Mortgage brokers don't necessarily offer the best deals... here's why

Thousands of Australians each year use mortgage brokers to refinance or get a new home loan, but did you know that some of the best value home loans on the market aren’t available through brokers?
Some of Australia’s most popular low-cost lenders like loans.com.au, UBank and Athena choose to bypass brokers and deal direct with borrowers. As they don’t pay broker commissions, you won’t find their home loans on broker panels.
Mozo Money Expert Kirsty Lamont says, “Brokers are a useful resource for those who need expert advice and assistance, but it’s important for borrowers to understand that you may be able to get a better home loan deal by shopping around yourself.”
So if you’d like to see what sort of deals you can access by comparing and applying online yourself, here are 5 killer home loans you won’t find by going through a mortgage broker.
5 Top Home Loans You Won’t Find Through a Broker
UBank UHomeLoan

1.75% fixed rate for 3 years (2.22% comparison rate*) - Limited time only!
Free extra repayments up to $20,000 p.a.
Fast and easy online application process
Expert verdict
With a fast and streamlined application process, a sub 3.00% rate for 3 years and the freedom to make free additional repayments up to $20,000 a year, this flexible home loan could be a great choice for borrowers who want the security of fixed repayments as well as the flexibility to pay the loan off sooner. UBank is backed by NAB and has home loan experts on tap to help you through the online application process.
Where do I get it? Head over to UBank to find out more >>
loans.com.au Smart Home Loan 80

2.48% variable rate (2.50% comparison rate*)
$0 application or ongoing fees
Unlimited free extra repayments and redraw
Expert verdict
This killer home loan from popular online lender, loans.com.au, could save you thousands. By cutting out branches and brokers, loans.com.au is able to pass on savings to customers in the form of lower rates and fees. The value doesn't stop there either, as this loan is packed with handy features like free extra repayments, unlimited free redraw and a split rate option. If you’re borrowing $1 million or less and have at least 20% deposit or equity, the Smart Home Loan really is a smart choice.
Where do I get it? Head over to loans.com.au to find out more >>
Athena Celebrate Variable Home Loan

New 2.19% variable & comparison rate* for borrowers with 60% LVR
Fast online application with no fees, free extra repayments + free redraw
Mozo Experts Choice Best New Home Loan 2020 Winner
Expert verdict
New online mortgage challenger Athena is taking on the banks with a customer first approach and some of the best value mortgages on the market, helping borrowers around the country to save money and pay off their mortgages faster. Plus, to reward borrowers for paying down their home loan, Athena will now automatically lower your rate as you pay down your loan. Available to refinancers and home buyers buying an established property in a capital or major regional city with a 60% LVR.
Where do I get it? Head over to Athena to find out more >>
Yard Variable Home Loan Special

2.09% variable rate (2.12% comparison rate*)
Free extra repayments and redraw facility
Offset account available (for $10 per month)
Expert verdict
Australian online lender, Yard is set to shake up the home loan world with their simple and savvy way to get borrowers into their dream home. This competitively low rate home loan boasts a handy offset account and the freedom to make unlimited additional repayments to help you pay off your home sooner. Together with a redraw facility, this is one new lender worth checking out.
UBank UHomeLoan - Discount Offer

New 2.34% p.a. variable and comparison rate*
$0 upfront or ongoing fees plus free extra repayments and redraw
Mozo Experts Choice Low Cost Home Loan Winner 2020
Expert verdict
With an ultra low interest rate and $0 application or ongoing fees, the UBank UHomeLoan is a great budget-friendly option for borrowers with 20% deposit that comes with the security of being backed by NAB. The simple online application process makes it fast and easy to apply direct and get approval in principle, and UBank's local home loan experts can help you along the way. Available for loans of $200,000 plus.
Where do I get it? Head over to UBank to find out more >>
^See information about the Mozo Experts Choice Home loans Awards
Want to compare more home loans? View the latest mortgage rates from over 80 lenders at Mozo's home loan comparison hub.
Each year the comparison experts at Mozo rate Australia's best value home loans and other products for the Mozo Experts Choice Awards. Find out more here.
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