Guides

Straight-talking guides to getting a loan

Name: Greenwood Finance
Address: PO Box 8, Bexley, NSW, 2207, AU
Telephone: 0499 323 777
Price range: Free

No jargon, no fluff. Just clear answers to the questions clients ask me most, from your first home to your next investment.

Loan basics

How Much Can I Borrow for a Home Loan?

It's the first question almost everyone asks me, and the honest answer is: it depends. Here's what actually drives the number, and what you can do to move it.

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Refinancing

How to Refinance Your Home Loan (and When It's Actually Worth It)

Most people set up a home loan once and never look at it again. Meanwhile the lender quietly leaves them on a rate they'd never offer a new customer. Here's how to check if you're one of them, and what refinancing actually involves.

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Loan basics

How Much Deposit Do You Really Need to Buy a Home?

Everyone quotes 20 percent, and then they stop there. The truth is there are several ways into a home with less, and there are costs on top of the deposit that catch people out. Let's get the full picture.

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Loan basics

Lenders Mortgage Insurance Explained (and How to Pay Less of It)

LMI is one of the most misunderstood costs in a home purchase. People assume it protects them. It doesn't. Here's what it actually is, what drives the price, and the legitimate ways to pay less.

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Rates & the market

Fixed vs Variable Home Loan Rates: How to Choose

There's no universally right answer here, and anyone who tells you otherwise is guessing at where rates go next. What there is: a clear set of trade-offs. Once you understand them, the choice usually makes itself.

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First home buyers

First Home Buyer Schemes in NSW: What Help Is Out There

There's more help for first home buyers than most people realise, and it's spread across a few different schemes that don't talk to each other. Here's the lay of the land, and how to find out what you may qualify for.

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Investing

Buying Your First Investment Property: How to Structure the Loan

Your first investment loan isn't just a bigger home loan. How you structure it affects your tax, your cash flow and how easily you can buy the next one. Here's what I walk clients through, from someone who owns a few himself.

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Loan basics

Offset vs Redraw: Which One Actually Saves You More?

Both let you use spare cash to cut the interest on your home loan, and people use the words as if they mean the same thing. They don't. The differences are small on paper but can matter a lot in practice.

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Investing

How to Use Your Home's Equity to Buy an Investment Property

Most people who buy a second property don't save a fresh cash deposit. They use the equity already sitting in their own home. Here's how that actually works, and how to set it up so it helps your next move instead of tangling everything together.

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Investing

Debt Recycling Explained: Turning a Home Loan Into Deductible Debt

Debt recycling gets talked about like a secret trick for high earners. It isn't magic, and it isn't for everyone. It's a structure that gradually turns your non-deductible home loan into deductible investment debt. Here's how it actually works, and where it can bite.

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Investing

Negative vs Positive Gearing: What They Mean for Property Investors

Gearing just means borrowing to invest. Whether it's negative or positive comes down to one thing: does the rent cover the costs, or not? Here's what each means for your cash flow and your tax, plus the changes announced in 2026 that every investor should be across.

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Loan basics

Bridging Finance Explained: How to Buy Before You Sell

You've found the next home but you haven't sold the current one. A bridging loan can let you buy first and sell after, so you don't miss out. It's a genuinely useful tool, but it needs to be used with your eyes open. Here's how it works.

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First home buyers

Guarantor Home Loans Explained: How Family Can Help You Buy

A guarantor loan is how a lot of first home buyers get in years earlier than they otherwise could. A parent uses the equity in their home as extra security, and suddenly a small deposit is enough. It's generous, and it's powerful, but it's a serious commitment for the person helping. Here's the full picture.

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First home buyers

The Real Upfront Cost of Buying a House in NSW

Almost everyone budgets for the deposit and forgets the rest. Then the costs on top land all at once and the maths gets tight. Let's lay out every upfront cost of buying a house in NSW, so nothing catches you out at settlement.

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Loan basics

How to Get Home Loan Pre-Approval (and Why It Matters)

Pre-approval is what turns you from a browser into a buyer. It tells you your real budget, and it tells sellers and agents you're serious. Here's how to get it, what it does and doesn't mean, and how to keep it solid until you find the place.

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Loan basics

Self-Employed Home Loans: What Documents You Actually Need

Being self-employed doesn't mean you can't get a sharp home loan. It just means the paperwork is different, and the lender you choose matters more. Here's exactly what's needed, how lenders read your income, and what to do if your latest year looks stronger than your last.

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Loan basics

Interest-Only vs Principal and Interest: Which Repayment Suits You?

Every home loan repayment is one of two types, and the choice quietly shapes your cash flow for years. Interest-only keeps repayments low but you're not reducing the debt. Principal and interest costs more now but chips the loan down. Here's how to pick.

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Loan basics

The Construction Loan Process, Step by Step

Financing a build is not the same as buying an existing home. Instead of one lump sum at settlement, the money is released in stages as your house goes up, and you only pay interest on what's been drawn. Here's how the whole process runs, and where it catches people out.

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