Friends With Money #125: Getting your first home loan

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Gearing up to buy your first home? Chances are you've got a question or two about the process of taking out a mortgage.

On this episode of the Friends With Money podcast, Money's Tom Watson is joined by Daisy Stevens, head of lending operations at digital mortgage broker Finspo, to run through the home loan process for first homeowners They discuss:

  • Is reducing spending or paying off debt important?
  • How long can the process take?
  • What information will borrowers need to provide?
  • How do banks work out how much someone can borrow?
  • What is pre-approval and how long does it last?

friends with money 126 getting your first home loan

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Tom Watson is a senior journalist at Money magazine, and one of the hosts of the Friends With Money podcast. He's previously worked as a journalist covering everything from property and consumer banking to financial technology. Tom has a Bachelor of Communication (Journalism) from the University of Technology, Sydney.

Daisy is head of lending operations at Finspo, a digital-first mortgage broker making home loans simpler for Australians. Her goal is to educate and empower Australians along their home-buying journeys. Daisy is an MFAA Accredited mortgage broker with more than 10 years of lending experience.