Aussie Home Loans - Compare Your Bank Overview

Unlike most mortgage companies, Aussie Home Loans acts as both a mortgage lender and a mortgage broker at the same time. So if you call into a branch, not only will you be able to avail of their mortgage loans, you will also be able to get a mortgage comparison of other lenders' products to find the best deal for you.

With more than 15 years of experience in the business, Aussie has built up an extensive range of mortgage loan products of its own. So, if you want to get quick quotes from a number of different lenders, Aussie Homeloans is a good place to go for a mortgage comparison. There is no pressure to make a final decision and it will save you a lot of legwork.

Here are some of the more popular mortgage loan products Aussie Home Loans has to offer:

Aussie Basic - This is Aussie Home Loans basic mortgage loan, which comes in a choice of standard variable, basic variable or fixed rate for owner occupiers and investors. While it does attract a $500 application fee and a $100 settlement fee, there are no ongoing monthly fees. Payments can either be made fortnightly or monthly, with the comparison interest rate at 8.49 per cent at the time of writing.

Aussie Premium Plus - This is a special product aimed at those wanting to borrow $200,000 or more. For the most part, it has the same features as the 'Home Loan'. The main benefit of this product is that the more you borrow, the lower the interest rate. The highest rate is currently 8.50 per cent, dropping to 8.30 per cent for mortgage loans over $500,000.

First Home Buyer - This product is tailor made for the first time buyer, and Aussie Home Loans will even help you with your first time buyer grant. Other benefits include discounted mortgage insurance if your Loan To Value ratio is less than 80 per cent; and free building insurance for the first year.

All-in-one - The Aussie Home Loans All-in-one mortgage loan is one of a new breed of mortgage products that allows you combine it with your day to day banking. You avoid account fees, get some free transactions and if you have money in your transaction account it will reduce the interest you pay on your mortgage. If you want to combine all your banking needs this could be the option for you. The interest rate on this product is 8.67 per cent.

Line of Credit - If your home has seen a significant increase in value since you bought it you may want to unlock some of the equity that you have built up. Again, the more you borrow the lower your interest rate will be. Interest rates can range from 8.50 per cent to 8.60 per cent.

The above is just a sample of of the mortgage loans that Aussie has to offer. Other loans include their Investment Loan, Renovation Loan, Business Loan, Land Loan, Construction Loan, Non-Conforming Loan, Express Low Doc and the Aussie Easyloan.

As mortgate lenders go, Aussie Home Loans is a good place to start looking. It offers a very extensive range of products and allows you to access other lenders' mortgage loans as well.