Buying your next home
Upgrading, downsizing or relocating, with or without selling first.
Home loans, compared for you.
The right home loan is about more than the lowest advertised rate. We compare 50+ lenders on rate, fees, features and how they assess you, then manage the application through to settlement.
Who it suits
Changing your loan
A better rate, an offset account or a loan that suits how you pay.
First time with a broker
We explain each step, and our service costs you nothing in most cases.
How it works
- Tell us your goals, income, savings and the kind of property you want.
- We work out how much you can borrow with different lenders and what it would cost.
- We recommend a loan and explain why, including features and fees.
- We arrange pre-approval so you can buy with confidence.
- After you buy, we manage formal approval and settlement, and check in each year.
What lenders look at
- Your income and how stable it is
- Your living expenses and existing debts, including credit card limits
- Your deposit and where it came from
- The property itself, its value and location
- Your credit history
Good to know
Offset or redraw?
An offset account reduces the interest you pay while keeping the money in your account. Redraw does something similar but works differently. We explain which suits you.
Fixed, variable or split?
Fixed rates give certainty but limit extra repayments and can have break costs. A split loan gives you some of both.
Pre-approval
Pre-approval shows how much a lender is likely to lend. It usually lasts 3 to 6 months and isn't a final approval.
Common questions
How much deposit do I need?
Usually 20% to avoid lenders mortgage insurance, but many lenders accept 5–10%. Eligible first home buyers can use the 5% Deposit Scheme with no mortgage insurance.
Do you charge a fee?
In most cases no. Lenders pay us a commission when your loan settles. We'll tell you upfront if any fee applies.
How long does approval take?
Pre-approval can take a few days to two weeks depending on the lender. Formal approval after you find a property is often a few days.
Related
General information only, not credit, tax or financial advice. Every lender has its own criteria and approval is never guaranteed.
Talk to us about home loans.
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