Your borrowing capacity depends on your income, expenses, existing debts and lender policies. Each lender assesses this differently, which is why getting the right advice can make a significant difference.

Most lenders require a deposit of at least 5%–20% of the property value. However, options such as guarantor loans or certain professional policies may allow you to buy with a lower deposit.

LMI is a one-off cost that applies when your deposit is less than 20%. Some lenders offer LMI waivers for certain professions or scenarios, which can result in significant savings.

Approval timeframes vary depending on the lender and your situation. With the right preparation and guidance, many applications can receive conditional approval within a few days.

Refinancing may be worth considering if your interest rate is no longer competitive, your financial situation has changed, or you want to access equity or restructure your loan.

Yes, refinancing can potentially reduce your repayments by securing a better interest rate or extending the loan term. However, it's important to assess long-term impact, not just short-term savings.

Yes, certain professions such as healthcare workers, emergency services and other professionals may have access to benefits such as reduced deposit requirements or LMI waivers depending on the lender.

Lenders assess income differently, especially when it includes overtime, allowances or shift loading. Some lenders are more flexible than others, which is why structuring your application correctly is critical.

The right home loan depends on your goals, financial position and future plans. It's not just about the lowest interest rate — it's about structuring your loan to support your long-term strategy.

A mortgage broker can offer access to a wider range of loan products and rates from multiple lenders, potentially saving you money and time. They can also provide expert guidance and support throughout the loan application process.