Know your borrowing power
Before you start looking to find the house of your dreams, you should get to know your borrowing power to avoid disappointment.
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Source your deposit
Generally you’ll need to have saved a minimum 5% of the purchase price as a deposit. A high-interest savings account, such as The Greater Bank Bonus Saver, is great for accumulating a deposit as it rewards your good saving habits by paying interest rate when you make a deposit and no withdrawals in a given month.
If your parents are happy to give you a hand in providing security for your loan, our Family Pledge option may mean you can reduce, or even eliminate, the deposit amount you need to contribute.
Generally you’ll need to have saved a minimum 5% of the purchase price as a deposit. A high-interest savings account, such as The Greater Bank Bonus Saver, is great for accumulating a deposit as it rewards your good saving habits by paying interest rate when you make a deposit and no withdrawals in a given month.
If your parents are happy to give you a hand in providing security for your loan, our Family Pledge option may mean you can reduce, or even eliminate, the deposit amount you need to contribute.
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Calculate & get pre-approved
Use our borrowing capacity calculator to see how much you could borrow, then simply complete our form and speak with one of our lenders.
Use our borrowing capacity calculator to see how much you could borrow, then simply complete our form and speak with one of our lenders.
