My First Home Loan has been specially designed for first home buyers. Its range of benefits are tailored to help first home buyers achieve their dream of home ownership.
Features of a My First Home Loan include:
- discounted variable interest rate, exclusive to first home buyers
- 40 year loan term, which will reduce your regular repayments
- borrow up to 98% of the property value with Lenders Mortgage Insurance premium
- standard fees that we pay¹ for, include:
- application fee
- documentation fee
- valuation fee
- title searches and
- settlement
- split option available – part variable and part 3 year fixed option
- free redraw
- flexible repayments
- repayment pause on the variable portion of your loan
- pre-approved $5,000 Teachers Credit Card in the name of the first borrower
- save up to 10% on new home and contents insurance policies with Teachers Credit Union²
