Determine your end goal and reverse engineer how you’ll get there. Develop a savings plan within a designated time frame and work out the contributions you can make regularly. Starting with a lump sum is always ideal. You will need to show genuine savings accumulated over at least a three-month period.

Don’t worry, we’ve got you. We’ll help you determine how much you can borrow and give you an idea of what your repayments will be. Other debt such as credit cards and personal loans will reduce the amount you can borrow but you may be eligible for a government grant or concession. Or we may be able to consolidate your debt into one easy to manage loan.

When deciding on a loan type, look at interest only versus principal and interest repayments. While interest only loans do not reduce the overall loan amount, they do result in lower monthly repayments.

A shorter loan term, such as 20 years, means higher repayments but you’ll pay less in interest. A longer loan term, such as 30 years, means lower repayments but you’ll pay more in interest.