More Australians are turning to online mortgage lenders when taking out a home loan, and it’s proving to be a pretty savvy financial decision for many. Speedy online applications, super-efficient approval processes, and best of all, low interest rates — these are just some of the advantages that online mortgage lenders have over the major banks.
But with the playing field as packed as it is, it can be difficult to know where to start. That’s where the Mozo Experts Choice Awards^ come in. Each year, our team of data wizards pore over hundreds of mortgages to determine which ones offer the best value and the most useful features.
Among this year’s winners, online lenders feature strongly, which is little wonder considering that on a typical $400,000 home loan, online lenders offer an average saving of $83,800 vs the big banks over 30 years.
So whether you’re taking your first steps up the property ladder or looking to refinance to a better home loan, online mortgage lenders are well worth a look. Here are some of the stand-out online home loan winners from the 2021 Mozo Experts Choice Awards to help you in your search…
Compare Australia's Best Online Home Loans