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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What fees are involved when purchasing or refinancing?
Discover the common fees you might encounter when purchasing a property or refinancing your home loan. Learn what to expect and how to prepare.
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What is borrowing power?
Discover how borrowing power works and how to calculate it for your home loan. Learn about the factors that affect your ability to borrow.
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How do banks calculate the interest on my home loan?
We break down what determines the interest you'll pay on your home loan and how to calculate it.
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How do banks calculate your borrowing capacity?
Understand how banks assess your borrowing capacity, what impacts it, and how to improve it.
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How to easily calculate your potential mortgage repayments
Learn how to calculate your mortgage repayments with ease. Discover expert tips on repayment calculations, interest rates, and how they affect your home loan.
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What is a comparison rate?
Understand what a comparison rate is, how it works, and why it’s key when comparing home loans.
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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.