Reviews from satisfied (or less than satisfied) customers can tell you a lot about how banks and mortgage lenders do business. However, when it comes to reviewing mortgages, the best home loan reviews may only be accurate for a short period, as most home loans last for decades and may change over time.

How can home loans change?

One of the first home loan features that many borrowers look for in a home loan review is the interest rate. This is almost certain to change over the course of any home loan, as fixed rates revert to variable rates, and variable rates rise and fall to meet the fluctuating market.

Mortgage lenders also update their home loans regularly, adding new loans, retiring old offers, and adjusting the features and benefits that come with each deal. Even if a home loan is reviewed as offering the best value for money when it’s first launched, this review may not stay accurate for long unless it’s updated regularly.

Furthermore, your own personal financial situation is likely to change over time as you grow your family, change jobs, and experience other lifestyle changes. This may mean that when you compare home loan reviews today, what’s currently the best mortgage for your needs may no longer be your preferred option in the future.

Real Time Ratings™

One simple and straightforward way to review home loan options is to compare RateCity’s Real Time Ratings™. This system reviews mortgage offers every day, looking at the cost of interest and fees as well as the flexibility offered by the features and benefits. This gives each home loan a separate cost score and flexibility score, which are combined to provide the final rating.

Real Time Ratings™ are updated daily, so if a mortgage lender raises or lowers its interest rates, or adds or removes home loan features and benefits, the ratings on its home loan offers will change accordingly.

Home Loan Leaderboards

The best-rated home loans in each category are added to our Home Loan Leaderboards, which provide a quick and easy way to compare some of the top-rated mortgages on the market.

To appear on one of our leaderboards, a home loan needs to be one of the top-rated mortgage offers in its category. By comparing the Real Time Ratings™ of similar types of home loans, you can quickly get a better idea of which options may better suit your needs.

Home Loan Gold Awards

If a home loan consistently stays in our leaderboards for six months or more, it may be considered for one of RateCity’s Gold Awards. If you find one of RateCity’s Gold Award badges on a home loan, you can be confident that it’s one of the top-rated mortgage options on our site. Comparing the award-winning loans in each home loan category is a simple way to quickly consider a range of quality mortgage offers.

Before you apply for any home loan, it’s often worthwhile comparing home loan reviews and ratings to make sure you’re choosing a loan that suits your personal financial needs. Be sure to keep checking and reviewing your loan and other offers throughout its loan term, in case an offer that better matches your circumstances comes along for you to refinance with.

Compare popular home loans

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Advertised Rate

2.55%

Fixed - 1 year

Comparison Rate*

3.21%

Company
Adelaide Bank
Repayment

$638

monthly

Features
Redraw facility
Offset Account
Borrow up to 79.9999%
Extra Repayments
Interest Only
Owner Occupied
Real Time Rating™

2.67

/ 5
Go to site
More details
Advertised Rate

2.84%

Variable

Comparison Rate*

2.46%

Company
Athena Home Loans
Repayment

$710

monthly

Features
Redraw facility
Offset Account
Borrow up to 80%
Extra Repayments
Interest Only
Owner Occupied
Real Time Rating™

1.96

/ 5
Go to site
More details
Advertised Rate

2.55%

Variable

Comparison Rate*

2.60%

Company
CUA
Repayment

$1,353

monthly

Features
Redraw facility
Offset Account
Borrow up to 90%
Extra Repayments
Interest Only
Owner Occupied
Real Time Rating™

3.10

/ 5
Go to site
More details
Advertised Rate

3.39%

Variable

Comparison Rate*

3.59%

Company
Pepper
Repayment

$1,484

monthly

Features
Redraw facility
Offset Account
Borrow up to 85%
Extra Repayments
Interest Only
Owner Occupied
Real Time Rating™

2.03

/ 5
Go to site
More details
Advertised Rate

2.84%

Variable

Comparison Rate*

2.68%

Company
Athena Home Loans
Repayment

$710

monthly

Features
Redraw facility
Offset Account
Borrow up to 80%
Extra Repayments
Interest Only
Owner Occupied
Real Time Rating™

1.96

/ 5
Go to site
More details
Advertised Rate

2.74%

Variable

Comparison Rate*

2.74%

Company
UBank
Repayment

$1,382

monthly

Features
Redraw facility
Offset Account
Borrow up to 80%
Extra Repayments
Interest Only
Owner Occupied
Real Time Rating™

2.76

/ 5
Go to site
More details
Product
Advertised Rate

2.79%

Fixed - 3 years

Comparison Rate*

4.46%

Company
CUA
Repayment

$698

monthly

Features
Redraw facility
Offset Account
Borrow up to 90%
Extra Repayments
Interest Only
Owner Occupied
Real Time Rating™

1.71

/ 5
Go to site
More details
Advertised Rate

3.29%

Variable

Comparison Rate*

3.71%

Company
NAB
Repayment

$823

monthly

Features
Redraw facility
Offset Account
Borrow up to 90%
Extra Repayments
Interest Only
Owner Occupied
Real Time Rating™

1.46

/ 5
Go to site
More details
Advertised Rate

2.68%

Variable

Comparison Rate*

2.73%

Company
Heritage Bank
Repayment

$1,373

monthly

Features
Redraw facility
Offset Account
Borrow up to 80%
Extra Repayments
Interest Only
Owner Occupied
Real Time Rating™

3.14

/ 5
Go to site
More details
Advertised Rate

2.17%

Variable

Comparison Rate*

2.20%

Company
Well Home Loans
Repayment

$1,297

monthly

Features
Redraw facility
Offset Account
Borrow up to 80%
Extra Repayments
Interest Only
Owner Occupied
Real Time Rating™

3.95

/ 5
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Winner of Best home loans over 1m, RateCity Gold Awards 2020

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Advertised Rate

2.29%

Variable

Comparison Rate*

2.23%

Company
Athena Home Loans
Repayment

$1,314

monthly

Features
Redraw facility
Offset Account
Borrow up to 80%
Extra Repayments
Interest Only
Owner Occupied
Real Time Rating™

3.63

/ 5
Go to site

Winner of Best newcommer home loan, Best variable, RateCity Gold Awards 2020

More details