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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, 17th Jan 2022

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

Need a conveyancer?

Whether you're buying or selling a property, it is recommended to use the services of a local conveyancer

Customer Reviews

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jack smith

I can’t speak highly enough about Peter at Get a Better Rate. He is very knowledgeable and reliable, would seriously recommend!!
Connor O
Connor O'Meara

Peter came highly recommended by a friend. We found him to be extremely professional, excellent and prompt with communication and patient with our many first home buyer stupid questions. A lot of hand holding, but he was always happy to help. Thanks for your help.
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Lisa Tran

It was a pleasure meeting Peter and have him guide us through what needed to be done for our home loan. He was responsive and knowledgeable, provided the best advice for us and was able to answer any queries thrown at him.
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Adwar Alkhamesi

Peter has been an outstanding broker from the outset of the matter all the way to settlement. He explains everything very clearly and provides an excellent service by offering the best loan to suit your personal circumstances. He is always very attentive, knowledgeable about the entire process and provides regular updates to alleviate any stress. Even when I hassle him with emails and phone calls, he somehow always manages to respond within 24 hours. Highly recommend his services to anyone looking to get a loan and will definitely be using him again in the future!

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