Finance Insight's from a Mortgage Broker

When you apply for a home loan, many borrowers assume it's all about their credit score or employment history. While these factors matter, lenders primarily focus on two fundamental questions: Do you have enough skin in the game? And can you afford the repayments?

The Australian Government has announced significant expansions to the Home Guarantee Scheme that will transform home ownership opportunities for first home buyers across the country. Starting 1 October 2025, these changes will make it easier than ever for eligible buyers to enter the property market with as little as a 5% deposit and no Lenders Mortgage Insurance.

When considering how to fund the purchase of a property, everyone talks about a ‘deposit’. What deposit do you have saved? What deposit w