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Mint Money Simplifying the process to help you fund the home of your dreams.

Mint Money is a mortgage brokering firm based in Surry Hills, NSW with a passion for helping individuals reach their financial goals & objectives. Our mortgage brokers and finance brokers offer a range of financial services including first home buyers, residential home loans, refinance loans, investment loans, debt consolidation, asset finance, equipment finance, business loans, commercial lending & more. Locally servicing Sydney City including; Woollahra, Barangaroo, Broadway, Ultimo, Haymarket, Chippendale, Darlington, Golden Grove, Pyrmont, Darlinghurst, Surry Hills, Elizabeth Bay, Potts Point, Rushcutters Bay, Woolloomooloo, Redfern, Eveleigh, Paddington, Zetland, Moore Park, Millers Point, Paddington, Double Bay, Forest Lodge & Glebe.

03/11/2026

Let’s just say that the property Matthew is wanting to buy currently costs $600k.

So $614k with the LMI…

If Matthew decides to wait 2-3 years and save up a bigger deposit (to avoid that extra $14k) what will that $600k property be worth?

If prices go up, he could end up paying a lot more than $14k if he waits…

So the big question is:

Is it better to pay LMI or keep saving for a 20% deposit?

It depends on your local market and your goals. Lenders Mortgage Insurance is a one-off cost that protects the lender, not you, and paying it lets you buy sooner.

That can matter if prices are rising faster than you can save. Waiting until you reach 20% avoids LMI, but you risk being priced out in the meantime.

Neither path suits everyone.

Which one makes sense for you depends on your income, your timeline and lender criteria, so it helps to run the numbers on both before you decide.

Mint Money | Credit Representative 470642 is authorised under Australian Credit Licence 389328.

https://www.mintmoney.com.au/low-deposit-home-loans/

General advice only, not personal financial advice.

29/10/2026

How does a guarantor home loan work?

A family member, usually a parent, uses the equity in their own property as extra security for your loan.

That backing acts in place of your cash deposit, which may let you borrow with little or no deposit and avoid Lenders Mortgage Insurance.

The guarantor is only liable for the part of the loan they back, and what’s possible depends on the lender and how much equity is available. It involves your family directly, so it’s worth talking it through together first.

Whether it suits you depends on your income and your guarantor’s position, subject to lender criteria.

Mint Money | Credit Representative 470642 is authorised under Australian Credit Licence 389328.

https://www.mintmoney.com.au/low-deposit-home-loans/

General advice only, not personal financial advice.

26/10/2026

The positive side to this?
Getting rid of your credit card can have the opposite effect.

Cancel your card with it’s $10k limit, and you could instantly boost your borrowing capacity by almost $50,000 - that could mean the difference between getting your dream home or missing out.

Doesn’t matter how much you owe on a $25k limit credit card - the banks will still factor in the full $25,000 when assessing your borrowing capacity.

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FAQ of the week:

Can I use BAS or bank statements instead of tax returns?

Sometimes, yes.

Many lenders want two years of tax returns, but some accept business activity statements or business bank statements instead, and a few will consider an accountant's declaration.

Lenders also treat add-backs such as depreciation, interest and one-off expenses differently, which can change the income they assess. The same business can look quite different from one lender to the next.

Which route may suit you depends on your records, your deposit and how long you've been trading, subject to lender criteria.

Mint Money | Credit Representative 470642 is authorised under Australian Credit Licence 389328.

https://www.mintmoney.com.au/unusual-employment-loans/self-employed-home-loan/

General advice only, not personal financial advice.

22/10/2026

The good news is, they don’t have to...

They could be eligible to buy a $1.1 million dollar home with only a $55,000 deposit.

Here’s what you need to know⬇️

Can I buy a home with a 5% deposit? Yes, for some buyers.

A 5% deposit loan lets eligible first home buyers purchase with a deposit of just 5% of the property’s value.

The main routes are select lenders, a government-backed deposit scheme, or a guarantor arrangement. LMI usually applies on a standard low deposit loan, though a scheme or guarantor may reduce or remove it.

Lenders look closely at income, job stability and credit history, and many want to see part of your deposit saved over time.

Scheme rules, including income and price caps, apply.

Whether it works for you depends on those criteria and your circumstances, so check where you stand before you start saving towards a bigger number.

Mint Money | Credit Representative 470642 is authorised under Australian Credit Licence 389328.

https://www.mintmoney.com.au/low-deposit-home-loans/5-deposit-home-loans/

General advice only, not personal financial advice.

19/10/2026

Did you know that if you were to buy an $800k home today on a 30 year mortgage, by the time that thirty years has passed, you'll likely have paid around $1.6 million dollars in repayments?

All because of interest.

Here’s a few ways you can avoid doubling the cost of your property…

1️⃣ Bigger deposit = smaller loan size = less interest over time.
This one is pretty self explanatory

2️⃣ Keep all your savings in an offset account. This will lower the amount of interest you pay over time

3️⃣ Bulk payments make a massive difference. If you’re lucky enough to receive a bulk payment; a gift, tax return, work bonus…adding it into your offset account (rather than spending it!) could shave years off your mortgage, and save you a ton of money on interest.

And here’s a bonus way to avoid doubling the cost of your property over its lifetime…

✨Refinance when your lender isn’t giving you the best deal✨

How does refinancing work?

Refinancing means replacing your current home loan with a new one, either with your existing lender or a different one.

It starts with a review of your current loan, your equity, your income and what you want to change. Then you compare options on the full cost, including fees, any break cost on a fixed loan and sometimes LMI, not just the advertised rate.

If it stacks up, the new lender pays out the old loan at settlement. Whether switching leaves you better off depends on those costs and your circumstances, subject to lender criteria.

Sometimes staying put is the smarter move. Mint Money | Credit Representative 470642 is authorised under Australian Credit Licence 389328.

https://www.mintmoney.com.au/refinancing/

General advice only, not personal financial advice.

06/10/2026

What's better, an offset account or redraw?

An offset account links a savings or transaction account to your home loan, and every dollar sitting in
it reduces the balance you're charged interest on each day.

Redraw works differently: your extra repayments sit inside the loan itself, and pulling that money back out can take longer and isn't as instantly accessible.

Which one suits you depends on how often you need to reach the money and how your loan is set up.

Ask your broker which structure actually fits before you choose, subject to lender criteria.

Mint Money | Credit Representative 470642 is authorised under Australian Credit Licence 389328.

https://www.mintmoney.com.au/home-loan-types/offset-account/

General advice only, not personal financial advice.

02/10/2026

🥲🥲 It’s no secret that small business owners are doing it tough right now.
Especially with this latest surcharge ban…

We’ve had a lot of self employed people reaching out to us lately, confused about whether or not they’re eligible for a loan, if their business is still relatively new and they don’t have enough ‘evidence’ of their income yet.

That’s where Low Doc home loans come in...

How does a low doc home loan work?

Instead of two years of full tax returns, you verify income with alternative documents: business activity statements, six months of business bank statements, or an accountant’s declaration.

It’s built for business owners, contractors and freelancers whose tax return doesn’t reflect what they actually earn.

You still go through an assessment and lender matching process, just with different paperwork than a full doc loan.

If your return understates your earnings, this path may suit you better than a full doc loan. An assessment will show where you actually stand.

Mint Money | Credit Representative 470642 is authorised under Australian Credit Licence 389328.

https://www.mintmoney.com.au/unusual-employment-loans/self-employed-home-loan/

General advice only, not personal financial advice.

29/09/2026

Recently there was an overheard conversation where a guy was talking about buying a property with a super low deposit.

His friend was telling him how it was a pretty risky thing to do right now with interest rate hikes looming - what if his repayments kept growing and he couldn't stay on top of things?

His response: All good, that's what Lenders Mortgage Insurance is for - to protect me.

🤦‍♂️ Uh oh, how do we break the bad news to him?

LMI, or - Lenders Mortgage Insurance - protects the lender, not you.

If you default on a home loan written above 80% of the property's value, you still pay the premium, but the payout goes to the bank if things go wrong.

If you're eligible for a government scheme or a lender-paid waiver, you may be able to buy with a smaller deposit and skip the cost.

Ask what you could qualify for before you assume a 20% deposit is the only way in.

Mint Money | Credit Representative 470642 is authorised under Australian Credit Licence 389328.

https://www.mintmoney.com.au/low-deposit-home-loans/

General advice only, not personal financial advice.

Westpac was the last Big Four economist shop to call a near-term hike. Tuesday it moved to a November base case: **+25bp...
09/09/2026

Westpac was the last Big Four economist shop to call a near-term hike. Tuesday it moved to a November base case: **+25bp to 4.60%** (Savings.com.au / Bloomberg).

Same day: Hunter + Hauser hawkish; ASX six-week low.
Cash rate still **4.35%**. Next Board update **29 Sep 2:30pm**.

Forecasts aren’t a decision. If you’re on a variable rate, know your assessment buffer before the meeting — not after the headline.

Comment BUFFER or message us for an obligation-free check. Not a Mint rate call. Not a promised outcome.

General information only. Not personal financial advice.
Mint Money · CR 470642 · ACL 389328 · FBAA · AFCA · 1300 302 620

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Level 10/418A Elizabeth Street
Surry Hills, NSW
2010

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