UBank launches UrHome App for Aussie home searchers

When you’re on the hunt for a home your first call of action is probably to search online property engines like realestate.com.au and domain.com.au. Now UBank has introduced an app that works in the same way by using RP Data to allow home seekers to search for properties that have been sold in the past 10 years.

However, UBank has taken things a step further by throwing finances into the works, allowing you to get an estimate of how much any renovations will cost, see your borrowing power and even apply for a UBank home loan through the app.

RELATED: CommBank set to launch discount app for Westfield shoppers

While the UrHome app allows you to see how much a UBank home loan will cost, it doesn’t have the functionality to compare home loans from competitor banks and financial institutions. 

At a press conference last week, CEO Lee Hatton said that the average person will look for a home for 6 months, spend 300 active hours searching and spend $600 on research costs.

“We know people want to save time, so our proposition is to make things easier for people.”

“Most of our app features can replace other real estate search engines, as you’ll find the same properties as on Domain and Real Estate.”

Paul Monnington, Head of Digital at UBank said that the new app is finance and property all in the one system. “We want to change the home loan process for customers and meet them at the beginning of the process.”

According to Monnington here are the main features of the app:

  • See what a property is worth, as well as how much it would cost to add improvements.
  • Build a portfolio of properties you are interested in and compare them side by side.
  • Add your income and expenses to see your borrowing power.
  • See how much you’ll need to borrow for the property and renovations, minus your deposit.
  • See how how much you’ll save by refinancing.

Home loan comparisons on Mozo - last updated 16 August 2022

Search promoted home loans below or do a full Mozo database search . Advertiser disclosure
  • Variable Home Loan 70

    interest rate
    comparison rate
    Initial monthly repayment
    3.10% p.a. variable
    3.12% p.a.

    Affordable home loan rate for buyers or refinancers.. No monthly or ongoing fees. Option to add an offset for 0.10%. Access to savings with unlimited redraws available. Minimum 30% deposit required.

    Details
  • Unloan Variable

    Owner Occupier, Refinance Only

    interest rate
    comparison rate
    Initial monthly repayment
    3.14% p.a. variable
    3.06% p.a.

    For refinancers only. Built by CommBank, the Unloan is the first home loan with an increasing discount (conditions apply) for borrowers. No application or banking fees. No monthly account keeping or early exit fees. Apply in as little as 10 minutes.

    Details
  • PAYG Home Loan

    Owner Occupier, Principal & Interest, LVR<80%

    interest rate
    comparison rate
    Initial monthly repayment
    3.29% p.a. variable
    3.33% p.a.

    Low variable rate. Ideal for new home buyers or refinancers. Unlimited additional repayments. Unlimited free redraw. Application completely online. Optional 100% offset can be added for $120 p.a.. 20% deposit required.

    Details
  • Celebrate Variable Home Loan

    <60% LVR, Owner Occupier, Principal & Interest

    interest rate
    comparison rate
    Initial monthly repayment
    3.79% p.a. variable
    3.79% p.a.

    Fast and efficient online application. Automatic discounts as loan is paid down. Free extra repayments and redraw facility. Zero fees. Min 40% deposit required.

    Details

* WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

** Initial monthly repayment figures are estimates only, based on the advertised rate, loan amount and term entered. Rates, fees and charges and therefore the total cost of the loan may vary depending on your loan amount, loan term, and credit history. Actual repayments will depend on your individual circumstances and interest rate changes.

^See information about the Mozo Experts Choice Home Loan Awards

Mozo provides general product information. We don't consider your personal objectives, financial situation or needs and we aren't recommending any specific product to you. You should make your own decision after reading the PDS or offer documentation, or seeking independent advice.

While we pride ourselves on covering a wide range of products, we don't cover every product in the market. If you decide to apply for a product through our website, you will be dealing directly with the provider of that product and not with Mozo.