Beginner’s Guide to Home Loans

Hot topics

Hot topic #
01

What is loan to value ratio (LVR)?

Learn how loan to value ratio (LVR) affects your borrowing power, interest rates, and deposit requirements. Discover what lenders look for and how to improve your LVR before applying.
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Hot topic #
02

What is equity?

Understand what equity means in a home loan, how it’s calculated, and how to use it to buy, refinance or invest in property.
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Hot topic #
03

What is a discharge fee?

Understand what a mortgage discharge fee is, when it applies, and how it affects your home loan. Learn the costs, timing, and steps involved when closing your loan early or switching lenders.
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Can I get a home loan in Australia while living overseas?
Living overseas and wondering if you can get a home loan in Australia? Find out who’s eligible, what lenders look for, and what to consider with expat home loans.
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The ultimate guide to common home loan terms
Confused by home loan jargon? Learn the most common home loan terms in Australia with clear, simple definitions to help you understand.
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5 ways to lower your LVR
Learn 5 simple ways to lower your LVR, increase your equity, and improve your chances of approval.
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How does debt impact your borrowing power?
Understand how your credit cards, loans and other debts impact your borrowing power, and what you can do to improve it before applying for a home loan.
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Downsides of having a high LVR
A high loan-to-value ratio (LVR) can mean higher interest rates, lender’s mortgage insurance (LMI), and stricter approval criteria. Learn what it means for your financial future and how to avoid common pitfalls.
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What is a hardship variation?
Find out what a hardship variation is, how to apply for one, and what it means for your home loan. Read our guide to help you get back on track.
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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.