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0431 790 889

Are you a First Home Buyer?

Getting prepared

The first place to start is setting a budget. This needs to be as realistic and accurate as possible so you know where you stand financially. Your budget should take into account what you earn and spend every month right down to the last little details.

Searching your home

Before you start the hunt, you need to decide what kind of property you are looking for and where you want to live. Broadly speaking you should choose a specific area and then search suburbs within that area.

The buying process

The two main ways a house may be sold are by Auction or private treaty. If bidding on a house through auction, check first to see if you need to register with the agent running the auction.

Tools and Calculator   >

Our panel of Lenders

Frequently Asked Questions

What are the requirements of getting a home loan?

How much should I have in the beginning to buy a home?

A clean credit history and a regular income, and an amount of 5% of the purchase price plus costs are the basic prerequisites for getting a home loan. The additional costs include legal fees, lenders mortgage insurance, stamp duty etc. Also, different banks may have different other requirements.

A bank lends a maximum of 97% of the property value. So you will need to have at least 5% of the purchase cost plus the additional cost of a home buying process. Our cost calculators can calculate the estimated amount you will require to get yourself a home loan; just give us a few minutes and the information we need.


Will there be any insurance involved in my home loan?

What is Fixed rate home loan?

It depends on the percentage of property value you’re borrowing. If you’re borrowing less than 80% of property value, no lenders mortgage insurance will be involved but if you are borrowing more than 80%, there is involvement of insurance and the premium increases with the increase in percentage.


A fixed rate loan charges a constant rate of interest during the entire loan term. The interest rate remains intact irrespective of changes in market rate. Fixed rate loans are usually offered for 1 to 5-year terms. Borrowers are not impacted by the fluctuation in the market interest rate.


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Kandel & Co Pty Ltd ABN 33620988061 (corporate credit representative number 506833) and Rajesh P Kandel (credit representative number 476341), are representatives of Connective Credit Services Pty Ltd ( Australian Credit Licence 389328).

Give us a call - we’d love to help you.

Contact Us

Mobile:  0431 790 889

Phone:  03 9005 3955



Postal Address

19 Bradshaw Avenue,

 Craigieburn VIC 3064



Kandel & Co Pty Ltd is T/A Everest Property and Finance

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