Podcast: A beginner’s guide to choosing a home loan

Learn about variable rates, offset accounts and how to get started.

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Got a spare $1 million lying around for a new property? Alright, you can skip this podcast.

For the rest of us, it's time to talk about home loans. Whether you're a first home buyer, or you're looking to refinance but you want a better idea of how the home loan process works from start to end, you're in the right place.

Finder's home loans editor Richard Whitten joins Marc and Sally to break down the ABCs of the lending world and to detail everything you need to know before you compare your options.

We discuss the timeline of the loan process, features like offset accounts and redraw facilities, lender's mortgage insurance (LMI), deposits and eligibility. We also chat about how the RBA cash rate affects variable interest rates.

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Read the transcript of this episode

The Finder Pocket Money podcast is intended to provide you with tips, tools and strategies that will help you make better decisions. Although we're licensed and authorised, we (and our guests) aren't providing any form of financial or legal advice. So please consider your own situation and get proper advice about your individual circumstances before making any decisions based on anything in our show. Thanks for listening!

Got any questions for the Pocket Money crew? Want to suggest a future episode idea? Hoping to speak with other curious young adults sorting through their lives and their money? Join our community for exclusive access and discussions about the show and all things money.

Pocket Money is hosted by Sally McMullen and Marc Terrano. The show is produced by Franko Ali and Ankita Shetty. Editing and theme music from Brianna Ansaldo of Bamby Media.

finder.com.au (ACL 385509. CAR 432664) is Australia's most popular comparison site. We like to help and we understand that our podcast provides information, insight and entertainment, but it's not personal advice. Consider your own circumstances (or get advice) before you make any decision based on our general comments and commentary.

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