Mortgages

In many cases, a mortgage will just be referred to as a home loan. There are many different home loans available in Australia, and below you will find a good selection so that you can find the one which suits you best. You'll find there are Variable, Standard, Fixed Rate, Non Conforming Loans and more mortgages. Mortgages vary, so the best one for you depends on your personal situation, income, home value and even age! Take your time when choosing between mortgages and compare the various offers and features with each one. You might find that some mortgages offer cheaper rates but that others may carry better additional features which you might find useful or attractive. Please read the terms and conditions of each mortgage carefully before you apply.

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COMPANYTYPE

TYPE

Type of mortgage available

LENDER

LENDER

Lender / Broker

INITIAL RATE

INITIAL RATE

Initial rate of interest on the loan

LENGTH

LENGTH

Period of time over which you can borrow

VAR RATE

VARIABLE RATE

A mortgage with a variable interest rate

COMP RATE

COMPARISON RATE

Comparison rate mortgage

MIN

MIN

Minimum amount you can borrow

MAX

MAX

Maximum amount you can borrow

FEES

FEES

Mortgage fees included

FEATURES

FEATURES

Extra features of the mortgage

MORE INFO

St.George Basic Home Loan
St.George Basic Home Loan

Standard VariableLender7.08%p.aN/A7.09%p.a.7.27% p.a.$1,000$5,000,000Set Up

Set Up Fees

$0 ( Limited Offer)


Annual

Annual Fees

$0.00


LTV

LTV

Calculator available

No

Features

Features include reducing or avoiding Lenderís Mortgage Insurance when a family member provides additional security for part of your loan, redraw, repayment pause and more!

Free Redraws: Yes
Splitting: Yes

Features include reducing or avoiding Lenderís Mortgage Insurance when a family member provides additional security for part of your loan, redraw, repayment pause and more!

St.George Basic Home Loan
Enjoy no monthly fees and a lower interest rate with a Basic Home Loan from St.George. For a limited time receive 7.08% p.a variable rate on loans over $250,000, pay no establishment fee and receive $700 towards switching costs. Apply online and a St. George home loan expert will contact you at your preferred time. Please make sure that you read all of their terms and conditions in detail before you apply so that you thoroughly understand your obligations. If you have any questions contact their customer support team. DETAIL INFORMATION >>Services

Services

1. Ability to increase loan amount.
2. Redraw facility.
3. Repayment pause.
4. Family pledge.
5. Deposit and protect bond.


Advantages

Advantages

1. Australia's Home Lender of the Year
2. No monthly administration fees
3. Competitive interest rate
4. Flexible repayment options
5. Convenient redraw facility


Disadvantages

Disadvantages

1. Higher interest rate is higher for standard variable loans than basic loans because they usually offer additional features
2. Repayments rise when official interest rates rise
3. Establishment Fee usually $500

St.George Introductory Rate Home Loan
St.George Introductory Rate Home Loan

First HomeLender6.64% (Fixed rate)12 Months7.10% p.a.7.88%p.a.$1,000$5,000,000Set Up

Set Up Fees

$600


Annual

Annual Fees

$10 p.m


LTV

LTV

Calculator available

No

Features

Discounted variable interest rate under this loan is available if you are eligible for, and take out, the Advantage Package. Learn more about the Advantage Package5

Free Redraws: Yes
Splitting: Yes

Discounted variable interest rate under this loan is available if you are eligible for, and take out, the Advantage Package. Learn more about the Advantage Package5

St.George Introductory Rate Home Loan
If you are buying your first home, The St.George Introductory Rate home Loan helps to make life easier for you. You will receive a low introductory rate and for a limited time, you will receive $700 towards switching costs. At the end of the 12 month discounted rate period, the interest rate automatically reverts to the Standard variable Rate or Fixed Rate Home Loan. Please make sure that you read all of their terms and conditions in detail before you apply so that you thoroughly understand your obligations. DETAIL INFORMATION >>Services

Services

1. Choose to pay weekly, fortnightly or monthly.
2. Choose a variable interest rate or a fixed interest rate


Advantages

Advantages

1. Ideal for first home owners or new St.George home loan customers
2. For a limited time, $700 dollars towards switching costs
3. A lower discounted interest rate1 - your choice of fixed2 or variable interest rate - for 12 months following your first draw down
4. At the end of the 12 month discounted rate period, the interest rate automatically reverts to the Standard Variable Rate alternatively, you can switch to a Fixed Rate Home Loan
5. If you choose this loan with a fixed rate and are eligible, it will be packaged with a selected credit card and transaction account. Learn more about the Advantage Package
6. Discounted variable interest rate under this loan is available if you are eligible for, and take out, the Advantage Package. Learn more about the Advantage Package.


Disadvantages

Disadvantages

1. One-year introductory period. At the end of the introductory period, the interest rate converts to the Standard Variable Rate.
2. There is a monthly administration fee

St.George Standard Variable Rate
St.George Standard Variable Rate

Standard VariableLender6.48 % p.a.1 year7.18 % p.a.0.00 p.a.$150,000$249,999Set Up

Set Up Fees

$600.00


Annual

Annual Fees

$10 p.m


LTV

LTV

Calculator available

No

Features

The Comparison Rate depends on:
1. Loan amount
2. The term of the loan
3. The repayment frequency
4. Interest rate
5. Fees and charges connected with the loan excluding both government charges (such as stamp duty or mortgage registration fees) and those that are not evident at the time the Comparison Rate is provided.

Free Redraws: Yes
Splitting: Yes

The Comparison Rate depends on:
1. Loan amount
2. The term of the loan
3. The repayment frequency
4. Interest rate
5. Fees and charges connected with the loan excluding both government charges (such as stamp duty or mortgage registration fees) and those that are not evident at the time the Comparison Rate is provided.

St.George Standard Variable Rate
The Standard Variable Rate Home Loan offered by St.George gives you complete flexibility with a full range of features. The interest rate on this loan will move up and down with changes to rates in financial markets. Mortgages do tend to fluctuate in this way. You get a convenient redraw facility and flexible repayment option. Please make sure that you read all of their terms and conditions in detail before you apply so that you thoroughly understand your obligations. If you have any questions contact their customer support team. DETAIL INFORMATION >>Services

Services

1. You can use to pay weekly, monthly and yearly
2. Applying to more funds is simple
3. This loan can be used for building


Advantages

Advantages

1. Flexible repayment options
2. 100% interest offset facility to help you save interest on your home loan
3. Convenient redraw facility
4. Make additional payments at any time
5. Set up convenient automatic repayments from your nominated account
6. Reduce or pause your home loan repayments for a period of between 3 to 12 months during a period of legitimate leave from the workforce


Disadvantages

Disadvantages

1. Subject to Bank approval. A fee applies for each approved request

If you wish to speak to someone: Contact Us

Compare Mortgages

Mortgages for buying or refinancing your home

Getting a mortgage is the first step to owning your own home

Why do you need a mortgage?

A mortgage is a type of loan used to finance your own property, as hardly anybody will be able to pay for a house or flat in cash. Depending on your personal situation and how much you can afford, different types of mortgages are available.

Different types of mortgages

There are mortgages with so-called introductory rates, which mean that you can pay lower interest rates to start with in the first few years.

Normally you would take out a Standard Variable Rate Home Loan where the interest rate depends on movements in the market.

Another type is the Fixed Rate Home Loan with interests which are independent from movements in the market. The interest rate is fixed.

If you have a poor credit rating it is likely that you will be given a loan with a higher interest rate because lenders see you as more of a risk.

For people over a certain age a Reverse Mortgage offers money against the value of their property.

Which mortgage is right for me?

Before applying for a home loan, you need to assess your own financial situation, and see how much your finances can cope with a change of interest rates. If do not want to take the risk, it might be better to take a fixed rate loan Ė you have a clearer picture, but of course won't benefit from positive changes on the market.

How to find the right home loan

Before taking out a home loan, it is important to get as much information as you can and carefully compare different lenders and their fees and rates. In order to do this you should study the different features and conditions which you can do so in the table above.

How to compare secured loan?

When comparing the various loan providers on the market you must ensure you are fully aware of the fees, charges and monthly repayments. If you are not able to make the monthly payments then you could find your house or car is repossessed. If you are in any doubt then you should seek advice. Ask yourself, how much will I need to repay each month? What is the APR? What could I lose if I default on my payments?

Mortgages - Latest News News and Charts

Non-bank lenders hold market share of mortgage and home loan lending

20 December 2013
Which Way To Pay

As the home loan market continues to soar, smaller, non-bank lenders are securing a large share of mortgage customers.

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Investec to offer bespoke personal banking solutions including credit cards, car loans and mortgages

05 December 2013
Which Way To Pay

As part of Investec's new offering, the bank will offer bespoke personal banking solutions for advisers including residential mortgages and investment property, car loans and premium credit cards.

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New foreign exchange broker on Which Way To Pay Australia: TorFx for private customers

21 October 2013
Which Way To Pay

If you need to transfer a large sum of money abroad TorFx Foreign Exchange brokers can offer a far better exchange rate than any bank can offer

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Britain's biggest mortgage lender to be bought out by one of Australia's big banks

03 September 2013
Which Way To Pay

Westpac makes preliminary bid for Lloyds Banking Group Plc's (Britain's biggest mortgage lender) Australian assets.

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Mortgage demands outpace other forms of credit and reaches 3 year high

03 August 2013
Which Way To Pay

Veda announces mortgage applications have surged by an annual rate of 6.9% suggesting better housing market conditions

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