Home Loans & Mortgages

Understanding the numbers behind your home loan is essential. Before you start your home buying journey, it helps to get a clear picture of what you can afford — and how different interest rates and repayments might look over time.

That’s why we provide a range of home loan calculators to help you plan:

• Repayment Calculator – Estimate your principal and interest repayments over the life of the loan, based on your loan amount, interest rate, and loan term.
• Borrowing Power Calculator – See how much you may be eligible to borrow based on your income, expenses, and loan to value ratio.
• Extra Repayments Calculator – Explore how paying a little extra each month could save thousands in interest charges and shorten your loan term.

You can also use our calculators to explore how variable rate or fixed rate home loan structures might impact your repayments over time.

These tools are designed to support your home buying journey, giving you the confidence to make informed decisions before you meet with one of our home loan specialists.

Remember, calculators provide a guide only — real numbers may differ depending on your interest rate, fees, and mortgage insurance.

Mortgage

A mortgage isn’t just a loan; it’s a long-term financial relationship. The right mortgage structure can make a major difference to your home buying journey and your financial wellbeing over the next 20 to 30 years.

At TFC, our home loan specialists compare dozens of home loan products from trusted Australian lenders to find a solution that works for you. Whether you’re buying a new home, looking to refinance, or managing your existing home loan, we’ll guide you through the home loan application process step by step.

We hold an Australian Credit Licence, so you can trust that our recommendations align with your best interests and local lending regulations.

Loan Interest

Your loan interest is the portion of your home loan repayments that covers the cost of borrowing money. The remainder goes toward reducing your principal and interest loan.

If you choose interest only loans, you’ll only pay the interest charges for a set interest only period, usually between one and five years. These interest only loans are based on an initial interest only period equal to what’s agreed at the start.

This can lower your short-term repayments, but you won’t be reducing the loan balance during that time. When the interest only period ends, repayments will increase because you’ll begin paying off the principal and interest as well.

Repayment

Every home loan repayment includes a portion of principal (the amount you borrowed) and interest (the cost of borrowing). Over time, your principal and interest repayments reduce the loan balance and the total interest charges payable over the life of the loan.

Making extra repayments on your variable rate home loan — even small ones — can make a big difference. It shortens your loan term and helps you build equity faster.

Refinance

If you already have an existing home loan, it may be worth reviewing it regularly to ensure you’re still getting competitive rates. Refinancing means replacing your current loan with a new one — possibly with a different lender — to access better interest rates, improved home loan features, or a lower comparison rate.

When you refinance, our home loan specialists will assess your loan to value ratio (LVR), review your mortgage insurance (if applicable), and compare your current repayments against new loan options.

Sometimes, the comparison rate is true indicator of your real costs because it includes fees and charges, not just the interest rate. A different comparison rate can help highlight the true cost of the loan across multiple lenders.

Home Buying Journey

Your home buying journey doesn’t need to feel overwhelming. At TFC, we break it down into clear steps:

1. Pre-Approval – Get home loan pre-approval to understand your borrowing power and budget confidently.
2. Search and Offer – Once you find your property, we guide you through the offer and contract stage.
3. Loan Application – Our team manages the home loan application process on your behalf, from paperwork to settlement.
4. Settlement and Beyond – Even after your loan settles, we continue to review your home loan interest rates and support you with future goals like refinancing or buying a new home.

We’re with you for the entire life of the loan — not just the approval stage.

Type of Home Loan

There are many types of home loan to suit different borrowers:

• First Home Buyer Loans – Tailored solutions and guidance to help you buy your first home with confidence, including home guarantee schemes and deposit support.
• Owner-Occupier Loans – Ideal for those living in the property. Choose between principal and interest home loans or interest only payments for flexibility.
• Investment Home Loans – Designed for property investors, often with variable interest only loans or fixed rate loans for stability.
• Refinance Loans – Perfect for those seeking a lower interest rate, better comparison rates, or improved loan features.

Each option comes with its own benefits, eligibility criteria, and maximum loan to value ratio. Our experienced team will help you compare home loans and find the most eligible home loan for your situation.