My Mortgage Podcast - Season 1 - Episode 3
In this episode, we cover what you need to know if you’ve got less than a 20% deposit for your home loan. Including:
The criteria for the First Home Loan.
Some of the general principles and policies around ‘over 80% lending’.
The meaning of low equity margins and premiums, the difference between them, and how much should you expect to pay.
Registered valuations, how they work, and what it means for how much the bank will loan you.
How servicing requirements change depending on your deposit amount, including how other factors like boarders and debt are taken into consideration if you have less than a 20% deposit.
We dive a bit deeper into how debt, including student loans, Afterpay, and credit cards, will affect your home loan.