Samantha Riches
3 months ago
Bryce was fantastic throughout our new home process. He was very knowledgeable and helpful and made everything seem easy. He provided expert help throughout guiding us, was very proactive in making sure all deadlines were met and was always contactable. I would not hesitant to recommend Bryce.
Cheyne Brooke
3 months ago
Bryce Stimpson assisted us with our recent home loan and made the entire process stress free and smooth. I would highly recommend Bryce to anyone looking to buy and offer peace of mind that you will be taken care of from day one through till settlement.
Geuna Lim
4 months ago
We’ve used Nick Freney and the team at Reduce Home Loans for both our first home purchase and our refinance, and both experiences were excellent.
Nick made the whole process smooth and stress-free from start to finish. He was easy to deal with, quick to respond, and always happy to answer our questions along the way.
We really appreciated the honest advice, clear communication, and support throughout the entire process.
Very happy with the outcome and would definitely recommend Nick and the team to anyone looking for a reliable mortgage broker.
Nick made the whole process smooth and stress-free from start to finish. He was easy to deal with, quick to respond, and always happy to answer our questions along the way.
We really appreciated the honest advice, clear communication, and support throughout the entire process.
Very happy with the outcome and would definitely recommend Nick and the team to anyone looking for a reliable mortgage broker.
Kels O
6 months ago
Worked with Bryce twice now and had a great experience both times! We are based in Victoria and it was a really easy experience
Janine J
7 months ago
We had an excellent experience working with Vaughan as our mortgage broker for our first SMSF purchase. From our very first meeting, he was clear, confident and incredibly knowledgeable, which gave us immediate reassurance that we were in good hands.
He was responsive throughout the entire process — always available to answer questions (no matter how small) and quick to come back to us when timing really mattered. We were working to a tight deadline, and he brought a real sense of calm and clarity when we needed it most.
What impressed us most was how forthcoming Vaughan was from the outset. At our first meeting, he came prepared with clear options and a well-considered proposal, openly talked us through the pros and cons, and set realistic expectations. He then followed through exactly as outlined — with honest advice and solid execution every step of the way.
If you’re looking for a broker who is proactive, transparent and genuinely supportive, we wouldn’t hesitate to recommend Vaughan and Reduce Loans.
He was responsive throughout the entire process — always available to answer questions (no matter how small) and quick to come back to us when timing really mattered. We were working to a tight deadline, and he brought a real sense of calm and clarity when we needed it most.
What impressed us most was how forthcoming Vaughan was from the outset. At our first meeting, he came prepared with clear options and a well-considered proposal, openly talked us through the pros and cons, and set realistic expectations. He then followed through exactly as outlined — with honest advice and solid execution every step of the way.
If you’re looking for a broker who is proactive, transparent and genuinely supportive, we wouldn’t hesitate to recommend Vaughan and Reduce Loans.
Elizabeth L
10 months ago
We got out latest mortgage through Mortgage Ezy and couldn't be happier. The interest rate was great and customer service excellent. Vaughn was very knowledgeable and made the process easy, supporting us throughout. He was very friendly, helpful and professional and answered all our questions, even after the loan settled. Thanks so much Vaughn, we will definitely be back.
Jordan Stimpson
10 months ago
Bryce from Reduce Home Loans has been fantastic to deal with. From our home loan to a personal loan, he is efficient and takes away the stress getting things done in a timely manner. Highly recommend!
Kingswaysydney
11 months ago
Vaughan Enright did a terrific job organizing our challenging SMSF mortgage. Despite the complexity, his expertise, patience, and accuracy made the process smooth and stress-free. We really appreciate his speedy actions, clear communication, and professional approach throughout. Highly recommended for anyone needing a knowledgeable and reliable finance broker!
Vinnie Bundhoo (Vinnie)
2 years ago
I just wanted to take a moment to thank Vaughan and the team for all their hard work in securing my home loan. Vaughan's professionalism, expertise and commitment made the entire process so much smoother and less stressful for me and my partner. Thank you for going beyond and above - will recommend your service to family and friends.
AJK43
2 years ago
i had struggle to find a house which is under my budget and finally i founded and Mr Kurt had been very
helpful and guided me to get a house so
im very thankfull with his support.
helpful and guided me to get a house so
im very thankfull with his support.
Simon Grant
2 years ago
We dealt with Vaughan when we refinanced - he was very helpful explaining the ins and outs of the process and pros and cons of each lender. Would highly recommend him if you're thinking about refinancing!
Dipak Patel
2 years ago
Connor Newson was really helpful from start to finish and very easy to communicate. He provided excellent service. Thanks to him.
Jordan Crisp
2 years ago
I can’t say enough good things about Nick from reduced home loans. From the very start, he made the mortgage process feel smooth and straightforward. He took the time to understand our needs, explained every option clearly, and answered all of our questions patiently. I really appreciated how responsive him and his team were, keeping us updated at every step and making sure we felt confident in our decisions. With their help, we found a great rate and closed on time with no surprises. Highly recommend Nick for anyone looking for a knowledgeable, friendly, and reliable mortgage broker!
Brad McGill
2 years ago
Reduce Home Loans saved the day for me! Most other lenders were not willing to lend against my property, but Reduce home loans did the work to understand the deal and found a way to make it work. I couldn't be happier with the outcome, thanks for your awesome advice!
Micheal Enerst
2 years ago
Darryl Murphy
2 years ago
Got a great rate and the team worked hard to get the job done. Kept us up to date the whole way through the process.
Nicole and Jason Coghlan
2 years ago
We were so impressed with Ben Ithell, he is knowledgeable, patient and worked really hard getting us an amazing deal that 8 other brokers I called said they couldn’t even touch due to our unusual circumstances. Please give Ben a call and have a chat he is very honest and will tell you straight up if he thinks he can help. Highly recommend him!
Sahn Mills
2 years ago
sara yuan
2 years ago
Working with Ben Ithell and his team was a great experience. The team was very knowledgeable and patient with my questions. They were always on time and reply my emails quickly.
Excellent…I would give them my highest recommendation!
Excellent…I would give them my highest recommendation!
Mark Johnston
3 years ago
Ben Ithell was fantastic, laid all my options out for me. Got me good deal especially considering the unusual circumstances I was in. He kept me up to date, communicated well and was always available to help as I needed it.
craig kimpton
3 years ago
Professional staff that keep you well informed throughout the process, and provide great savings with lower rates.
Ben Ithell was a pleasure to consult with, diligent and extremely professional throughout. Thanks Ben.
Ben Ithell was a pleasure to consult with, diligent and extremely professional throughout. Thanks Ben.
vineet sagar
3 years ago
Vaughan Enright was great to deal with. Not only he is well versed with all the home loan technicalities, he also has soft skills to deal with not so knowledgeable people like myself. Communication was outstanding with emails/calls immediately being answered.
Angie Chu
3 years ago
Thank you Reduce Home Loans! If we could give more than five stars, we would. Especially to Ben Ithell whose professionalism and help throughout the entire process was second to none. He is genuinely attentive, caring and a patient customer service/finance manager! We would certainly recommend him to anyone!
Havea Vala
3 years ago
Jonathan Dodd
3 years ago
Amazing experience, I cannot recommend this company or Kurt more. He found a path forward when multiple brokers (at other companies) could not make it work. Kurt does not mess around and I wholeheartedly recommend him if you need to get a loan.
Alex Jenkins
3 years ago
I used Kurt Trendle from Reduce Home Loans when completing my refinance. I found him to be extremely helpful, patient and found the right loan for me. I found the whole process to be extremely easy with Kurt. Thanks again!
Patrick Simonetti
3 years ago
Kurt was excellent to deal with. Great customer service, very helpful and experienced. One of the best rates on the market.
Kate Everett
3 years ago
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.
Patrick Dawson
3 years ago
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 👍
Thanks 👍
Rina W
3 years ago
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!
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!
Dev Govekar
3 years ago
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
Hin L
3 years ago
Zachary has been fantastic through out the whole process.
James Zhang
3 years ago
Kurt was phenomenal, very knowledgable, patient and communicative across the entire process. Can't recommend them highly enough.
Melanie Maclure
3 years ago
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.
Wendy Reeves
3 years ago
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!
Brad Gosbell
3 years ago
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 👍
I cannot recommend Reduce highly enough. 11 out of 10! Keep up the good worm 👍
Richard W
3 years ago
Prompt customer service and staightforward process. Access to great rates. Clear communication. Loan settled without problems and would definitely use them again.
Kumbi M
4 years ago
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!!
Michelle Davis
4 years ago
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.
Goran Maric
4 years ago
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.
Highly recommend. We'll definitely go with them again in the future.
David Elmer
4 years ago
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.
Jon Mcilveen
4 years ago
Just refinanced with Reduce Home Loans. Better interest rates, staff have been nothing but helpful and easy process. Can't ask for more!
Chris Lim
4 years ago
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.
Peta Geake
4 years ago
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.
Amanda Beresford
4 years ago
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.
Matt Hingston
4 years ago
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.
Settle down in your first home
Ready to buy your First Home? No doubt, you’re excited to take the first step in achieving the Australian Dream of owning your own home. There’s no other feeling like settling down in your very own home.
Before you dive in, crunch the numbers or simply give us a call and find how you can achieve a low rate home loan. First Home Buyers can be eligible for the First Home Owner Grant (FHOG). See how much Stamp Duty you could save as a First Home Owner at our Stamp Duty Calculator.
There’s a lot to consider: Variable or fixed? Invest or live-in? Never fear, Reduce is here to guide you every step of the way.
Preparing to buy a home for the first time? Congratulations on achieving the Australian Dream. Searching for, and then moving into, your first home is exciting.
At Reduce Home Loans, we’re here to make sure you get the best home loan for your needs and dreams.
You may be eligible for the First Home Owner Grant (FHOG). Use our Stamp Duty Calculator and find out how much you can save.
Contact our award-winning team with any questions you have about your home loan. Read on for our guide to home loans for first-time buyers.
Which type of home loan is best – Variable rate or fixed rate?
Both types of home loans have their benefits and risks:
Variable rate home loans
As the name suggests, your mortgage interest rate, and your repayments, can vary, normally depending on the lending interest rate determined by the Reserve Bank of Australia (RBA). Your interest rates will be lower than for a fixed-price home loan but you have the risk of your repayments increasing each time the lending rate increases.
Variable Rate Loans
First Home Buyers
Unlock great first home buyer deals with access to over 40 lenders, helping you secure your first home by finding the perfect variable home loan.
Chat to one of our personal finance managers for the latest variable rates for First Home buyers.
Fixed-rate home loans
Your repayments are fixed for a period of 1 to 5 years. Your interest rate is often higher than those with a variable rate home loan but, if the RBA increases the variable lending rate, your payments will be unaffected for the duration of the loan. The risk, with a fixed rate loan, is if the variable interest decreases, your fixed-rate won’t and you could be paying more than if you had a variable rate loan. At the end of the fixed rate loan period, you will normally switch to a variable rate mortgage.
Fixed Rate Home Loans
Unlock great Fixed home loan deals with access to over 40 lenders, securing peace of mind with the perfect loan.
Speak with one of our Personal Finance Managers for the latest rates.
First Home Buyers Guide
Find out more:
- First Home Buyer basics
- Finding the right property
- How to get approved for a home loan
- How to win at the auction
- Avoiding common first home buying mistakes
Investment property or first home for you and your family?
When you borrow the funds to buy a home for the first time, we will always get you the best deal we can. However, there are differences between buying a property as an investment, an asset you hope will generate a rental income and buying a property you intend to live in.
These differences are reflected in various grants and schemes available and the risk rating applied to the loan depending on which type of first-time buyer you are. Make sure you contact our friendly team with any doubts or questions.
Home loans – offers, features and extras
Home loans include many options to make a particular package attractive and to provide you with a great deal. We will simplify some of these here:
Loan to Value Ratio (LVR)
The LVR represents the percentage of the price of the house the lender will provide finance for. As an example, if a house is valued at $200,000 and the lender has an LVR of 80%, they will provide you with $160,000. You will need to provide a deposit of $40,000.
A low LVR often means you will be able to borrow more while a higher LVR means the loan will be offered at a higher interest rate.
Offset Account
An offset account offers you the chance to reduce the amount of interest you pay. You might have your wages paid into an “offset” account. The balance of the offset account is deducted from the outstanding home loan when the interest due is calculated. You will pay less interest on your home loan as long as your offset account has a positive balance
Cash back loans
Cash back home loans, as the name suggests, provide you with a cash sum. The value is calculated as a percentage of the loan amount. You are free to spend the cash for any purpose.
This can be a benefit if you need to buy furniture or spend on home improvements but note these loans often have higher interest rates.
Extra Repayments
Making extra repayments will enable you to clear the loan more quickly. There is normally a maximum amount you may repay each year and be sure to check there are no penalties involved.
Redraw
“Redraw” enables you to withdraw cash up to the value of your extra repayments. Often useful for unexpected or urgent expenses.
Loan splits
You have the option to split the amount you borrow across variable and fixed-rate loans. Your lender may have a set ratio for split accounts (60/40 variable and fixed rate, for example) and note fixed rate accounts will have a higher interest rate and a set duration.
Ask the experts
At Reduce Loans, we want to be sure you get the best value home loan for your circumstances. As a first-time buyer, we understand you will have questions and we are always ready to help.
Want to buy, but haven’t found a place yet?
Get your finance pre-approved and be ready to buy.
Apply for a pre-approvalFirst Home Investment
Unlock great Investment deals with access to over 40 lenders, helping you save more while securing the perfect loan for your first Investment.
Have a chat with one of our Personal Finance Managers about the latest rates.
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