Occupier Rates
Can I use an offset on an investment loan?
Yes, but it's usually better to keep savings offsetting your non-deductible home loan.
From: Why Investment Loan Rates Are Higher Than Owner-Occupier Rates
Is negative gearing a good strategy?
Only if the long-term growth outweighs the ongoing losses. It's never good to lose money just for a tax deduction.
From: Positive vs Negative Gearing Explained for Australian Investors
Do I lose negative gearing if I refinance?
Refinancing a grandfathered property's loan shouldn't in itself change its status, but check with your accountant before restructuring.
From: Positive vs Negative Gearing Explained for Australian Investors
Can depreciation make a property negatively geared?
Yes. Depreciation is a non-cash deduction, so a property can be cash-flow positive but still show a tax loss.
From: Positive vs Negative Gearing Explained for Australian Investors
Will my bank cross my loans automatically?
Some do if you don't ask otherwise. Always check the security structure in your loan documents.
From: Cross-Collateralisation: Why Investors Should Usually Avoid It
Does crossing affect my interest rate?
Not directly, but it affects flexibility.
From: Cross-Collateralisation: Why Investors Should Usually Avoid It
Is crossing the same as a family guarantee?
Similar idea, different purpose. A family guarantee uses a family member's property as limited security for your loan.
From: Cross-Collateralisation: Why Investors Should Usually Avoid It
How many investment properties can I have?
There's no fixed number. It depends on your income, rents, debts and lender policies.
From: Building a Property Portfolio: How Lenders Limit Your Next Purchase
Does rental income count fully?
Usually 70% to 80%. Some lenders count more for certain property types.
From: Building a Property Portfolio: How Lenders Limit Your Next Purchase
Should I sell to buy more?
Sometimes rebalancing helps. Selling costs and tax need careful consideration.
From: Building a Property Portfolio: How Lenders Limit Your Next Purchase
Can I claim interest on my home loan if I work from home?
Generally not for an owner-occupied home, except in limited circumstances. Ask your accountant.
From: Investment Property Tax Deductions: What You Can and Can't Claim
Is LMI on an investment loan deductible?
Generally yes, over five years or the loan term if shorter, as a borrowing cost.
From: Investment Property Tax Deductions: What You Can and Can't Claim
Do I need a depreciation schedule?
It's not required, but it often pays for itself, especially for newer properties.
From: Investment Property Tax Deductions: What You Can and Can't Claim
Can I get a home loan to build a granny flat?
Yes, through a construction loan or by using equity. Some lenders are more comfortable with granny flats than others.
Will my bank count the granny flat rent?
Many lenders will, with a lease or rental appraisal, though often at 70% to 80%.
Can I live in the granny flat and rent the main house?
Yes, that's common. It affects your loan purpose and tax, so tell your lender and accountant.
Can a trust use the 5% Deposit Scheme?
No. Government first home buyer schemes are for individuals buying a home to live in.
Can I move a property I own into a trust?
You can, but it's usually treated as a sale, triggering stamp duty and potentially CGT.
Do I need a corporate trustee?
Lenders often prefer one, and it's generally recommended for property-holding trusts.
Can I use a holiday home's rent to help me borrow?
Often yes, but lenders may only count long-term rental income or a shaded portion of short-stay income.
From: Financing a Holiday Home or Short-Stay Rental on the South Coast
Is a holiday home an owner-occupied loan?
Usually not, since it's not your main residence. Most lenders price it as investment or "second home" lending.
From: Financing a Holiday Home or Short-Stay Rental on the South Coast
Can I buy a holiday home with my super?
Not with SMSF borrowing. Since 10 August 2026, an SMSF can't use a new limited recourse borrowing arrangement to buy residential property, and an SMSF's property can never be used by you or your family anyway.
From: Financing a Holiday Home or Short-Stay Rental on the South Coast
Loan Features
Do I earn interest in an offset account?
No. Instead, you save interest on your loan, which is effectively tax-free.
Can I have multiple offset accounts?
Many lenders allow several offsets linked to one loan, handy for budgeting.
Does an offset reduce my repayments?
Usually not. Your repayment stays the same, but more goes towards principal, so you pay the loan off faster.
Do offset accounts work on fixed loans?
Some lenders offer full or partial offset on fixed loans, but many don't.
From: How an Offset Account Can Save You Thousands (With Real Numbers)
Is money in an offset safe?
Offset accounts are deposits, covered by the government's Financial Claims Scheme up to $250,000 per account holder per authorised deposit-taking institution.
From: How an Offset Account Can Save You Thousands (With Real Numbers)
Can I offset an investment loan?
You can, but it's usually smarter to offset your non-deductible home loan first.
From: How an Offset Account Can Save You Thousands (With Real Numbers)
Can I get extra repayments back?
On most variable loans, yes, via redraw. Check your lender's rules.
Do extra repayments reduce my required repayment?
Usually not. You pay the loan off faster instead. Some lenders let you recalculate a lower repayment on request.
Are there fees for extra repayments?
Not usually on variable loans.
Is a lower comparison rate always better?
Not always, especially for larger loans or if features like an offset matter to you.
From: Comparison Rates Explained: Why the Headline Rate Isn't Everything
Do all lenders have to show a comparison rate?
Yes, in advertising that includes an interest rate for consumer credit, under the National Credit Code.
From: Comparison Rates Explained: Why the Headline Rate Isn't Everything
Why does the warning say "this comparison rate is true only for the example given"?
Because the result changes with loan size, term and fees.
From: Comparison Rates Explained: Why the Headline Rate Isn't Everything
Can I switch to fortnightly repayments?
Most lenders let you change frequency online or over the phone.
From: Weekly, Fortnightly or Monthly Repayments: Which Saves More?
Do fixed loans allow fortnightly repayments?
Usually yes, but extra repayments may be capped, so the 13th payment could hit the limit on a large loan.
From: Weekly, Fortnightly or Monthly Repayments: Which Saves More?
Is it better than just paying extra monthly?
It's the same idea. Paying an extra month a year saves roughly the same whether you do it fortnightly or as a lump sum.
From: Weekly, Fortnightly or Monthly Repayments: Which Saves More?
Is the package fee charged per loan?
Usually per package, covering multiple loans and splits.
From: Package Home Loans vs Basic Loans: Is the Annual Fee Worth It?
Do package loans cover investment loans?
Often yes. One package can include owner-occupied and investment loans.
From: Package Home Loans vs Basic Loans: Is the Annual Fee Worth It?
Is the fee tax deductible?
For investment loans, the portion relating to investment borrowing may be deductible. Ask your accountant.
From: Package Home Loans vs Basic Loans: Is the Annual Fee Worth It?
What's the maximum bridging period?
Usually 6 to 12 months, depending on the lender and whether you're building.
From: Buy First or Sell First? Your Finance Options When Upgrading
Do I pay interest on two loans during bridging?
Often you pay interest on the end debt only, with bridging interest capitalised. Policies vary.
From: Buy First or Sell First? Your Finance Options When Upgrading
Can I use bridging finance if I'm building my next home?
Yes. Some lenders allow longer bridging periods for construction.
From: Buy First or Sell First? Your Finance Options When Upgrading
Do all lenders offer portability?
Many do, but not all. Check your loan contract or ask your lender.
From: Home Loan Portability: Taking Your Loan to Your Next Home
Is there a fee?
Some lenders charge a fee for portability. It's often less than refinancing costs.
From: Home Loan Portability: Taking Your Loan to Your Next Home
Can I port a loan to an investment property?
Usually, but the loan purpose and rate may change.
From: Home Loan Portability: Taking Your Loan to Your Next Home
Can I borrow more than 80% for a renovation?
Possibly, with LMI. It's often better to stay under 80%.
Will my lender value the property after renovation?
For construction loans, some lenders value "as if complete".
How long does renovation finance take?
From a few days for redraw to several weeks for a construction loan.
Can I get a construction loan with an existing mortgage?
Yes. The construction loan usually refinances your existing loan as part of the facility.
Do I need to pay for demolition upfront?
It depends on the lender. Some include it in the progress payments.
How long does a knockdown rebuild take?
Often 12 to 18 months from approval to move-in, depending on council and the builder.
Can I buy land with a 5% deposit?
If you're a first home buyer with a building contract, possibly through the 5% Deposit Scheme. For land only, usually not.
Is there a deadline to build?
Some lenders and stamp duty concessions have timeframes. Check before you buy.
Can I build later with a different lender?
Yes. You can refinance the land loan into a construction loan with another lender.
Can I take my name off the loan without refinancing?
Usually not. The lender must agree to release you, which normally means the remaining borrower requalifies.
Will child support count as income?
Many lenders accept it, especially with a formal assessment or court order and a regular payment history.
How long does a separation refinance take?
Often 3 to 6 weeks, once you have signed settlement documents.
Specialist Loans
Can I get a home loan with one year of tax returns?
Some lenders accept one year, especially if you were in the same industry before.
Do lenders count my company's profit?
Some do, if you own the company and the profit is shown in the financial statements.
Can I use the 5% Deposit Scheme if self-employed?
Yes, if you meet eligibility and a participating lender approves your income.
Can I buy an established home with my Australian partner?
There may be exemptions for spouses buying as joint tenants. Get legal advice.
From: Home Loans for Temporary Visa Holders: The 2026 Foreign Buyer Ban
Will the ban be extended?
It already has been. The 2026–27 Budget extended the ban to 30 June 2029.
From: Home Loans for Temporary Visa Holders: The 2026 Foreign Buyer Ban
Can I refinance a home I already own?
Yes. The ban applies to buying, not refinancing.
From: Home Loans for Temporary Visa Holders: The 2026 Foreign Buyer Ban
Can I get a home loan in my first year of PR?
Yes, many lenders will lend if you have stable Australian income.
From: Home Loans for New Permanent Residents and Recent Migrants
Do lenders accept income from overseas rental properties?
Some do, with heavy shading and documentation.
From: Home Loans for New Permanent Residents and Recent Migrants
Can my parents overseas gift me a deposit?
Often yes, with a gift letter and evidence of the transfer.
From: Home Loans for New Permanent Residents and Recent Migrants
Can I get a 30-year loan at 55?
Possibly, with a credible exit strategy.
Can I use my super to pay off my mortgage?
Once you meet a condition of release, such as retirement after preservation age, you can generally access your super. Get financial advice first.
Is age discrimination allowed?
No. Lenders can't refuse because of age alone, but they must assess suitability.
Will paying a default remove it?
No, but it'll show as paid, which lenders view more favourably.
From: How to Fix Your Credit Before Applying for a Home Loan
How many enquiries is too many?
There's no fixed number, but several in a few months raises flags.
From: How to Fix Your Credit Before Applying for a Home Loan
Can a broker see my credit file?
With your consent, yes. We can review it before any application.
From: How to Fix Your Credit Before Applying for a Home Loan
Can I use casual income from a second job?
Often yes, with a consistent history.
From: Home Loans for Nurses, Aged Care and Disability Support Workers
Do lenders count salary packaging?
Many do. Salary packaging common in health and not-for-profit roles can be added back, as the packaged amount is tax-free.
From: Home Loans for Nurses, Aged Care and Disability Support Workers
Are agency nurses treated as casual?
Usually, though some lenders treat long-term agency contracts more favourably.
From: Home Loans for Nurses, Aged Care and Disability Support Workers
Do lenders count HELP debt as a loan?
They count the repayment, not the balance, in most cases. Some include the balance in debt-to-income calculations.
From: HECS-HELP Debt and Your Home Loan: How Much Does It Affect You?
Will my HELP debt stop me using the 5% Deposit Scheme?
No. It only affects borrowing power.
From: HECS-HELP Debt and Your Home Loan: How Much Does It Affect You?
Can I consolidate HELP into my mortgage?
Generally not worthwhile, because HELP doesn't charge interest the way a home loan does.
From: HECS-HELP Debt and Your Home Loan: How Much Does It Affect You?
How much can my parents gift me?
There's no limit from a lending perspective. Centrelink gifting rules may affect parents receiving the pension.
From: Using a Gifted Deposit From Family: The Rules Lenders Apply
Can the gift come from overseas?
Yes, with documentation of the transfer.
From: Using a Gifted Deposit From Family: The Rules Lenders Apply
Can my friend gift me a deposit?
Some lenders only accept gifts from immediate family. Policies vary.
From: Using a Gifted Deposit From Family: The Rules Lenders Apply
Local Guides
Do lenders treat Batemans Bay as regional?
Yes. Most mainstream lenders lend normally here, though some apply limits to specific property types or acreage.
Can I use the 5% Deposit Scheme for a house in Batemans Bay?
Yes, if the price is within the regional cap and you meet eligibility rules.
Is it hard to get insurance?
Not usually, but premiums can be higher in flood or bushfire-prone areas. Always get a quote first.
Is Wollongong considered regional for first home buyer schemes?
For the 5% Deposit Scheme, it's classed as a regional centre with the higher cap. Always check by postcode.
From: First Home Buyers in Wollongong and the Illawarra: 2026 Guide
Are there grants for building in West Dapto?
The NSW First Home Owner Grant applies to new builds under the caps.
From: First Home Buyers in Wollongong and the Illawarra: 2026 Guide
Do lenders treat Wollongong like Sydney?
Most mainstream lenders lend normally in the Illawarra.
From: First Home Buyers in Wollongong and the Illawarra: 2026 Guide
Will the airport increase property values?
Infrastructure can support values over time, but it's not guaranteed. Buy on fundamentals.
From: Buying Your First Home in Western Sydney: What to Know in 2026
Is a townhouse or house better in Western Sydney?
It depends on budget and lifestyle. Houses usually have more land value; townhouses can be more affordable.
From: Buying Your First Home in Western Sydney: What to Know in 2026
Can I buy with a 5% deposit in Western Sydney?
Yes, if you're eligible for the 5% Deposit Scheme and the price is under the cap.
From: Buying Your First Home in Western Sydney: What to Know in 2026
Can I get a loan for a regional property if I'm still working in Sydney?
Yes. Lenders assess your income, not where you work.
From: Moving From Sydney to Regional NSW: Home Loan Tips for Sea Changers
Do regional properties get the same rates?
Usually, if they meet the lender's criteria.
From: Moving From Sydney to Regional NSW: Home Loan Tips for Sea Changers
What if I want to build?
A construction loan can fund building on land you buy regionally.
From: Moving From Sydney to Regional NSW: Home Loan Tips for Sea Changers
Is Nowra considered regional for first home buyer schemes?
Yes. It's generally under the "rest of state" cap. Check your postcode.
From: Buying in the Shoalhaven and Nowra: A Home Buyer's Guide
Can defence members use the 5% Deposit Scheme?
Yes, if eligible. DHOAS may also be available.
From: Buying in the Shoalhaven and Nowra: A Home Buyer's Guide
Do lenders restrict lending in the Shoalhaven?
Most mainstream lenders lend normally. Acreage and some property types may have limits.
From: Buying in the Shoalhaven and Nowra: A Home Buyer's Guide
Do I need to visit an office?
No. Everything can be done remotely.
From: Working With Finfident: What to Expect From Your Mortgage Broker
How long does the first conversation take?
Usually 20 to 30 minutes.
From: Working With Finfident: What to Expect From Your Mortgage Broker
What should I have ready?
Rough figures on income, debts, savings and what you're looking to do. We'll take it from there.
From: Working With Finfident: What to Expect From Your Mortgage Broker