Myth: You Need a 20% Deposit to Buy a Home
Myth: You Need a 20% Deposit to Buy a Home When it comes to buying a home, one of the most common misconceptions is that you must save up a 20% deposit. While having 20% does offer advantages, it’s certainly not a strict requirement—and believing this myth can hold buyers back from entering the market […]
How much can I really borrow? Understanding your borrowing power
How Much Can I Borrow? Understanding Your Borrowing Power When you’re dreaming of your next big purchase—be it a home, a new car, or an investment property—the first question on your mind is often: “How much can I actually borrow?” Your borrowing power, also called borrowing capacity, is the maximum amount a lender is willing to […]
Step-by-Step: The Home Loan Process in 5 Easy Steps
Step-by-Step: The Home Loan Process in 5 Easy Steps Buying a home is one of the most significant milestones in life. But let’s be honest, the thought of securing a home loan can feel daunting. With so many documents, terms, and steps involved, it’s easy to get lost. The good news? With the right information […]
Fixed Vs. Variable Rate Loans: What’s the Difference?
Fixed Vs. Variable Rate Loans: What’s the difference? Fixed vs variable rate —When you’re considering a major loan — like a mortgage for a new home or a large personal loan — one of the first and most important decisions you’ll face is whether to go with a fixed or variable interest rate. This choice […]
What is a Guarantor Loan? Can Your Parents Help You Buy a House?
What is a Guarantor Loan? Can Your Parents Help You Buy a House? Buying your first home can feel like an impossible dream, especially with the challenge of saving for a deposit and meeting strict lending criteria. For many, the “Bank of Mum and Dad” becomes a crucial source of support. But what if your […]
Are You Eligible for the First Home Owner Grant (FHOG) in Victoria, Australia? (2025 Update)
Are You Eligible for the First Home Owner Grant (FHOG) in Victoria, Australia? Navigating the path to homeownership can be complex, but the First Home Owner Grant (FHOG) in Victoria offers a significant helping hand. As we look towards 2025, understanding the eligibility criteria is crucial for aspiring homeowners. What is the First Home Owner […]
Smart Reasons to Refinance Your Home Loan
There are smart reasons to refinance your loan — and they go beyond just chasing a lower interest rate. Your home loan should work for you — not the other way around. As your life changes, so should your loan. Refinancing is a powerful financial strategy that allows you to realign your mortgage with your […]
Offset vs Redraw: Which One Helps You Save More on Your Home Loan?
Offset vs Redraw explained – Learn how each option can reduce your home loan interest and help you repay your mortgage faster. When managing a home loan, two powerful features can help you reduce interest and pay off your mortgage faster: Offset Accounts and Redraw Facilities. Let’s break them down! 🔹 Offset Account An offset account works like […]
First Home Buyer? Here’s How Onvested Finance Can Help!
First Home Buyer? Here’s How Onvested Finance Can Help! Becoming a First Home Buyer is an exciting milestone—but it’s also one of the biggest financial decisions you’ll ever make. At Onvested Finance, we’re passionate about helping first-time buyers navigate the home loan process with ease and confidence. Whether you’re still exploring your options or ready […]
