Home Lending
Deposits, grants, LMI, pre-approval — the first purchase has the steepest learning curve. Tom walks you through every step in plain English, from “can we?” to keys in hand.
Who this is for
Worth weighing
How Ascent helps
Your position assessed against schemes and lender policy — before you commit to anything.
Calculated the way lenders actually assess it, buffers and all — not a marketing number.
Organised before you fall in love with a place, so you bid with confidence.
Every document and condition explained before you sign it.
The process
A no-obligation discussion about where you are and where you’re going — in person in Melbourne, or online.
Your full picture gathered once, options compared across the panel, and a clear plain-English proposal: the loan, the structure, the costs, and why.
We prepare, submit and manage the application, handle lender requests, and keep you informed at every stage.
Coordination through to settlement, then ongoing reviews so the loan keeps earning its place.
Lending is subject to eligibility, lender criteria and credit assessment.
Paperwork
Don’t worry if something’s missing — we’ll work through it together.
Questions
Traditionally lenders prefer 20%, which avoids Lender’s Mortgage Insurance — but you can buy with much less. Deposits from 5% are possible with most lenders (with LMI), eligible first-home buyers may access government guarantee places with 5% and no LMI, and guarantor support can reduce the requirement further. The right path depends on your situation — subject to eligibility and lender criteria.
Pre-approval is a lender’s indication of how much it is willing to lend you, based on your income, expenses and deposit. It gives you a realistic budget and shows agents you are a serious buyer. If you plan to bid at auction it is strongly recommended, because auction purchases are unconditional. Pre-approvals typically last around 90 days.
Lender’s Mortgage Insurance protects the lender — not you — against loss if a loan cannot be repaid. It is usually a one-off premium charged when you borrow more than 80% of a property’s value, and in many cases can be added to the loan rather than paid up front.
The loans themselves are standard products from participating lenders. Places are limited, and eligibility rules apply around income, property price caps and prior ownership. We check your eligibility as a first step.
Information on this page is general in nature and does not take your objectives, financial situation or needs into account. Lending is subject to eligibility, lender criteria and credit assessment. Terms, conditions, fees and charges apply.
Enquire
First conversations are free and unhurried — bring your questions.