How can I compare my home loan options?
Finding the perfect loan can feel like a maze. That's why almost half of Australians use a mortgage broker to do the hard work for them.
There are literally thousands of home loans out there and it can be difficult to figure out which one is right for you. If you have an existing home loan or a quote for a new one its important to get an expert to compare home loans for you.
When it comes to comparing home loans it's not just about the interest rate. Different loans have different fees, features and repayment options. Sometimes, the loan with a lower interest rate may end up being more costly when you add up all the fees and charges.
When you're comparing home loans you need to make sure you're considering;
- honeymoon rates vs on-going rates
- extra charges such as Lenders Mortgage Insurance (LMI)
- loan features that allow for extra repayments
- any on-going or establishment fees
We can compare over 1,000 different loan products so you can be confident we'll find the right home loan for your unique situation.
Your Loan Market mortgage broker will prepare a detailed comparison of your home loan options based on your current financial position and future goals. Your broker will walk you through the costs associated with each loan and explain how the loan would fit into your financial goals.