Frequently Asked Questions

We have listed here a range of questions we are frequently asked at First Australian.  These pages will assist your understanding of how we can help you.  Please feel at ease to ring us, or contact us via email and one of our experienced staff will be able to answer any queries you may have.

Enquiries - by phone, or Email

How much can I borrow?

How much deposit do I need?

We're first home buyers, what's available for us?

What about stamp duty, other government fees, insurances & legal costs?

What is mortgage insurance?

What are genuine savings?

How do I apply for a loan?

What information do I have to provide?

How long does an Approval take?

What are the costs to set up my loan with First Australian?

Do I pay fees to First Australian?

What type of loans are available?

What's the best loan for me?

What about interest?

Is interest likely to go up - am I better to fix my rate, or stay variable?

How does the Settlement occur?

How safe is my loan?

I haven’t heard of First Australian so therefore a Bank Loan must safer than a First Australian loan, isn't that so?

Aren't banks better? 

Aren't bank mortgages guaranteed by the government?

What are the key differences between banks & First Australian?

How often do I make payments on my loan?

Can I make additional deposits?

Can I fix the interest?

What are Interest Rates likely to do in the short to medium term in Australia?

What if I lose my job?

What is the Global Financial crisis & how does it impact on my loan?