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Principal & Interest (P&I) Loan

Principal is the actual money you have borrowed and interest is the fee lenders charge you whilst you owe this money.  Interest is generally calculated daily on the...

Lenders’ Mortgage Insurance (LMI)

LMI is insurance that protects the lender against losses it might incur by providing a loan to a borrower.  In other words, LMI protects the lender, not you! ...

Loan to Value Ratio (LVR or LTV)

LVR is used by lenders to determine how much they will lend against a property for a particular loan product.  For example, your house is worth $500,000 and...

How much is the First Home Owner’s grant?

Under the scheme, a one-off cash grant is available to buyers who have never purchased a home before. The amount of the grant varies between States and Territories,...

Take control of your own rate cut with Mates Rates, Australia’s No.1 Cash Back Mortgage Broker

A 2 Year Fixed Interest Rate Home Loan starting with a 1 That is effectively what Mates Rates Cash Back Mortgage Brokers Exclusive Monthly cash back as used...