Stop Waiting for a 20% Deposit — Get Into Your First Home in 2026.
Demystifying the "80% Rule" and Lender’s Mortgage Insurance so you can stop renting and start owning sooner.This brief guide outlines the fundamental mechanics of how a property loan works, highlighting the key concepts every homebuyer needs to understand before approaching a bank.
1. The Basic Loan Process
When you decide to buy a property, the relationship with the bank follows a standard path:
2. The Risk and the 80% Mark
The more money a bank lends against a single property, the riskier the loan is for them.
To manage this risk, banks operate with a specific safety threshold.
3. Lender’s Mortgage Insurance (LMI)
Because many people cannot afford a full 20% deposit, banks have a system to get around this
gap while still protecting themselves. This is where Lender’s Mortgage Insurance (LMI) comes in.
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The data above is just the beginning.
Our full 2026 First Home Buyer Masterclass PDF Guide
deep-dives into the “fine print” you need to know
to actually get approved and achieve your dream home.
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Hello! I’m Will Bell.
I’ve spent almost 20 years helping Australians secure home loans.
Over that time, I’ve realised something—first homebuyers don’t just need information. They need someone to break things down simply and guide them step-by-step.
Because let’s be honest… deposits, LMI, approvals—it can all feel overwhelming.
That’s why I started my brokerage: to help everyday people buy their first home with clarity and confidence.
If you’re planning to buy your first home and want the right guidance from the start, schedule a call with me and I’d love to help.
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