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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Can I include my student debt in a debt consolidation loan?
We explore if you can include your student debt in a debt consolidation loan.
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What are the features and benefits of a redraw facility?
Are you looking for a way to save on interest and tap into your equity later down the track? A redraw facility could just be the answer.
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What is a mortgage prisoner?
It’s important to understand what the term ‘mortgage prisoner’ is as it’s something you want to avoid.
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Refinance cashback offers: Are they really worth it?
We explain the potential benefits and drawbacks when it comes to home loan refinance cashback offers.
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All you need to know about home loan break fees
Get the lowdown on break fees and figure out if a fixed-rate home loan is right for you.
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Interest rates and comparison rates: What is the difference?
Get to know the differences between interest rates and comparison rates and make a smarter choice about your home loan.
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Annual rate discount

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.