Review over 1000 home loans from over 20 lenders
Once you receive your results, our Home Loan consultant will be in touch to offer a free consultation with a qualified mortgage broker, to discuss your options further and discuss how you can achieve your financial goals.
1300HomeLoan is a leading broker network with local brokers who run owner-operated businesses. No matter where you're located, 1300HomeLoan's dedicated and professional team can help.
By getting the right loan you can save thousands in interest repayments and own your home sooner.
Are you self-employed, have bad credit, our simply don't fit a lending banks criteria. Call 1300 HOME LOAN (1300 466 356) today.
Comparing home loans is a difficult task, especially with rates that regularly change and different loans for different situations. The compare home loans team has worked hard to make it easier to compare home loans in just two quick and easy steps.
The compare home loans website also provides free advice including our home loan guide and the application process. If comparison steps are still too daunting you can find a mortgage broker in your area which can find the best home loan for you.
The compare home loans engine works on the different algorithms that banks and financial institutions use to determine the mortgage products and rates they will offer to different segments.
One of the main factors what the mortgage will be used for such as an investment, for your first home or to refinance. This can determine in part the risk factor of the loan which can leads to adjustments when it comes to deposit rates and the associated rate of the loan.
Rates can vary depending on the loan purpose. Lenders will sometimes apply different rates depending on whether the loan is being used for investment purposes, for your first home or to refinance an existing loan. The location of the property itself can also effect the amount you are able to borrow or the deposit required. In many cases a property valuation by the bank will be needed to finalise the mortgage amount.
The features of a loan are another important consideration (especially an offset facility or Line of Credit) however additional features can also effect the interest rate on your loan.
Overall, it's important to be as truthful as possible when providing your details as the lender will require proof of all these factors when it comes to securing the final home loan selected.