MFAA Member · ACL 389328 · 50+ Lenders

Owner-Occupier Home Loan — Buying a home to live in.

The standard home loan. You're buying a property to live in (not invest in or build). We compare 50+ lenders to find the right rate + structure + features for your situation. Pre-approval, valuation, settlement — coordinated end-to-end.

Loan features

50+

Lenders compared

5-10d

Pre-approval typical

4-6w

To settlement

Broker fee

Are you on the right rate?

Check your variable home loan against today's top 10 lenders.

Should you fix your rate?

Run the numbers on fix vs float for your remaining loan term.

Loan structures

Match the loan to your life.

Principal & interest

Standard repayment

Repay both interest and principal each month. Standard for owner-occupier loans. Builds equity faster.

Standard owner-occupier rate
Builds equity
Most-common pathway

Suited to: Most owner-occupier buyers

Offset account

Reduce interest using savings

100% offset account against the loan balance. Every dollar in your offset reduces the loan balance interest is calculated on.

Tax-effective for OO
Liquid (vs paying down loan)
Reduces effective rate

Suited to: Buyers with $20k+ in savings

Redraw facility

Get extra repayments back

Make extra repayments now, redraw them later if needed. Simpler than an offset, similar interest impact.

Simpler than offset
May have redraw limits
Lower-cost than offset on some loans

Suited to: Disciplined savers without high cash balance

Split loan

Some fixed, some variable

Split the loan into fixed + variable portions. Hedge against rate movement while keeping flexibility on part of the loan.

Hedged rate exposure
Variable portion offset-eligible
Fixed portion gives certainty

Suited to: Buyers who want rate certainty + flexibility

Fixed rate

Rate certainty

Lock the rate for 1-5 years. No rate-change anxiety. Reduced flexibility on extra repayments + offset.

1-5yr terms
Rate certainty
Less flexibility

Suited to: Buyers expecting rates to rise + wanting certainty

Variable rate

Maximum flexibility

Standard structure. Rate moves with the market. Offset, redraw and extra repayments all available.

Offset-eligible
Unlimited extra repayments
Refinance anytime

Suited to: Buyers wanting flexibility + offset access

50+ lenders compared.

Different lenders calculate serviceability differently. The gap between best and worst can be $200k+ for the same applicant. We compare every file.

Pre-approval inside 10 days.

Most pre-approvals come back inside 5-10 business days from a complete file. We expedite anywhere we can — particularly on auction or off-market purchases.

Through to settlement.

Pre-approval, property search support, formal approval, valuation, settlement coordination. We manage the lender + conveyancer + valuer relationship end-to-end.

From first call to settlement

Easier than you'd think.

Complete your profile

Income, expenses, savings, target purchase price, target timing.

We compare 50+ lenders

Rate, fees, features, serviceability — we shortlist 3-5 strong candidates for your file.

Pre-approval

We submit to the recommended lender. Pre-approval typically returns inside 10 business days.

Property found → settlement

Formal approval, valuation, settlement — coordinated to your timeline.

Frequently asked questions.

What's the difference between an owner-occupier loan and an investor loan?

Owner-occupier loans are for a property you'll live in. Investor loans are for properties you'll rent out. Rates are typically 0.2-0.5% lower on OO loans because lenders see them as lower-risk. Lender appetite, LVR thresholds, and assessment criteria all differ between the two.

Should I get an offset account or redraw?

Offset accounts give you 100% interest offset against the loan plus full liquidity (it's a separate transaction account). Redraw gives you access to extra repayments you've made, but lenders can sometimes restrict redraw access. Offset costs more in account fees (~$120-300/yr typical). For balances of $20k+, the interest saving usually outweighs the fee. We model both.

How much deposit do I need as an owner-occupier?

Standard threshold is 20% to avoid LMI. With Lenders Mortgage Insurance you can go as low as 5-10% deposit. With a guarantor structure, sometimes lower. Stamp duty + legal + lender fees add another 3-5% of property value on top — we factor these in upfront.

Can I get a 30-year loan term?

Yes — and most owner-occupier loans default to 30 years. Some borrowers (typically older or higher-income) choose 20-25 years to pay off faster. The trade-off: shorter term = higher repayments. We model both against your cashflow.

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08 8121 3076

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