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Make your home loan portable
When comparing home loans, an important feature to consider is home loan portability. Many home loans offer loan portability as a standard option available, which is the ability to move your loan from one property to another. It also helps the financial institution retain you as a customer when they offer easy loan portability.
Most people change properties more than once over the course of a typical 25-year loan term and loan portability allows you to keep the same home loan to avoid cancelation fees and establishment charges for a new home loan. By keeping your loan from one property to the next, you could also save money on stamp duty as well as other possible fees and charges, plus the effort required to transfer a home loan.
It is worthwhile considering the option of loan portability when you are choosing a home loan if you plan on upsizing or downsizing over the term of the loan.
Use Australia’s leading home loan comparison service, RateCity.com.au to compare fixed home loans, variable rate home loans or just find out more information with our helpful and informative home loan guide and Australian mortgage calculator.
Disclaimer
This article is over two years old, last updated on January 4, 2010. While RateCity makes best efforts to update every important article regularly, the information in this piece may not be as relevant as it once was. Alternatively, please consider checking recent home loans articles.
Compare home loans in Australia
6.30%
6.63%
$3,314
Australian Credit Licence 443249
Fees & charges apply
- 2024 Award Winner
- Special
- Owner Occupied
- Variable
- 2% min deposit
- P&I
5.99%
5.90%
$3,218
Australian Credit Licence 234945
Fees & charges apply
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- Special
- Owner Occupied
- Variable
- 20% min deposit
- P&I
6.14%
6.17%
$3,264
Australian Credit Licence 237391
Fees & charges apply
- 2024 Award Winner
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- Variable
- 20% min deposit
- P&I
5.99%
6.04%
$3,218
Australian Credit Licence 393283
Fees & charges apply
- Owner Occupied
- Variable
- 50% min deposit
- P&I
7.36%
7.41%
$3,650
Australian Credit Licence 230686
Fees & charges apply
- Investor
- Variable
- 10% min deposit
- P&I
6.01%
6.14%
$3,225
Australian Credit Licence 237879
Fees & charges apply
- Special
- Owner Occupied
- Variable
- 10% min deposit
- P&I
6.30%
6.63%
$3,314
Australian Credit Licence 443249
Fees & charges apply
- Owner Occupied
- Variable
- 2% min deposit
- P&I
6.15%
6.17%
$3,268
Australian Credit Licence 237502
Fees & charges apply
- Owner Occupied
- Variable
- 40% min deposit
- P&I
6.19%
6.54%
$3,280
Australian Credit Licence 234517
Fees & charges apply
- Owner Occupied
- Variable
- 40% min deposit
- P&I
6.99%
7.00%
$3,531
Australian Credit Licence 395219
Fees & charges apply
- Investor
- Variable
- 30% min deposit
- P&I
6.23%
6.38%
$3,292
Australian Credit Licence 244616
Fees & charges apply
- Cashback
- Owner Occupied
- Variable
- 20% min deposit
- P&I
6.59%
6.60%
$3,404
Australian Credit Licence 233714
Fees & charges apply
- Cashback
- Owner Occupied
- Variable
- 5% min deposit
- P&I
Product database updated 19 Apr, 2024
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Promoted home loans
Ultra Low Rate (Variable) - <98% LVR - No LMI (New Purchases)
Real Time Rating™
- 2024 Award Winner
- Special
- Owner Occupied
- Variable
Interest rate p.a.
6.30%
Comparison rate* p.a.
6.63%
Australian Credit Licence 443249
Fees & charges apply
Variable Rate Home Loan LVR < 80%
Real Time Rating™
- 2024 Award Winner
- Special
- Owner Occupied
- Variable
Interest rate p.a.
5.99%
Comparison rate* p.a.
5.90%
Australian Credit Licence 234945
Fees & charges apply
Budget Home Loan
Real Time Rating™
- 2024 Award Winner
- Cashback
- Owner Occupied
- Variable
Interest rate p.a.
6.14%
Comparison rate* p.a.
6.17%
Australian Credit Licence 237391
Fees & charges apply
Executive Saver Home Loan
Real Time Rating™
- Owner Occupied
- Variable
- 50% min deposit
- P&I
Interest rate p.a.
5.99%
Comparison rate* p.a.
6.04%
Australian Credit Licence 393283
Fees & charges apply
Product data updated on 19 Apr 2024