Beginner’s Guide to Home Loans

Hot topics

Hot topic #
01

What is loan to value ratio (LVR)?

You might be wondering, what is LVR (loan to value ratio)? It’s the borrowed amount relative to the value of the property being bought or refinanced.
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Hot topic #
02

What is equity?

Everything you need to know about equity, from how to build it and what it's used for.
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Hot topic #
03

What is a discharge fee?

We explain what a discharge fee is, when it's required and what the process of discharging your home loan looks like.
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What is a settlement date?
It involves your new lender receiving your home's title deeds from your old lender.
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How are interest rates determined?
How do lenders set home loan interest rates and what are their lending costs? We've created a guide to help you understand how this works.
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What is a cooling off period?
Here are reasons why you may withdraw during a cooling off period and how the process works.
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What is a redraw facility?
Everything you need to know about a redraw facility, from what it is, if it impacts your home loan repayments to what happens when you redraw.
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What is a home loan repayment?
Learn about what a home loan repayment is and what factors impact how much your repayment amount is.
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4 things to consider before consolidating your debt
Are you contemplating on consolidating your debt? Here are four things to consider.
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0.30
%
p.a.
in year 30
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Calculations are not a loan approval. Applications are subject to credit approval, satisfactory security and minimum deposit requirements. Full terms and conditions will be set out in our loan offer, if an offer is made.

^ Unloan offers a 0.01% per annum discount on the Unloan Live-In rate or Unloan Invest rate upon settlement. On each anniversary of your loan’s settlement date (or the day prior to the anniversary of your loan’s settlement date if your loan settled on 29th February and it is a leap year) the margin discount will increase by a further 0.01% per annum up to a maximum discount of 0.30% per annum. This discount is applied to each loan that you have with Unloan. If you have multiple loans (e.g. one investor and one live-in loan), they will each have a discount calculated based on when you settled each loan. Unloan may withdraw this discount at any time.

*Comparison rate is calculated on a $150,000 secured loan over a 25 year term. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.