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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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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Is an interest-only home loan a good option for buying my first home?
As a first-time home buyer, is taking out an interest-only home loan the best option for your first home? We discuss the pros and cons.
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Understanding your home loan repayment schedule: Is weekly, fortnightly or monthly best?
Get to know the pros and cons of different repayment schedules, so you can choose the right option for you.
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Are there downsides to offset accounts?
Offset accounts are a feature that’s offered by some lenders on certain home loan products. While they offer a range of benefits, they don’t come without their own set of drawbacks.
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How does an offset account work?
We explain how offset accounts work and how they stack up against redraw facilities and high-interest savings accounts.
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What is an offset account?
Want to reduce the amount of interest payable on your home loan, an offset account could be the answer. Here’s what you need to know about offset accounts and how they work.
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^ 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.