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Kurt was excellent to deal with. Great customer service, very helpful and experienced. One of the best rates on the market.
Exceptional customer service provided by Nick Freney in assisting us to navigate three separate loans. Wouldn’t hesitate in strongly recommending him to other prospect customers.
Just settled on my refinance with Vaughan at Reduce Home Loans. He made the process super easy and efficient. Was also great to be informed regularly throughout the entire process to put my mind at ease.Thanks 👍
We have been with Reduce Home Loans since 2015 and they've consistently secured the best rates and account features for us. This month we refinanced to a very competitive rate thanks to our Personal Finance Manager Connor.Connor provided us with helpful guidance and thoroughly answered all our questions. Everything was completed promptly and he was so responsive with our queries. The application process has also become much more streamlined and user friendly over the years.Thanks to Connor (and previously Rhyse) at Reduce Home Loans, we've been able to achieve our dream of having a home for our family. We highly recommend them for their personalised, exceptional service and expertise, as well as their broad product offering. Thanks again!
I have used Reduce Home Loans recently. I have dealt with Vaughan from Reduce Home Loans. I find Vaughan very helpful and easy to approach. I think they have great knowledge and great interest rates options and cash back offers. I will recommend to seek their advice for new home loans. Thanks, Dev
Kurt was phenomenal, very knowledgable, patient and communicative across the entire process. Can't recommend them highly enough.
Vaughan Enright has been an absolute pleasure to deal with. He is always extremely responsive and helpful, listens to my needs, and has been working with me to get the best he can. He has been reliable, getting back to me quickly, calling when he says he will (great timekeeper). Very happy with the experience as I initially called 3 or 4 months ago, he has been very informative from tyre kicking/semi serious stage to now at crunch time. Definitely recommend working with him.
I have used Reduce Home loans several times to refinance our loan. I cannot recommend them highly enough. They are extremely knowledgeable and have access to highly competetive interest rates. Their communication throughout the loan application process is excellent and it is very easy to get in touch with them when you need to. Definitely use Reduce!
Nick and the team never fail to impress and always achieve better than expected results. With a great network of lenders and products they always manage to deliver, keeping you well informed along the journey. Always know I am in capable hands and a achieving the best of what's out there.I cannot recommend Reduce highly enough. 11 out of 10! Keep up the good worm 👍
Prompt customer service and staightforward process. Access to great rates. Clear communication. Loan settled without problems and would definitely use them again.
We have been working with Reduce Home Loans for a few years now. We have done some refinancing of home loans and have applied for new home loans with Reduce Home Loans. Each and every time we managed to get some awesome deals, lowest variable rates available on the market. I highly recommend Reduce Home Loans. We will definitely use them again in future!!
Nick Freney, from reduced home loans, was fantastic. He made the whole process of refinancing my house loan, hassle free and also got me a great interest rate. I can't recommend Nick and his team highly enough.
Reduce were very easy to work with, and they got us the lowest variable rate on the market - which is saving us thousands each year.Highly recommend. We'll definitely go with them again in the future.
Overall, we are happy with our experience at Reduce. We moved from another non-bank lender, who wouldn't move our rate, despite their new owner rates being much lower, and our loans under what we originally borrowed. Nick and the team from Reduce were very easy to deal with, and our rate has been competitive since we started with them.
Just refinanced with Reduce Home Loans. Better interest rates, staff have been nothing but helpful and easy process. Can't ask for more!
I had a fantastic experience dealing with Reduce Home Loans who provided finance for my SMSF to purchase an investment property in July 22. I was particularly impressed with Bryce Stimpson's helpfulness, knowledge, responsiveness, professionalism and pleasantness. I received an excellent rate and am happy I went with Reduce.
Using reduce loans has saved me a lot of money on our home loan. The staff are professional and caring, always easy to get in contact with and there to help with any questions you. The switch from one of the big 4 banks (wont name names of who was ripping us off!) was easy with reduce loans. I highly recommend anyone to get in contact and see how many money they can save you.
Reduce Loans were able to find us a much better home loan rate. The process was so easy and we were walked through every step. Everything was done online and the whole process was handled quickly. I would highly recommend working with Reduce Loans.
We secured a great loan with Reduce far below market rates of the large lenders. Was particularly impressed by their flexible banking style in setting up the loan and Nick Freeney was great to work with in the loan application. The only issue is the application process was longer and more admin intensive than some other loans so removing one star - but if you stick with it you can save a bunch over the life of the loan.
How much can I borrow?
Find out how much lenders may loan to you.
Find out how much you may be able to borrow and your likely monthly repayments.
This calculator will provide a snapshot of what you may be able to borrow, based on the mortgage interest rate, mortgage term and your own income and expenses.
This calculator is a wonderful starting point in your search for a new home. Your requirements may include location and number of bedrooms or bathrooms and now you will be able to search based on property value too. If you are using online facilities to look for a future home, including a price as a search parameter will reduce the number of results you see, making the results more effective and realistic for you.
Amend your inputs to improve the outputs
Make the most of the calculator by adjusting the figures to improve the amount you may be able to borrow or your estimated monthly repayment.
Mortgage loan term and interest rate
It’s unlikely you will be able to change the interest rate payable, but increasing the duration of the loan may impact your monthly repayments.
Income
Obviously, the amount you will be able to borrow is affected by your income. You could consider increasing your income to be able to borrow more. You may increase your income by working more hours or taking up a second job. Ask for a pay rise at work or learn new skills to male yourself more valuable to employers.
Expenses
Your expenses can also be changed. You are likely to have regular, fixed expenses and some you can change, or not pay at all!
Fixed expenses
Your home
Expenses such as rent or mortgage repayments, council tax bills, utilities and house/contents insurance are most likely fixed.
Variable expenses
Necessities for life
This section includes food, groceries, toiletries, cleaning and hygiene products plus essential clothing. You are able to save on these expenses by shopping around for more cost-effective products. If you eat out or have food delivered often, cooking at home will probably reduce your outgoings.
Transport
There may be surprising reductions to your outgoings to be made by reviewing your transportation costs. If you own your own car and don’t use it regularly you may make considerable savings by getting rid of your car. Do you have public transport links to your work location? Catching a bus or train into work may work out cheaper than driving in and paying for parking.
If you enjoy an occasional weekend away or a road trip, consider vehicle rental instead of using your own car. Paying for a hire vehicle, when needed, may save you the expenses associated with vehicle ownership such as loan repayments, fuel, licensing, insurance, servicing and parking/storage. All of these things remain as ongoing expenses whether you use the vehicle or not!
Leisure
Encompassing holidays, restaurants and takeaway food, sports and gym membership, alcohol, gambling and gifts, there are often ways to reduce leisure costs. If you are prepared to work out at home, take cheaper holidays and make coffee instead of buying it by the cup, you can probably greatly reduce your regular expenses.
Your credit card limits
A large available limit on your credit card is a financial risk to lenders. If you used your card to purchase a high-value item, such as a car or luxury holiday, you should consider asking your credit card provider to reduce the credit limit before applying for a home loan.
Note: Outputs from this calculator are estimates and provided as a guide only. The figures should not be regarded as a quote, loan offer, or lending advice.
Need a hand?
Remember, you can talk directly to one of our accredited Personal Finance Managers on 1300 REDUCE (733 823). They’ll answer any of your questions and you can even apply for a home loan on the spot.
Want a call back? Fill in a no-obligation enquiry form or speak to our live chat representatives and the next available Personal Finance Manager will call you back.
HOME LOAN CALCULATORS
Extra repayment calculator
Pay off your loan quicker with extra repayments. Find out how much quicker with this calculator.
how much can i borrow?
Find out how much you can expect our funders to lend you based on your income and living expenses.
Mortgage offset calculator
With an offset account attached to your loan, you can reduce the amount of interest you pay.
P&I / Interest only calculator
Compare repayments between principal and interest, and interest only options, or find the total cost of these loans.
stamp duty calculator
Purchasing a property? Find out how much stamp duty you’ll pay based on your state and purchase price.
FINANCE CALCULATORS
BUDGET CALCULATOR
Curious about your own budget? Calculate your finances and figure out your cash flow here.
savings goal calculator
If you’ve got a goal for your savings, this calculator can help you understand how long till you reach it.
compound interesT
Calculate how much you can save with regular deposits in a savings account accruing interest over time.
Income tax calculator
Find out exactly how much government tax you would pay based on your annual income.
what can i afford to borrow?
How much can you really afford? This calculator helps you determine your maximum borrowing power.
Find the Cheapest Home Loan that’s right for you
No matter what stage of the home loan journey you’re at, we’re here to help you find a great rate across variable, fixed or a mix of both.
Our home loan range also offer great features and flexibility, so you can apply with confidence.
Why choose Reduce?
COMPARE OUR HOME LOANS
Compare rates, features and fees across all our home loans in this easy table.
At Reduce Loans, we aim to help you select the best home loan for you and your situation.
This information is to help guide your decision.
If you have any questions please contact our friendly team of experts who are here to help.
