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How Daniel and Lisa bought their first home with Lendi

Meet first time buyers, Daniel and Lisa.

Daniel and Lisa live in the Mid North Coast of New South Wales. They were renting when they decided to buy their first property.

Daniel had heard about Lendi when he went online in search of the lowest rate he and Lisa could qualify for to buy their first house together. He then contacted three local banks in the area to compare their offers.

Did you get a good deal?

“My regular bank, that I bank with everyday, couldn’t match what Lendi wanted to give us. The rate I got with Lendi was 1% better than I could get anywhere else,” says Daniel. “With the money I saved, I am able to pay my home loan off quicker.”

[Our Home Loan Specialists] were really helpful and we could contact them any time,” says Lisa. “They got back to us really quickly with everything we needed. Anything we needed help with, they sorted it out”.

How long did the process take?

“From initial contact to final approval I would say it would have been about a month” Daniel says. Daniel and Lisa were able to buy a house in a “beautiful community” close to beaches, shops and a golf course.

How does it feel to finally own a home?

“It feels amazing,” says Lisa. “I’m finally able to do whatever I want. I don’t have to pay rent. We’re kind of living the Australian dream now. We have our own house. Something we can call ours.”

Looking to buy your first home? Answer a few questions here to see personalised home loan options and monthly repayments instantly.

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Tags: low interest, first home buyer, first property, interest rate, settlement

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Important legal stuff

Lendi is the trading name of Lendi Pty Ltd (ACN 611 161 856), a related body corporate of Auscred Services Pty Ltd (ACN 164 638 171, Australian Credit Licence 442372). We will never sell your email address to any third party or send you nasty spam, promise.
# Quoted rate applies only to PAYG loans with LVR of 80% or less with security in non-remote areas. All applications are subject to assessment and lender approval.
Lendi is a privately owned and operated Australian business. Our mission is to change the way Australians get home loans by providing a faster, smarter and more secure home loan experience designed around the customer’s convenience and needs. Although Lendi compares over 1600 products (2,500+ products including feature and pricing variations) from more than 35 lenders, we don't cover the whole market or compare all features and there may be other features or options available to you. While Lendi is 35% owned by founders and employees, we have also been supported by some great minority shareholders including Bailador, Macquarie Bank Ltd and a number of Australian sophisticated investors. Lendi's board is majority independent and non-executive.
WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. The comparison rates are based on a loan amount of $150,000 over a loan term of 25 years. Fees and charges apply. All applications are subject to assessment and lender approval. Quoted rate applies only to PAYG loans with LVR of 80% or less with security in non-remote areas. All applications are subject to assessment and lender approval.
IMPORTANT INFORMATION: Loan terms of between 1 Year and 40 Years are available subject to lender and credit criteria. Maximum comparison rate will not exceed 14.99% (see comparison rate warning above). Any calculations or estimated savings do not constitute an offer of credit or a credit quote and are only an estimate of what you may be able to achieve based on the accuracy of the information provided. It doesn't take into account any product features or any applicable fees. Our lending criteria and the basis upon which we assess what you can afford may change at any time without notice. Savings shown are based on user inputted data and a loan term of 30 years. All applications for credit are subject to lender credit approval criteria.
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