Home Loans
Start your home buying journey
Figure out what you can actually afford.
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Mortgage basics for beginners
![Mortgages and Home Loans in Australia](https://www.nerdwallet.com/au/wp-content/uploads/sites/3/2022/11/what-is-a-home-loan-436x290.jpg)
Mortgages and Home Loans in Australia
Home loans are not overly complicated, but having a rudimentary understanding of the fundamentals will give you a head start as you set out on the great Aussie home ownership journey.
![Glossary of Home Loan Terminology](https://www.nerdwallet.com/au/wp-content/uploads/sites/3/2022/11/home-loan-jargon-435x290.jpg)
Glossary of Home Loan Terminology
Confused by mortgage terminology? This home loan glossary includes words and phrases first-time buyers are likely to encounter in Australia.
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Understanding Principal and Interest for a Home Loan
Principal is the amount of money borrowed from a lender; interest is the extra amount charged by lenders in exchange for using their funds.
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17 Types of Home Loans for Buyers, Investors and Property Owners
Know the common home loan types for Australian buyers, investors and property owners so you can choose the best option for you.
Top reads for first-time home buyers
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Should You Buy or Rent?
The best choice for you should be the one that saves you the most money over the short term while still allowing you to follow your property-ownership dream at the same time.
![How to Buy a House in Australia: 12 Steps to Purchasing Property](https://www.nerdwallet.com/au/wp-content/uploads/sites/3/2023/04/GettyImages-1155844286-435x290.jpg)
How to Buy a House in Australia: 12 Steps to Purchasing Property
The main steps to buying a house or property in Australia include getting your finances in order, seeing how much you can borrow, and choosing the right mortgage lender.
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How to Save for a House Deposit
How you save for a deposit and how long it takes you will be a good indicator not only of how well you manage your finances but how much you can realistically afford in regular mortgage repayments.
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How to Get a Home Loan
The home loan application process can be thorny. Here’s how to approach it.