Best Mortgages

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Best Mortgage

Finding the best mortgage products comes down to individuality. To figure out which home loan suits your needs, look at a combination of home loan features such as interest rates, fixed or variable, fees and extra services such as offset account facilities. To find the best mortgage for you, search, compare and apply at RateCity.

There are plenty of Australian lenders vying for your home loan business so it pays to shop around for the best mortgage for you. Shopping doesn’t have to mean hours on our feet though, as you can now pull up a pew and search online from the comfort of your home.

Whether you are buying a home to live in or as an investment, different mortgages cater to different needs. At RateCity you can carry out a mortgage comparison to compare over 2000 Australian home loans. The home loan types featured on RateCity include:

  • Basic Home Loan: If you are looking for a ‘no frills’ mortgage with low interest rates then a basic home loan might do the trick. What it lacks in features it makes up for in lower interest rates.
  • Fixed Rate Home Loan: If being able to budget around your regular mortgage repayments is a priority then consider a fixed rate home loan. This way your interest rates will be locked in place for a set period and your repayments will remain consistent during this time. You will have the option to fix your rate from one to five years, depending on the lender and your preferences.
  • Variable Rate Home Loan: Variable rate home loans are a popular choice because they offer borrowers more flexibility and generally lower rates than fixed home loans.
  • Low-Doc Home Loan: A low documentation home loan is a great option for self-employed or small business owners who don’t have the suitable paperwork required to prove their income.
  • Interest Only Home Loan: This home loan is particularly attractive for investment property buyers who only want to pay the interest on the balance. It can of course be used for buyers who want to live in the property also, but make sure you do your research to see if it’s a good fit.
  • No Deposit Home Loan: If you don’t have the funds saved for the initial 10 to 20 percent home loan deposit, then you could consider a no deposit home loan. This means that you will be borrowing the full purchase price of the property and as such your loan-to-value-ratio would be 100 percent. As you are borrowing 100 percent of the mortgage you will most likely incur extra charges, in the form of lenders mortgage insurance, which can cost you thousands. Look into the pros and cons of this home loan option before you commit to it.

Don’t fret, while there are many options to choose from this also means there are more lenders competing to win your business. Start searching through our extensive range of home loan products below and compare Australian mortgages side-by-side to find the best fit for you.

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We've found 177 products that match your search

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Company Product Advertised Rate Comparison Rate Application Fees Monthly Repayment Star Rating Go To Site
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Newcastle Permanent Premium Plus Package Residential Fixed 1 yr 4.39% Fixed 1 year 5.75% $0 $1,174.42
Go to Site
loans.com.au Dream Home Loan - Hot Summer Rate 4.49% Variable 4.53% $0 $832.9
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HSBC Residential Fixed 1 yr 4.49% Fixed 1 year 5.33% $600 $832.9
Go to Site
Newcastle Permanent Residential Fixed 1 yr 4.49% Fixed 1 year 5.49% $550 $832.9
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Newcastle Permanent Premium Plus Package Residential Fixed 1 yr 4.49% Fixed 1 year 5.79% $0 $832.9
Go to Site
UBank UHomeLoan 4.62% Variable 4.62% $0 $844
Go to Site
Greater Building Society Ultimate Home Loan Package Standard Fixed 1 yr 4.65% Fixed 1 year 5.24% $0 $846.58
Go to Site
ME Bank Member Package Ultimate Offset Fixed 3 yrs 50k+ 4.69% Fixed 3 years 5.41% $0 $1,245.01 Not Rated Go to Site
Newcastle Permanent Residential Fixed 2 yrs 4.69% Fixed 2 years 5.43% $550 $850.01
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Newcastle Permanent Premium Plus Package Residential Fixed 2 yrs 4.69% Fixed 2 years 5.73% $0 $850.01
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State Custodians Standard Variable Offset 4.69% Variable 4.87% $0 $1,149.01
Go to Site
ME Bank Standard Fixed 3 yrs 4.69% Fixed 3 years 5.22% $0 $850.01
Go to Site
bankmecu Basic Variable Special 4.69% Variable 4.73% $0 $850.01 Not Rated Go to Site
ME Bank Member Package Standard Fixed 3 yrs 40k+ 4.69% Fixed 3 years 5.41% $0 $1,245.01 Not Rated Go to Site
Newcastle Permanent Premium Plus Package Residential Fixed 2 yrs 4.74% Fixed 2 years 5.71% $0 $1,204.32
Go to Site
HSBC Home Value 4.75% Variable 4.75% $0 $855.18
Go to Site
HomeSide Lending HomePlus Fixed LoDoc 1 yr <249k 4.79% Fixed 1 year 5.07% $600 $868.64 Not Rated Details
AMP Bank Intro Fixed 1 yr 4.79% Fixed 1 year 6.01% $0 $868.64 Not Rated Go to Site
nab Choice Package Standard Fixed 1 yr 150k+ 4.79% Fixed 1 year 5.6% $0 $1,253.64
Go to Site
AMP Bank Professional Package Intro Fixed 1 yr 4.79% Fixed 1 year 5.75% $0 $858.64 Not Rated Go to Site
AMP Bank Residential Fixed 1 yr 4.79% Fixed 1 year 6.02% $0 $858.64
Go to Site
nab Private Tailored Pkg Standard Fixed 1 yr 150k+ 4.79% Fixed 1 year 5.91% $0 $1,608.64
Go to Site
AMP Bank Professional Package Residential Fixed 1 yr 40k+ 4.79% Fixed 1 year 5.75% $0 $858.64
Go to Site
Gateway Credit Union Premium Variable 150k+ 4.83% Variable 5.06% $0 $1,111.1
Go to Site
HomeSide Lending HomePlus Fixed LoDoc 2 yrs <249k 4.84% Fixed 2 years 5.06% $600 $872.96 Not Rated Details

Showing 1 - 25 of 177 results

Show: 10 25 50 All Results

Data last updated April 19th, 2014

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The comparison rate is based on secured credit of $150,000 and a term of 25 years. The comparison rate applies only to the example given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees and cost savings such as fee waivers are not included in the comparison rate but may influence the cost of the loan.

Consider whether this general financial advice is right for your personal circumstances. You may need financial advice from a qualified adviser. Read our detailed disclosure here.