Choosing a home loan lender

There's a lot to choose from, and many mortgagees simply go with who they know. Here are Mozo's top tips for choosing a home loan lender...

1. Decide how much to borrow. Hopefully you've done this already. If not, check out our borrowing calculator.

2. Decide what features you need. Home loan providers usually charge you for various features - by upping the interest rate. So before you select a redraw facility, make sure you actually need it.

3. Search the market. Sounds brutal. Takes seconds. Mozo lets you compare different types of mortgage with ease -

variable, fixed and split rate home loans

no fees and low fees loans

credit line, redraw and interest only home loans

intro rates

Compare home loans or if you have a home loan and are looking at switching go straight to the best deal for your personal situation with our handy Health Check tool.)

4. Do a quick background-check on the providers. Yes, this also sounds like months of trawling through financial data and stalking bank managers. But Mozo has all the info, as well as Australia's largest database of real customer reviews on financial institutions.

Find a home loan provider

Read home loan reviews

5. Get professional advice. Got some answers but still want to hear a reassuring voice?

Banks and financial institutions are there to help! Call them up to arrange a one-on-one.

Mortgage brokers can help secure the best loan for your situation

Home loan negotiators will fight for your cause