Well Home Loans stands out as Mozo Experts Choice Best New Home Loan

Niko Iliakis

Monday 25 March 2019

The race for Best New Home Loan was more competitive than ever this year. For months our team of experts has been hard at work, tirelessly poring over our database in search of the best new deals, and we’re excited to finally announce the winner is none other than Well Home Loans.

Well Home Loans might be new on the scene but it’s quickly managed to prove it can compete with the best of them. It’s completely online, family owned, and when it comes to rates, you’d be hard-pressed to find a better performer.

The online lender offers a range of packages tailored to different kinds of buyers, but it was its Well Balanced Home Loan which impressed our experts the most, nabbing wins in the Low Cost Home Loan, Split Home Loan, and Offset Home Loan award categories.

Launched in November, the Well Balanced Home Loan joined a packed playing field of online lenders offering rates in the three-and-a-half range. It’s managed to distinguish itself with a wide range of features to help Aussie borrowers save money and manage their mortgage how they want.

Well Balanced Home Loan key facts

According to Mozo Data Manager Peter Marshall, our panel of experts named the Well Balanced Loan the Best New Home Loan of 2019 “due to its combination of low rates and flexibility.” Here’s a rundown of all its major selling points:

  • Excellent variable rates from 3.49% p.a. (3.53% p.a. comparison rate*)
  • Free redraw facility
  • Ability to split between fixed and variable rates
  • Offset account available for $10 per month
  • Loans available for up to 95% loan-to-value ratio
  • Ability to borrow between $10,000 and $2,000,000

The rate for owner occupiers making principal and interest repayments with an LVR of 80% or lower is one of the best available, and the other rate options for investors, interest-only loans or higher LVRs are also highly competitive. Plus the accompanying features will go along way towards making sure your home loan journey stays simple and stress-free.

“The Well Balanced Home Loan is impressive on a number of levels, with plenty of options available to accommodate both owner occupiers and investors,” Marshall said. “You can even split your mortgage between a fixed and variable amount if you wish.”

So if you’re on the lookout for a low rate home loan with lots of built-in flexibility, the Well Balanced Home Loan is more than worthy of your attention.

Be sure to check out the rest of the winners at our Mozo Experts Choice Home Loan Awards page. And if you want an idea of how other home loans fare compared to this one, head over to our home loans comparison page.


*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.

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