Are you confused about the sheer number of home loan products available?

You’ve probably come across so much mortgage jargon that you’re overwhelmed – we hear you!

By choosing us as your mortgage broker, we can compare the many different home loan products from our panel of lenders for you.

Our popular articles on home loan types


Basic loan

Does a basic home loan suit my needs?


100% offset

How does it benefit me?


Fixed rate loan

Can I make extra repayments?


Line of credit

Is a LOC more expensive than an offset loan?


Equity loan

Access your equity to invest or renovate.


Low doc loan

A flexible home loan solution for the self-employed.

What home loan types are available?

Every lender has their own name for each of their home loans. There’s no need to be daunted though because in reality there are only a handful of different loan types.

Call 1300 889 743 or enquire online so one of our brokers can can tell you which loan best meets your needs.

Which one is right for me?

When selecting the type of loan to apply for, you should firstly work out what features you need and which you do not.

The more features your loan has, the higher the interest rate.

This is particularly true for low doc loans, fixed rate loans and line of credit loans (LOCs).

The main things you need to consider are:

  • Do I need to be able to make extra repayments?
  • Do I need to be able to redraw any extra repayments I have made?
  • Do I need easy access to my funds via an offset account or ATM access to my loan?
  • Can I prove my income?
  • Would I like the security of knowing exactly what my repayments are each month?
  • Would I like to be protected from interest rate fluctuations?
  • Is my loan large enough to negotiate a professional discount? (Generally $250,000+)

Find out more

Our mortgage brokers have sophisticated software and deep knowledge to help you choose the most suitable home loan.

Why waste your time researching online when you can call us on 1300 889 743 or enquire online and let us do the hard work for you!

  • Hudson

    I’m applying for a home loan with CBA in the coming month, however I am not sure whether I should fix the rate or not. Can someone explain whether it will be good for me or not.

  • Hi Hudson,

    It all depends entirely on your need for the cashflow and your other requirements. Usually fixed rate loans give you the security and certainty of knowing your each repayment amount, however you may be charged for making early repayments.

    Please refer our to know more about fixed rate loans.

  • omega

    Will business loans be assessed like commercial property / investment loans or are there other methods?

  • Hey omega,
    With business loans, banks are generally less strict with their lending requirements. as they’re not regulated by the National Consumer Credit Protection (NCCP) act. However, to qualify, you’ll need a strong application and a strong business. Please check out the business loans page to find out more about this:

  • Abe

    Do Citibank and AMP bank offer any offset account products?

  • Hi Abe,
    Citibank offer offset accounts with their mortgage plus package home loan and AMP offers professional & basic loans with offset accounts.

  • Me

    is it possible to buy a house overseas with a home loan, personal loan or equity from an existing loan with an Australian bank?

  • Yes this is possible however many Australian banks will not accept a loan for this purpose. We can help if you have a property in Australia that you’d like to refinance to release equity to invest overseas.

  • JLogsdon

    Hello, I am an electrical engineer and want to know if I can get a no LMI home loan. I have a $138,000 income, more if rental income can be added.

  • Hi JLogsdon
    Rental income can be considered but to qualify for a no LMI home loan, your income must exceed $150,000 per annum. This way, you can borrow up to 90% of the property value with waived LMI. If you can’t qualify for this then there are still some lenders that can offer LMI waivers for up to 85% of the property value and we can help you negotiate an interest rate discount with this too.

  • Graham

    Hi, I initially just wanted a basic home loan type but now am very much interested in getting a professional package with maybe an offset account so I can pay it off faster. The only thing that worries me is my living expenses. How do lenders calculate this? Can I get an estimate of what they’ll use when assessing?

  • Hey Graham,

    Most Australian banks use the Household Expenditure Measure (HEM) when assessing your borrowing power for a mortgage application. You can get an estimate for this yourself by using the living expenses calculator. However, do note that the result should be used as a general guide only, as your living expenses can vary significantly depending on how you choose to spend your money. Here’s the link to the calculator:

  • Lisa

    My husband and I are wanting to build our first home with the Metricon Homes brand, Home Solutions. My husband has casual employment, with steady work every week, where he works full time hours, and he has been in his job for over 12 months. I, on the other hand, am employed permanent part time, my hours fluctuate from week to week on a cycled roster, I have been in my job for 10 months and will soon be taking Maternity Leave (I will have been in my job 12 months by the time this happens). We have over $3,000 sitting In an account for a deposit (the asking deposit is $2,000). Just some advice needed though. How likely is it that we could obtain a home loan?

  • Hi Lisa
    Maternity leave will be ok with some banks if you can show how you’ll pay the loan while in leave.
    However you’ll need a larger deposit to buy the land and build. What you’ve been quoted is enough to secure the building contract but wouldn’t cover the shortfall between what the builder needs and what the bank would lend.
    A guarantor loan may work for you. You can use the search tool on our website to find a lot of info about this.

  • Lisa

    I am guessing this is why we need to be eligible for the Home Saver program they implement…

  • Rafael

    Will banks charge extra fees for the offset facility?

  • Hi Rafael,
    The bank will provide a free offset facility only under their professional package, wherein the package cost will cover the monthly full offset service fee. Hence, if you have more than one offset account, you will have to pay a monthly offset service fee (it depends on the lender; $10 per additional offset account in case of SGB and CBA). If not under a package, you will have to pay one time fee for setting up offset account and monthly service fees too. You could get more info about offset facility here

  • Anney

    I understand not all finance brokers are equal, meaning some are better on meeting customers’ need rather than just getting home loans for customers. Thinking of changing finance broker, what differentiate homeloanexperts to others please? e.g. advise on property investment (loan) portfolio.

  • Hi Anney,
    We, here at Home Loan Experts not only help you get a home loan. Instead, we assess your situation and compare loans suitable for you and make the home loan process easy and stress-free for you. Plus, we’ve strong relationships with several banks and can negotiate pricing discounts for you, however, we’re restricted to provide you with financial advice. Call us on 1300 889 743 or fill our free online assessment form and find out how we can help you.

  • Anney

    Cool. The bank usually says dealing with bank directly gives customers several advantages e.g. faster response (rather than through broker, then broker contact bank), bank has access to customer’s data directly, bank can give ‘discount’ actually more discount since no commission paid to broker. Application process much faster when direct direct with banks. Bank offers a complete one stop linking your business loan, saving account etc to home loan with offset account.
    What do you say about that? (I don’t work for banks by the way).

  • Yeah, it may be true to some extent but dealing with a mortgage broker doesn’t necessarily slow the deal. Moreover, we do all the legwork for you and you don’t have to deal with them for anything. And, we have a dedicated customer service team who’ll look your loan even after your loan has been settled and make sure it’s competitive.