Before speaking with a lender
Have the useful details ready.
These details help you explain what you need and ask specific questions. They do not determine eligibility.
- The approximate property budget and how much you plan to fund yourself
- A monthly repayment budget that still leaves room for ordinary household costs
- Whether you are buying, building or improving a home, and the likely timeline
Choices to compare
See what can change the cost.
Monthly repayment or shorter tenure
A longer tenure may reduce the monthly repayment while increasing total interest.
Loan amount or total purchase budget
Keep your own contribution and other purchase costs separate from the amount you want to borrow.
Try this. Compare the same home-loan amount across two tenures before choosing a repayment period.
Questions for the lender
Ask before you agree to a loan.
- 01
Which costs are outside the loan amount?
- 02
How can the rate or repayment structure change?
- 03
What information will be needed at assessment?