Whatever you want to buy a home for the purpose of owner – occupied or investment purpose. A “home loan,” commonly referred to as a “mortgage,” is a financial tool offered by banks or non-bank lenders to assist with purchasing properties.

The approval of a mortgage depends on meeting lending criteria, with lenders evaluating the risk associated with borrowers to determine borrowing capacity and potentially influence interest rates. Essentially, a mortgage enables property acquisition without the immediate need for the full purchase amount, acting as a loan from a financial institution.  

Different types of home loans include options for first home buyers, owner-occupiers, investors, and those seeking refinancing opportunities.