Buying my first home
First Home Buyers
Buying your first home is an exciting time but it can also be quite daunting. IMB has put together all the information you need to know about buying a home and the home loan process, including some helpful checklists to walk you through this memorable time in your life. We have the tools to help you choose the right home loan and some great calculators to find out how much you can borrow.
Let's take the first steps to owning your own home!
- How does IMB help First Home Buyers?
- How much can I borrow?
- How much is enough of a deposit?
- What are the different loan options?
- Making the decision - what's next?
- The home loan dictionary
Home Loans that might be of interest:
|Product||Description||Interest rates from|
|To help you get started IMB’s Introductory Variable Home Loan offers a discounted interest rate during the first year of your loan. The loan then reverts to a discount off IMB’s fully featured Standard Variable Home Loan.||
|1 Year Fixed Rate Home loan (For loan amounts over $300,000 and up to 90% of the property value)+^||
Get the best of both worlds with one of Australia’s lowest fixed rate home loans and the ability to split your loan with a competitive variable rate.
|A low cost home loan option, the Budget Home Loan has a discount off IMB’s standard variable rate for the life of the loan, so you’ll always pay less.||
˅For new funds only. Not available for refinance of existing IMB loans. *The comparison rate is based on a $150,000 secured loan for a term of twenty five (25) years for all home loans. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in different comparison rate. +Lending criteria, terms and conditions, fees and charges apply. Full loan terms and conditions are available upon request from any IMB branch or by calling 133 462, 8:00am to 8:00pm Mon-Fri, or 9:00am to 4:00pm Saturday. ~Discount applies for 12 months from the date the loan is approved. The loan then converts to a variable rate with a discount off IMB’s Standard Variable Rate. ^The interest rate shown is for a 1 Year Fixed Rate Home Loan, where the loan is >$300,000 and is up to 90% of the property value. A higher rate applies where your loan is <$300,000 and/or is more than 90% of your property value (inclusive of any applicable capitalised costs e.g. Lenders Mortgage Insurance and/or Mortgage Protection Insurance). All fixed loans convert to a variable rate loan at the end of the fixed term with a discount off IMB’s Standard Variable Rate. Split loan fee applies and a higher rate applies to any variable rate loan component. #The interest rate shown is for a Budget Home Loan where your loan (inclusive of any applicable capitalised costs e.g. Lenders Mortgage Insurance and/or Mortgage Protection Insurance) is up to 90% of your property value. A higher rate applies when your loan is more than 90% of your property value.