Residential mortgage lenders are financial institutions that lend money to an individual and not a company. Most mortgage lenders today can provide home loans for individuals purchasing their own home or an investment property.
A mortgage lender will determine whether the borrower meets all of the strict lending criteria to be approved for a home loan, they will provide all the paperwork for the application to be signed as well as organise for the funds to be transferred to the borrowers account as per the agreement.
RateCity has information on more than 100 mortgage lenders offering thousands of home loans. To find some of the lowest interest rates for your mortgage, check out the table to the right.