Beginner’s Guide to Home Loans

Hot topics

Hot topic #
01

What is loan to value ratio (LVR)?

You might be wondering, what is LVR (loan to value ratio)? It’s the borrowed amount relative to the value of the property being bought or refinanced.
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Hot topic #
02

What is equity?

Everything you need to know about equity, from how to build it and what it's used for.
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Hot topic #
03

What is a discharge fee?

We explain what a discharge fee is, when it's required and what the process of discharging your home loan looks like.
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How a different LVR impacted home buyers' experiences
LVR is a percentage figure that lenders use to determine the level of risk your home loan poses. Read on to learn more about how your LVR can impact your experience as a first-home buyer.
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LVR and its impact on home loan interest rates
Your LVR is one of the main factors banks and lenders consider when assessing your home loan application. Learn how your LVR could impact your home loan interest rates.
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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?
Explore how your debt and expenses help determine whether you can afford your repayments.
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What fees are involved when purchasing or refinancing?
Learn about the home loan fees to know about when purchasing or refinancing a home.
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What is borrowing power?
Everything you need to know about borrowing power when it comes to home loans. From how it's calculated to what factors impact your borrowing capacity.
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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.