Contact details

Card image cap

Purchasing a new home

It's important to have your finance in place, speak with us about arranging your pre-approval?

Today's Lowest Interest Rates For Home Buyers

Last updated 6:00am, 11th Apr 2021

Purchasing FAQ

How much do I need for a deposit for a home loan?

When purchasing an owner occupied property lenders will require you have a minimum 5% deposit; for investment properties the despoit most lenders will require is 10% of the property price.

What is a lenders mortgage insurance?

Lenders Mortgage Insurance ('LMI') is an insurance policy which protects the bank against any loss in the event of default by the borrower. Although the insurance policy doesn't protect the borrower, banks will usually pass the cost of the insurance policy on to the borrower.

How much is a mortgage insurance?

Lenders Mortgage Insurance ('LMI') will vary depending on your loan amount and the property value. Use our LMI quote calculator to give your idea what it could cost you.

How can I avoid paying mortgage insurance?

You can avoid the LMI premium by having a 20% deposit and not borrowing more than 80% of your properties value. For first home buyers, using a family guarantee will allow you to avoid mortgage insurance.

Stamp Duty Calculator

Customer Reviews

Christopher Busuttil profile pic
Christopher Busuttil

Great Experience with Get a Better Rate . If we could give more than 5 star to our broker Peter Hammond we would cause he deserves it. He's been so helpful and patient to us from the start up to this point of our loan. He's very professional and passionate with his job. Very reliable and easy to communicate as you can contact him at anytime and response as soon as he can.. Most of all for a first timer like us it would have been so hard for us to understand how things works but he manage to explain everything in a professional and yet understandable and the easiest way. Without his guidance we wouldn't make this experience as easy and enjoyable as it is.. Glad we have him in this journey of our loan.. Thank you Peter..
rebekah herington profile pic
rebekah herington

Peter Hammond is an absolute gem. I was super anxious about signing up for a mortgage and buying a place, Peter could not have been more supportive. He ensured that my priorities and preferences were taken into account, presented me with several options and guided me to choose the best loan option for me while also ensuring I took advantage of any schemes I was entitled to. He was always prompt in responding to enquiries, never made me feel pressured to rush into anything I wasn't sure about (I took more than 6 mnths to find a property) and provided me with endless relevant information throughout. Overall, I'd say Peter went above and beyond and I have no qualms in referring anyone to him.
Ammar Khan profile pic
Ammar Khan

Highly recommend Peter from 'Get a Better Rate'. We received friendly, helpful and professional service from 'Get a Better Rate'. We were given a range of options to choose from for our home loan refinance. We were kept up-to-date with status updates throughout the whole process. Overall, very happy with the service that we received.
Matthew Booth profile pic
Matthew Booth

We refinanced through 'Get a better rate' and were very happy with the whole experience. Peter discussed our needs, presented options and then helped us decide what was best for our situation. He moved through the process at our pace (quickly) which was lucky because we settled just 2 days before the bank raised their rate. I can confidently recommend Peter and Get a Better Rate

Our lenders

86 400 logo PNG and SVF formats

AFG Home Loans logo PNG and SVF formats

ANZ logo PNG and SVF formats

Auswide Bank logo PNG and SVF formats

Bank Australia logo PNG and SVF formats

Bank SA logo PNG and SVF formats

Bankwest logo PNG and SVF formats

Beyond Bank logo PNG and SVF formats

Bluestone logo PNG and SVF formats

Better Mortgage Management logo PNG and SVF formats

Bank of Melbourne logo PNG and SVF formats

Bank of QLD logo PNG and SVF formats

Bank of Sydney logo PNG and SVF formats

Commonwealth Bank logo PNG and SVF formats

Bank of China logo PNG and SVF formats

Citibank logo PNG and SVF formats

CUA logo PNG and SVF formats

Firefighters Mutual Bank logo PNG and SVF formats

Granite Home Loans logo PNG and SVF formats

Health Professionals Bank logo PNG and SVF formats

Heritage Bank logo PNG and SVF formats

ING logo PNG and SVF formats

Keystart logo PNG and SVF formats

La Trobe Financial logo PNG and SVF formats

Liberty Financial logo PNG and SVF formats

Macquarie Bank logo PNG and SVF formats

ME logo PNG and SVF formats

MKM Capital Pty Ltd logo PNG and SVF formats

MyState logo PNG and SVF formats

NAB logo PNG and SVF formats

Newcastle Permanent logo PNG and SVF formats

Pepper Money logo PNG and SVF formats

P&N Bank logo PNG and SVF formats

QBank logo PNG and SVF formats

Resimac logo PNG and SVF formats

St George Bank logo PNG and SVF formats

Suncorp logo PNG and SVF formats

Teachers Mutual Bank logo PNG and SVF formats

UniBank logo PNG and SVF formats

Virgin Money logo PNG and SVF formats

Westpac logo PNG and SVF formats