A beginner's guide to home loans - #124

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 looking to refinance but want a better picture of how the home loan process works from end-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 detailing everything you need to know before you compare your options.

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

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Full show notes at https://www.finder.com.au/podcast