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

Variable Rate Home Loans

Variable rate home loans allow you to take advantage of falling interest rates. With a variable rate loan the interest rate you pay on your home loan varies with the interest rate that is set by the reserve bank of Australia, this means that if interest rates fall so does the interest you pay on your home loan. Conversly, the down side is if interest rates rise you will be paying more interest on your home loan. Here we take a look at situations where you would consider taking out a variable rate home loan.

How to become a mortgage broker

So, you want to become a mortgage broker. Before you can start, there are some requirements you will need to meet. Here we provide information on how to start your career as a mortgage broker including mortgage broker training requirements, courses available and ASIC requirements.

Online mortgage calculators help you find the right loan

For borrowers looking for a competitive mortgage in Australia, there are many different home loan options available. So how do you find the best mortgage for your individual needs? Well, you can start by comparing how much your mortgage repayments will be by using our mortgage repayment calculators.

Mortgage brokers in Australia

Mortgage broking in Australia has boomed over the past decade with the growth in more competitive and more complex home loan options. Mortgage brokers in Australia provide a valuable service to many home buyers who do not have the time or means to fully research their home loan options by themselves and employing the help of an expert in the field can be beneficial. Here we provide an overview of the mortgage broker industry in Australia as it becomes increasingly important to consumers.

Interest only home loans lower repayments to suit investors

Interest only home loans are popular among property investors because they allow the investor to make lower monthly repayments on the home loan. This is because unlike other home loans, repayments are made on the interest portion of the loan only. Here we take a look at interest only home loans.