Lenders Mortgage Insurance (LMI) is expensive, but there are several ways to avoid paying it.Saving a 20% deposit or using a guarantor loan are two common strategies to bypass LMI.If you are a first-home buyer, you may qualify for government schemes like the First Home Guarantee.Certain professionals (like doctors, lawyers and teachers) are eligible for […]| Eden Emerald Mortgages
Mortgage Broker for First Home Buyers Mortgage Broker for First Home Buyers Shaun Bettman #1 Mortgage Broker Eden Emerald Mortgages is the #1 mortgage broker in Sydney, as rated by Canberra Times. Our team specialises in home loans for First Home Buyers and our expertise is second to none. Lowest rates guaranteed FREE service for […]| Eden Emerald Mortgages
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A good credit score (usually 600 or higher) is necessary for securing a home loan in Australia.However, each lender will have their own thresholds of what credit score they accept.While credit scores are a key factor, other aspects like income, savings, and employment history also play a role.With a lower credit score, options such as […]| Eden Emerald Mortgages
A guarantor home loan allows first-home buyers in Australia to secure a mortgage with little or no deposit by using a family member's property as security. This helps borrowers avoid Lender's Mortgage Insurance (LMI) and speeds up the process of entering the property market. However, guarantors face financial risks if the borrower defaults, potentially putting […]| Eden Emerald Mortgages
Australians on fixed-term contracts can obtain a mortgage in Australia.There can be challenges due to perceived employment instability.To improve your chances of approval, demonstrate financial stability through a strong credit history, consistent income evidence, and a larger deposit.Speak to a mortgage broker who specialises in fixed-term contracts, and can assist you with securing your mortgage. […]| Eden Emerald Mortgages
Obtaining a mortgage with a new job in Australia can be challenging due to lenders' concerns about employment stability and the probationary period associated with new positions.By presenting a strong financial profile, providing detailed documentation of employment and financial history, and potentially increasing the deposit, Australians can improve their chances of securing mortgage approval.Speak to […]| Eden Emerald Mortgages
Casual employees in Australia can obtain a home loan, though they may face additional challenges due to the perceived instability of their income.To improve their chances, casual workers should maintain detailed financial records, demonstrate a history of consistent employment, and consider saving for a larger deposit.Alternative financing options such as non-conforming loans and specialist lenders […]| Eden Emerald Mortgages
Discover LMI waiver options for nurses in this guide. We cover special benefits, tips to help nurses, and how to secure the best mortgage.| Eden Emerald Mortgages
Home loan interest in Australia is usually calculated daily on the outstanding loan balance and charged monthly.Key factors affecting interest include the loan amount, interest rate, loan term, repayment frequency, and whether you use features like an offset account.Fixed rate loans offer predictable interest costs, while variable rate loans can fluctuate but offer more flexibility.Making […] The post How is Interest Calculated on a Home Loan? appeared first on Eden Emerald Mortgages.| Eden Emerald Mortgages
A pre-approval is a conditional agreement from a lender showing how much you're likely to be approved for, based on your finances.It helps buyers understand their budget, strengthens offers, and provides confidence when bidding or negotiating.The process includes submitting documents, a credit check, and receiving a pre-approval letter valid for 3–6 months.Pre-approval is not a […] The post What is a Home Loan Pre-Approval? appeared first on Eden Emerald Mortgages.| Eden Emerald Mortgages
Lenders assess applications based on income, credit history, and the property as security, so demonstrating financial stability is key.Improving your credit score, reducing debts, and saving a larger deposit (ideally 20% to avoid LMI) boost approval chances.Being organised with documentation and applying for pre-approval can make the process smoother and strengthen your position when house-hunting.Avoid […] The post How to Get Approved for a Home Loan appeared first on Eden Emerald Mortgages.| Eden Emerald Mortgages
482 visa holders can get a home loan in Australia, but only with certain lenders and stricter requirements than citizens or PRs.FIRB approval is usually required, and buyers are often restricted to new properties, with added costs like FIRB fees and state surcharges.Lenders typically require a 20–30% deposit, may charge higher rates, and often ask […] The post Can I Get a Home Loan on a 482 Visa? appeared first on Eden Emerald Mortgages.| Eden Emerald Mortgages
Non-permanent residents (temporary visa holders) can get a home loan in Australia, but face stricter rules than citizens or PRs.FIRB approval is usually required, and buyers are often limited to new properties, with extra fees like FIRB charges and foreign buyer stamp duty.Lenders typically demand larger deposits (20–30%) and may apply higher interest rates, shorter […] The post Home Loans for Non-Permanent Residents appeared first on Eden Emerald Mortgages.| Eden Emerald Mortgages
Macquarie is ideal for borrowers who want low rates, advanced digital banking, and full-featured home loans with offset accounts — all backed by one of Australia’s most respected investment banks.Top 3 reasons to choose Macquarie Bank:– Highly competitive interest rates with multiple offset accounts– Modern digital banking tools and award-winning mobile app– Fast turnaround times […] The post Macquarie Bank Home Loan Review appeared first on Eden Emerald Mortgages.| Eden Emerald Mortgages
The post Macquarie Bank LMI Waiver – Medical Professionals appeared first on Eden Emerald Mortgages.| Eden Emerald Mortgages
Find out how long you need to be in a job to get a home loan in Australia and boost your chances of approval.| Eden Emerald Mortgages
Once you have worked out your borrowing capacity, it is important to find out your purchasing power. This simple calculator helps you estimate how much you can realistically afford based on your income, debts, savings and other details. It’s a great starting point to helping you understand the price range of properties you can afford.Whether […]| Eden Emerald Mortgages
With the Australian Government's 'First Home Guarantee', first home buyers are able to access low deposit home loans home with only 5% needed and no LMI.The Government acts as a guarantor for your home, so you don't need to pay the LMI.You can save tens of thousands of dollars by avoiding LMI.Click here to learn […]| Eden Emerald Mortgages
Compare interest rates, fees, pros and cons, and whether Heritage Bank is right for you. Read our personal experience and verified customer reviews.| Eden Emerald Mortgages
Home ownership is a central element of Australian culture, representing stability, financial investment, and a sense of belonging. However, shifts in the economy, demographics, and housing policy have transformed home ownership trends over the years. In 2025, new statistics provide a clearer picture of how Australians are navigating the challenges and opportunities in today’s housing […]| Eden Emerald Mortgages
The Reserve Bank of Australia (RBA) has officially cut the cash rate by 25 basis points in February, reducing it from 4.35% to 4.10% p.a. Eden Emerald Mortgages will provide rolling updates below on each lender’s announcements regarding the February 2025 rate cut and whether it will be passed on to variable-rate home loans. ANZ interest […]| Eden Emerald Mortgages
Learn which professions in Australia are eligible for LMI waivers. This guide outlines qualifying professions, eligibility criteria, and how to apply.| Eden Emerald Mortgages
Looking to avoid costly Lenders Mortgage Insurance? Discover how to qualify for a no LMI home loan and save thousands on your mortgage.| Eden Emerald Mortgages
Find out which banks offer LMI waivers and how you can qualify. Our detailed guide explains the eligibility requirements and steps to apply.| Eden Emerald Mortgages
