Moving or upgrading


To work out how much you can afford to borrow, use our Borrowing Power Calculator.

Or if you prefer to do your own calculations, write down all your weekly non-rent expenses, such as groceries, transport, utilities, credit card bills and personal loans. Total your weekly expenses and subtract this amount from your current net income.


Budgeting is an essential skill when you're buying any kind of property. Working out your personal budget and sticking to it is the key to affording and maintaining a home loan. A good budget will factor in all of your regular and irregular expenses, including household essentials, debts, transport, insurance, medical costs and personal spending

Your Tassie Home Loans mortgage consultant can give you essential tips on developing a budget that will help you get on track and get organised. You can also use our Budget Calculator to get a start on your personal budget.

How much deposit will I need?

The maximum loan available is 95% of the property's value. This is called the loan to value ratio, (LVR). The LVR is not based on the purchase price of a property, but on the value set by an independent valuer engaged by the bank. Many banks currently have a maximum LVR of 90%, but you will need at least 5% of the property value as a deposit. You'll also need to factor in additional costs associated with buying a home, when saving for your deposit.

What to take to the home loan interview

Your interview with a Tassie Home Loans mortgage consultant will take around an hour. Having the right information with you will help make your home loan application process simple and quick.

Download theHome Loan Application Requirements

How does a lender assess my home loan application?

A potential lender takes several things into consideration when assessing your home loan application:

  • How long you've been employed and whether you're full-time, part-time, permanent or casual
  • Your income and employment history
  • Your savings history and current savings
  • If you're refinancing, your loan repayment history
  • Your capacity to repay the home loan and meet your financial commitments
  • The amount you wish to borrow, against the value of the property
  • Your level of asset accumulation.

"I would like to thank Tassie Home Loans, in particular Jason Smyth for the excellent service during the purchase of our new home and the follow up calls to ensure we were completely satisfied with the package we received. Jason was able to negotiate with the Big 4 to provide us with rates that the Big 4 were not offering when applying to them directly. Well done Jason and Tassie Home Loans for extending real customer service that all others don’t. You have my recommendation!!!! If you want to save $$$$$ talk to Tassie Home Loans!"
- Darren & Linda Overall, Tassie Home Loans Customers