In Australia, most lenders require a 10% deposit of the property’s value. However, some may accept as low as 5%.
Our Home Loan Strategies Melbourne service offers advice on saving for your deposit, ensuring you're financially prepared for this significant step.
Conditional Approval Advantage: With YBR Home Loan’s conditional approval, you gain confidence in your borrowing power. This pre-verification of finances means you can house hunt with assurance.
Speedy Full Approval: Having completed the finance assessment legwork upfront, you can expect a faster transition to full approval once you find your property.
Before you start house hunting, it’s crucial to understand how much you can borrow. Our team provides you with an estimate, tailored to your financial situation.
Our experts consider your income, expenses, debts, and more to give you a clear picture of your borrowing capacity.
The first step is to understand your borrowing power and gather all necessary financial documents.
Conditional approval is an early indication from a lender that they're willing to lend you a certain amount, subject to certain conditions.