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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How a different LVR impacted home buyers' experiences
See how first-home buyers and investors navigated their home loan journey with different loan-to-value ratios (LVRs). Real stories, helpful tips, and what to consider when applying.
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LVR and its impact on home loan interest rates
Learn how loan-to-value ratio (LVR) can impact your home loan interest rate, borrowing power, and approval.
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How can you pay your home loan after losing your job?
Lost your job and worried about your home loan? Discover practical steps, support options, and expert guidance to help you stay on track with your repayments.
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What is a mortgage foreclosure?
Learn what mortgage foreclosure means in Australia, how it happens, and what to do if you’re at risk.
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What is a serviceability assessment?
Learn what serviceability assessments are and what factors are reviewed in your Unloan home loan application.
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How do your debt and expenses impact your application?
Find out how your debt and expenses influence your home loan application, from calculating serviceability to understanding lender expectations.
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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.