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What is equity?

Equity is the difference between your home's value and the amount you still owe on your home loan. You can borrow against this equity to buy an investment property, do renovations or for any other pu…

How to increase borrowing power?

Increasing your borrowing power for a home loan can be achieved through several strategies. One of the key factors that determine your borrowing power is your credit score. A high credit score indica…

What does LVR mean?

LVR stands for Loan to Value Ratio. It is a comparison of how much you’re borrowing against how much the property is worth. Lenders use it to determine risk when assessing loan applications - the low…

What is Lenders Mortgage Insurance (LMI) and when would I need it?

Lenders' Mortgage Insurance (LMI) is something you’ll need to pay if you borrow more than 80% of a property’s value (i.e. if you have less than a 20% deposit). The LMI premium is added to your loan a…

How much does HECS affect borrowing power for a home loan?

HECS can have an impact on borrowing power for a home loan. Lenders consider HECS debt as part of the applicants overall financial situation and debt obligations when assessing their ability to repay…

What other upfront costs are involved in buying a home?

In addition to your deposit, there are a number of other upfront expenses you will have to save for when buying your home. These include: Stamp duty – this varies based on the state you are in and is…

Can I use the equity in my current home as a deposit?

Yes. Equity is a powerful tool that can set you on the road to building a profitable investment property portfolio. You can use the equity in your home as an investment property deposit and if you ha…

How much deposit do I need for a home loan?

At Qantas Money Home Loans, our minimum deposit is 10% in most cases. Loans above $2M require a minimum 25% deposit. It’s important to keep in mind that if you do have less than a 20% deposit of the…
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