When looking to select a home mortgage loan, there’s a sea of options available. Here’s a breakdown of the most common types of home loans available to borrowers.

Variable rate loans: the go-to option for many homebuyers. Interest rates change depending on the Reserve Bank’s cash rate. Many variable loan products have a redraw facility, offset account and extra repayments facility.
Fixed rate loans: this type of loan locks in your interest rate for a set period at a rate above the current variable rate. Borrowers who worry about affordability may prefer having a set rate.
Interest only loans: popular with property investors, it allows you to own your own abode without much in your piggy bank.
Low deposit home loans: with some extra interest and costs, homebuyers can access the real estate market with lower savings.

Before selecting your home loan, don’t forget to seek professional advice from an independent mortgage broker or financial advisor. Why not have a look through our online directory for easy home loans near you.

mobilelender.com.au | Nalin Shanaka

Mortgage Brokers, Lilydale, VIC 3140

Smart Start Finance

Mortgage Brokers, Chirnside Park, VIC 3116

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RCR Finance Pty Ltd

Mortgage Brokers, Croydon, VIC 3136

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280A Maroondah Hwy, Croydon, VIC, 3136

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9.01km

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Yarra Valley Lending

Mortgage Brokers, Mooroolbark, VIC 3138

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Aqua Financial Services

Home Loans, Eltham, VIC 3095

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20A Commercial Pl, Eltham, VIC, 3095

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12.28km

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Cash Converters Pty Ltd

Home Loans, Ringwood, VIC 3134

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Shop 37, Ringwood Square Shopping Centre, Ringwood, VIC, 3134

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13.71km

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Finance First

Home Loans, Diamond Creek, VIC 3089

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16 Somali Cl, Diamond Creek, VIC, 3089

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12.11km

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Choice Home Loans

Home Loans, Eltham North, VIC 3095

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217 Progress Rd, Eltham North, VIC, 3095

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12.22km

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Danber Financial Services

Home Loans, Ringwood, VIC 3134

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3A/ 37 Seymour St, Ringwood, VIC, 3134

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14.06km

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Finance Allsorts

Mortgage Brokers, Croydon, VIC 3136

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Open by appt

Brokers assisting people just like you - First Home owner, home upgrade, investment property, renovation, land & build, cheap interest rate, FHOG, bad credit

64 Hillside Dr, Croydon, VIC, 3136

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12.09km

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Clive Lawrence Lending Pty Ltd

Mortgage Brokers, Donvale, VIC 3111

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Open 24 hours

27 Glenvale Rd, Donvale, VIC, 3111

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13.65km

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Abbas Khorakiwala & Priyank Dubey Loan Market

Home Loans, Nunawading, VIC 3131

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Unit 36 41-49 Norcal Rd, Nunawading, VIC, 3131

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16.45km

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Pillar Stone Consulting

Home Loans, Box Hill, VIC 3128

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Open until 6:00pm

I am mortgage broker with over 10 years experience. I will help find solution to meet your funding requirements and structure it in the way suits you.

Unit 403 991 Whitehorse Rd, Box Hill, VIC, 3128

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19.33km

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