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Home Loan News

Refinancing works for most borrowers

Sixty eight per cent of people who recently refinanced their home loan were able to find a loan with a lower interest rate, according to Mortgage Choice. Read full article

Bankwest rewards loyalty with rate discounts

Bankwests new Rate Cutter Home Loan is offering customers up to 0.80 per cent off the standard variable rate if they keep the product for at least four years Read full article

Housing bubble won’t burst

Better than expected retail spending and building approval figures from the Australian Bureau of Statistics cast doubt on the likelihood of a major housing correction Read full article

Is it time to fix the rate on your mortgage?

While there is never any real certainty over which direction interest rates are heading, there is always the possibility of fixing the interest rate on your home loan Read full article

CBA increases mortgage discount rate

Commonwealth Bank has increased the standard variable rate discount from 0.6 to 0.7 per cent on home loans amounts between $500,000 and $750,000. Read full article

More Home Loan News >

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Home Loan Guides

Don’t get caught out with interest rates increases

Your bank just increased your home loan rate by 0.25% (or did they?) How to keep your lender honest Read full article

Prepare for Rate Rise or Risk Needing a Second Job

Leading banking comparison site Infochoice.com.au has warned many Australians are inadequately prepared to cover the rising costs of home loan repayments following the anticipated return to more normal interest rate levels in the coming months. Read full article

How to reduce your bank fees

With several banking products available in the market, and with different terminologies used to describe the nature of the fees charged on these accounts, it is no wonder consumers often get confused or lose track of the fees they are paying. Read full article

What to look for in a reverse mortgage

While reverse mortgages are being touted as the answer to a cash-strapped, home-owning retirees prayers, there are always potential pitfalls to consider. Read full article

High error rates in loan statements

A recent survey found that errors occur in the majority of home loan statements. There is no such thing as a perfect system, mistakes are a fact of life and that's why you should keep a close eye on your home loan or business loan statements. Read full article

Use comparison rates wisely

All lenders must now include "comparison rates" in advertisements for their home loans and personal loans to help consumers get a feel for the true cost of the loan. Read full article

Check your broker is genuine: MIAA

The MIAA says borrowers at any stage of the mortgage process need to be more discerning with the decisions they make and the mortgage professional they use. Read full article

What is a non-conforming loan?

It is important to be aware of the distinction between low-doc and non-conforming loan products. Read full article

What to ask your low-doc lender

Low-doc loans are designed for people who wish to borrow to buy a property but cannot provide the documentation that is generally required for a standard loan. Read full article

Applying for a loan: The criteria

In assessing any loan application, alternative lenders do not rely on the computerised credit scoring methods now widely in place among mainstream lenders. Read full article

More Home Loan Guides >

Choosing a Home Loan

Whether you are a first-time buyer looking for a home loan or looking to refinance your existing home loan, you'll find it easier to find the loan that meets your needs right here.

Finding the right home loan isn't an easy task with thousands of products from hundreds of lenders it can be overwhelming just thinking about. Instead of searching through thousands of websites and sifting through mountains of information we've compiled the important details in a nice easy to digest table format.

To help you find the home loan we've created a search selector which helps narrow down the list of home loans simply by entering loan amount required, fixed or variable, loan purpose you can quickly narrow down your options. If your looking for a specific type of loan on offer you can use our quick links above the selector to go straight to the home loan results pages. With home loans being such a complicated product there are 3 tables for you to look through detailing rates, fees and features of those loans, you can view each of these tables by clicking on the tabs above the tables. If you've found some home loans that you think will suit your requirements you can compare each of these loans side-by-side by selecting the tick box next to each of the loans and click the compare selected button, in this view you will be able to view each of the loans with a full list of details in a side-by-side comparison.

We also offer a direct link to the home loan providers website where you can click through and get in touch with them directly, or if you would like to ask us a question simply fill out our "help me choose" form and one of our home loan experts will get in touch with you to discuss any questions you may have.


Today's Top Home Loan Rates

Institution Product Title Rate (%) Details
Advantage Variable 6.63
Standard Variable Loan 6.87
Standard Home Loan 6.94
SMHL Standard 6.99
RAMS Standard Variable 7.23

Rates for a $250,000 standard loan. Popular loans are from the top 15 leading banks & credit unions. The 3 year tabs show loans that are fixed for 3 years.