A first-time home buyer is a home buyer who hasn’t owned the home before.
Redraw is a feature on eligible home loans that allows you to withdraw any extra payments you have made on your home loan.
Lenders Mortgage Insurance is insurance that a lender takes out to protect itself against risk due to the borrower requiring to borrow more than 80%. The insurance would cover the lender if you, the borrower, could not meet the loan repayments. There are ways to avoid this insurance: having the total 20% deposit amount or receiving a family pledge, also known as a guarantor.
Fellow Finance pty ltd can help you to do it. Providing: Utility Bills (last 3 months), your owner occupied address: Driver license ( back and front), Water Bills (last 3 months), Council Rates, Current Insurance Certificate.