How much deposit do I actually need?

Not a kidney, promise. Classic target is 20% (no LMI), but plenty of buyers get in with 5–10% - you may just pay Lenders Mortgage Insurance (LMI) or use a government guarantee if eligible. We’ll map what’s realistic for you and keep a buffer so you can still afford pizza.

What on earth is LMI - should I avoid it?

LMI isn’t a villain; it’s a ticket to board early when you don’t have a full 20%. It protects the lender, not you, but if it gets you into a good home sooner (and you keep a cash buffer), it can make sense. We’ll compare “wait & save” vs “buy now with LMI” like grown-ups who also like spreadsheets.

Fixed, variable, or split - help!

Fixed: certainty now, less flexibility. Variable: flexible, can fall (or rise) with rates. Split: the Goldilocks option. We’ll model repayments and stress-test them so your budget survives rate wiggles and the occasional splurge at Bunnings.

How much can I borrow?

Banks run your income, expenses, and debts through a stress test (higher ‘buffered’ interest rate). We’ll do a reality check first, then get a pre-approval so you know your budget before you start falling in love with sunrooms.

What costs are there besides the deposit?

The “grown-up” list: stamp duty (varies by state), legal/conveyancing, building & pest, lender fees, mortgage registration, moving , and possibly LMI . We’ll give you a neat cost sheet so nothing jumps out from behind the couch.

What’s pre-approval - does it mean I’m guaranteed?

Pre-approval = a conditional thumbs-up based on your info at the time. It’s not a pinky-promise; the property still has to value up and your situation can’t change wildly. Still, it’s essential for shopping with confidence (and for agents to take you seriously).

Can Mum & Dad help as guarantors?

Yep—often called a family guarantee/pledge . It can reduce or remove LMI and help you buy with a smaller cash deposit. It’s powerful, but it’s serious business for your parents, so we’ll explain risk, limits, and exit plans so Christmas lunch stays friendly.

What’s an offset account and why do people rave about it?

An offset is a bank account linked to your home loan. Every dollar sitting there reduces the interest you pay. It’s flexible, tidy for records, and great for building a safety buffer. (Redraw can be fine too, but offset is the neat freak of the two.)

Should I buy a fixer-upper or move-in-ready?

Depends on your time, budget, and nerves . Reno properties can be great if you’ve got cash buffers and a plan; turnkey is calmer for first-timers. We’ll also check how the lender treats the place—some “projects” aren’t as bank-friendly as the listing suggests.

Are there first-home buyer concessions or schemes?

yes - things like stamp duty concessions , grants , or guarantee schemes (eligibility applies and rules change). We’ll check what’s available for your situation and state so you don’t miss free help. (We love free help.)

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TRUSTED BY REAL CLIENTS

Vikash was someone I was referred by from some acquaintances, initially I was skeptical thinking he must be like other brokers who will push for any refinance just for their... read more

Suparna B.

I was referred to Vikas via one of my good friend who had used his services and was very impressed with the quality. I can only echo his experience. Right... read more

Jatin J.

Vikas has been very efficient and patient throughout our property purchase process. He's helped us in all stages and explained significant aspects for us which helped us take some important... read more

Karthik K.

Fine Loans aka Vikas is an amazing professional to deal with. If you need good service, rates, professionalism; Vikas is your guy. He is available when is most needed and... read more

Ashish M.

Had great experience working with Vikas. He was very helpful and answered all queries in timely manner. Had a quick turn around for approval and kept us updated at each... read more step.

Bhavesh P.

Highly recommended . I have used their services for my first home is extremely satisfied with the services ,interactions and outcome

Nishi N.

Definitely recommend Vikas for all mortgage/ refinance services. We had our loan refinanced with Vikas and we are very happy with his service. He is an excellent listener and keeps... read more

Vinay R.

Vikas: A Top-Notch Mortgage Broker! I had the pleasure of working with Vikas over the past couple of months, and I can confidently say that he is an exceptional mortgage broker.... read more

akshay K.

We had a great experience working with Vikas for our home loan. He was very helpful and always available to answer queries. Had a quick turnaround for approval and kept... read more

Buddhika G.
Absolutely impressed with Vikas at Fine Loans. His dedication to spending time, focus towards understanding my needs, and delivering a personalized service ensured I felt supported and informed every step... read more

Varun S.

Hey folks, Vikas was introduced to me by himself. 👍 . It was for a genuine guidance on what to look for when refinancing a loan. Parted away after couple... read more

Gurusubramanian S.

We got in contact with Vikas after the terrible experience with another Mortgage Broker. Vikas understood our refinance requirement and gave us the right options and tactically helped in every... read more

abhi

Mr.Vik was so good at his job, he took off the pressure from us, it was seamless financial handling with the banks. He is very transparent and was always there... read more

Christopher P.

It has been a pleasure dealing with Vikas even though it was for a very short duration. We were looking for refinancing our home loan and reached out to him... read more

Kanika A.

I recently had the pleasure of working with Vikas after a recommendation from my friend and I was impressed after the first call. He guided me through every step of... read more

online b.

Very prompt and detailed. Vikas guided us well on the entire process of loan application.

Amit

Vikas was so wonderful and gracious to us during the entire process of our home loan. His knowledge and professionalism made the process run smoothly, for which we are very... read more

Nelangi G.

Highly recommended!! I thank Vikas for all his help and guidance throughout my first home purchase process. For a first home buyer like me he handheld me through out... read more

Veeru K.
Very helpful and professional service with vast knowledge. We are highly satisfied and happy to recommend.

Desi R.

Vikas was very proactive, efficient and ensured that I was well informed where I was at in the process. His professionalism made buying my first home a less stressful process.... read more

Sibin J.

It has been a pleasure dealing with Vikas even though it was for a very short duration. We were looking for refinancing our home loan and reached out to him... read more

Kanika G.

Vikas was very proactive, efficient and ensured that I was well informed where I was at in the process. His professionalism made buying my first home a less stressful process. Being... read more

Sibin J.

Highly recommend Fine Loans. Vik from Fine Loans has been exceptional in helping us with our House purchase with prompt response and guidance throughtout the whole process.

Ankur S.

Vikas is an amazing mortgage broker. He responds extremely quickly to all queries and communicated exceptionally on all our loan options. We were unsure which lender was the best match for... read more

Bennett S.

Vikas is very knowledgeable mortage broker in Sydney property market. He is always reachable and clarified all queries which we have initially and helped us to get loan soon. He... read more

vivekreddy v.

I was referred to Vikas via one of my good friend who had used his services and was very impressed with the quality. I can only echo his experience. Right... read more

Jatin J.

Great Mortgage Broker. Proactive in his actions throughout the process and provides with multiple good options with cashbacks and lower mortgage rate options across multiple small and Big 4... read more vendors.

Harish S.

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COMMON QUESTIONS

How much deposit do I actually need?

Not a kidney, promise. Classic target is 20% (no LMI), but plenty of buyers get in with 5–10% – you may just pay Lenders Mortgage Insurance (LMI) or use a government guarantee if eligible. We’ll map what’s realistic for you and keep a buffer so you can still afford pizza.
What on earth is LMI – should I avoid it?

LMI isn’t a villain; it’s a ticket to board early when you don’t have a full 20%. It protects the lender, not you, but if it gets you into a good home sooner (and you keep a cash buffer), it can make sense. We’ll compare “wait & save” vs “buy now with LMI” like grown-ups who also like spreadsheets.
Fixed, variable, or split – help!

Fixed: certainty now, less flexibility.
Variable: flexible, can fall (or rise) with rates.
Split: the Goldilocks option.
We’ll model repayments and stress-test them so your budget survives rate wiggles and the occasional splurge at Bunnings.
How much can I borrow?

Banks run your income, expenses, and debts through a stress test (higher ‘buffered’ interest rate). We’ll do a reality check first, then get a pre-approval so you know your budget before you start falling in love with sunrooms.
What costs are there besides the deposit?

The “grown-up” list: stamp duty (varies by state), legal/conveyancing, building & pest, lender fees, mortgage registration, moving, and possibly LMI. We’ll give you a neat cost sheet so nothing jumps out from behind the couch.
What’s pre-approval – does it mean I’m guaranteed?

Pre-approval = a conditional thumbs-up based on your info at the time. It’s not a pinky-promise; the property still has to value up and your situation can’t change wildly. Still, it’s essential for shopping with confidence (and for agents to take you seriously).
Can Mum & Dad help as guarantors?

Yep—often called a family guarantee/pledge. It can reduce or remove LMI and help you buy with a smaller cash deposit. It’s powerful, but it’s serious business for your parents, so we’ll explain risk, limits, and exit plans so Christmas lunch stays friendly.
What’s an offset account and why do people rave about it?

An offset is a bank account linked to your home loan. Every dollar sitting there reduces the interest you pay. It’s flexible, tidy for records, and great for building a safety buffer. (Redraw can be fine too, but offset is the neat freak of the two.)
Should I buy a fixer-upper or move-in-ready?

Depends on your time, budget, and nerves. Reno properties can be great if you’ve got cash buffers and a plan; turnkey is calmer for first-timers. We’ll also check how the lender treats the place—some “projects” aren’t as bank-friendly as the listing suggests.
Are there first-home buyer concessions or schemes?

yes – things like stamp duty concessions, grants, or guarantee schemes (eligibility applies and rules change). We’ll check what’s available for your situation and state so you don’t miss free help. (We love free help.)