26/08/2026
There are a few things we hear from buyers all the time that just aren't quite right. And when you're making one of the biggest financial decisions of your life, the details matter.
❌ Using a mortgage broker costs more than going to a bank directly - In most cases, a broker costs you nothing. They're paid by the lender once your loan settles, and in return you get access to dozens of lenders and products, not just one bank's range.
❌ Your HECS debt won't affect your home loan - It will. Lenders count HECS as a liability when assessing your borrowing capacity, even though it's repaid through the tax system. It doesn't disqualify you from buying, but it's worth factoring in before you apply.
❌ Pre-approval means your loan is guaranteed - Pre-approval is a strong indicator, not a guarantee. A full assessment happens once you've made an offer. It's still worth getting as it gives you a clear budget and shows sellers you're serious.
If any of these changed how you're thinking about your next step, our team is here to help you work through it. Reach out anytime: inovayt.com.au
*General information only. Not personal financial advice.
