Home loans Perth Reviewed

With house prices on the increase in Perth and other boom towns in Western Australia, it's important to find the cheapest home loan possible. Here we provide some tips on getting the cheapest home loan in Perth.

DOMDocument::loadXML(): Start tag expected, '<' not found in Entity, line: 2

Looking for a great value home loan with super fast approval?

Get Pre-Approval online & get a response in minutes with MyRate.

Over the past ten or more years, the property market in the eastern states has experienced boom times, but while the market has now slowed in places such as Sydney and Melbourne, but the Perth real estate market is booming, thanks largely to increasing demand as a result of the resources sector. Today, the home loan lending market has developed into a highly competitive market place. The traditional bank lenders must now work hard to compete with the new breed of aggressive non bank home loan lenders. This is great news for anyone looking for a home loan.

Choosing the right home loan in Perth

With the huge choice Perth home loan borrowers now enjoy, you need to do your research in order to get the best and cheapest home loan deal for your personal situation. Before deciding, you will need to consider these questions:

Do you want a fixed rate, standard variable rate or split home loan? To help you decide have a look at our article about choosing between fixed rate and variable rate home loans
Do you have a deposit of 20% or more or do you have no deposit saved?
Are you self employed or run your own business?
Do you want a line of credit on your home loan?
Will you deposit your whole salary into your mortgage and redraw funds as required?
Will you be paying extra off your regular monthly repayments? Use of loan repayment calculator to see how much you can save by paying extra repayments per month.

When you answer these questions, you will have a much clearer idea of the type of home loan you are after. You will then find it much easier to compare home loans from different lenders.

Comparing home loans

A good place to start comparing home loans available in Perth is to check the internet. There are a number of sites available that will help you compare similar home loans available from the various lenders. Start by doing a search on cheapest home loans. Also, check out our partners' websites. If the thought of searching through websites comparing loans, interest rates and fees and charges does not appeal to you, then you can seek professional help from a Perth mortgage broker. Be careful here though: when choosing a mortgage broker, make sure that they can source the best Perth home loan for you from a wide range of lenders. If they only deal with a handful of Perth home loan providers, then you may not get the cheapest home loan deal possible.

Another alternative is to go with one of the larger non bank lenders who also offer loans from a wide range of different lenders.

DOMDocument::loadXML(): Start tag expected, '<' not found in Entity, line: 2

Digg this Post page to del.icio.us Post page to Furl

Home Loan Info.com.au

Home Loans Australia

Refinancing Information

Home Loan Information

Mortgage Broker Information

Featured Home Loan Information

Finding a home loan in Melbourne

Are you searching for the right loan for your new home in Melbourne? In the highly competitive market of home lending in Melbourne, there are many options available. Here we look at three of your home loan options: standard variable rate home loans, low doc home loans and loans from non bank lenders.

Negative Gearing Property - How negative gearing works who is it suited too

Over the past decade or so, investing in property has become all the rage in Australia, especially in the larger property markets of Sydney, Melbourne, Brisbane and the Gold Coast. Many budding investors have been attracted by the huge gains that have been achieved thanks to the Australia-wide property boom. Another attractive reason is that of the tax benefits of negative gearing. But is negative gearing into property really a good investment strategy?

Adelaide Home Loans and Mortgage Options Reviewed

Looking for a home in Adelaide? Thinking about home loans and finance, but wondering where to start. Our website is hear to assist you in your search for the perfect Adelaide home loan. Our partners are experienced in helping home buyers, just like yourself in finding the best solution available.

Standard variable home loans

Perhaps the most common type of home loan for Australian home owners is the standard variable home loan. The standard variable interest rate home loan calculates interest charges based on the Reserve Bank of Australia's current official interest rates. Standard variable rate home loans offer greater flexibility than the fixed interest rate home loan option. Here we look at some of the advantages of a standard variable home loan.

Home loans in Darwin

The Top End is booming and likewise Darwin has experienced a huge property boom in recent years. With more and more people moving to the Territory's capital, the choice for home buyers seeking finance has increased greatly. Today, there are many home loan options from both the traditional banks and the newer non bank lenders. While most of us are familiar with the large banks, the non bank lenders are relatively new on the scene. Here we take a look at the non bank lending market in Darwin.