iMortgage home loan reviews

iMortgage
iMortgage's overall rating for home loans

(as rated by the Mozo community)

4.8 / 10

based on 4 reviews

Price

Features

Customer service

Convenience

Trust

Featured home loan from iMortgage

Recent iMortgage home loan reviews

iMortgage

iMortgage home loan review

Overall rating   0 / 10

Thiefs Fraud

Don't go there crooks zillow told truth

Full review

Don't go there crooks zillow told truth

    Price   0 / 10

    Features   0 / 10

    Customer service   0 / 10

    Convenience   0 / 10

    Trust   0 / 10

Less

Nicole, Northern Territory, reviewed about 3 years ago

iMortgage

iMortgage home loan review

Overall rating   10 / 10

Recommend to all, great service

I wanted to refinance an investment property that was with one of the big four banks at 5.20%. I wanted as low a rate as possible, at least below 4.70% variable. (The cheapest variable rate I have seen is 4.56%). As I’m self-employed, certain low...

Full review

I wanted to refinance an investment property that was with one of the big four banks at 5.20%. I wanted as low a rate as possible, at least below 4.70% variable. (The cheapest variable rate I have seen is 4.56%). As I’m self-employed, certain low interest rate lenders won’t lend to me. I stumbled across iMortgage after a Google search and on mortgage comparison websites. I went with their Fusion product (which is a mortgage product of Advantedge. Advantedge is a subsidiary of NAB). I wanted certain features (as well as a low rate) – like redraw, interest only period, internet access to funds, no ongoing setup/valuation fees, no annual fees. Offset isn’t offered on this account, but iMortgage do have offset products available. You can split and fix if that’s important to you. The application process was very smooth and efficient and I sent an initial enquiry email and was contacted promptly. I had lots of questions and the great thing about my consultant is that she was very quick to respond to emails, not days, not hours, pretty much within the hour, mostly straight away. You couldn’t really ask for much better customer service. Some other lenders, you are handed along a chain of people, you ask questions but don’t get an answer, but with iMortgage (at least in my experience), you deal with one person from start to finish, and they answer everything you want to know. The process was pretty much done via email. At all stages I was kept informed of the application process and given expected time frames on each step and documents were sent via email (verification of income etc); an onsite valuation was promptly arranged through the real-estate agent (not a desktop or drive-by valuation) and the cost absorbed by iMortgage; conditional approval is then given and then formal loan are documents issued and sent via courier. You have to verify your identity at Australia Post, rather than just sending in certified copies of 100 points of ID. Overall, you can’t really ask for much more and if you are prepared to apply via e-mail / phone calls / the post, then you can’t go past the very low variable interest rate, the features (especially redraw, no ongoing fees, no setup fees), plus a prompt and efficient application process where you are kept informed of where things are at. You can even get a debit card if you wish. A bonus is you get membership to iMembers Advantage, discount airline lounge membership, discount gift vouchers, etc etc. Access to your mortgage is provided via an easy to use website. The only disadvantage is, if you have different loans, secured by more than one property, you are issued separate logins, rather than seeing all your loans under the one login. A small inconvenience to pay I guess.

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Matt, Victoria, reviewed almost 4 years ago

iMortgage

iMortgage home loan review

Overall rating   0 / 10

Do not use!

Imortgage have cost me over $20,000 from the purchase of my house. They did not include all the real estate fees and other costs in with the mortgage and miscalculated what we needed. They are hard to get hold of, never return calls and are full...

Full review

Imortgage have cost me over $20,000 from the purchase of my house. They did not include all the real estate fees and other costs in with the mortgage and miscalculated what we needed. They are hard to get hold of, never return calls and are full of empty promises. I will never ever recommend them to anyone and can't wait to sell up and get rid of them.

    Price   5 / 10

    Features   0 / 10

    Customer service   0 / 10

    Convenience   0 / 10

    Trust   0 / 10

Less

Sophie, Western Australia, reviewed almost 4 years ago

iMortgage

iMortgage home loan review

Overall rating   9 / 10

Great features and super low variable rate

I wanted to refinance an investment property that was with one of the big four banks at 5.20%. I wanted as low a rate as possible, at least below 4.70% variable. (The cheapest variable rate I have seen is 4.56%). As I'm self-employed, certain low...

Full review

I wanted to refinance an investment property that was with one of the big four banks at 5.20%. I wanted as low a rate as possible, at least below 4.70% variable. (The cheapest variable rate I have seen is 4.56%). As I'm self-employed, certain low interest rate lenders won't lend to me. You won't find iMortgage being recommended by mortgage brokers - I believe they won't get a commission. I stumbled across iMortgage after a google search and on mortgage comparison websites. I went with their Fusion product (which is a mortgage product of Advantedge. Advantedge is a subsidiary of NAB) I wanted certain features (as well as a low rate) - like redraw, interest only period, internet access to funds, no ongoing setup/valuation fees, no annual fees. Offset isn't offered on this account, but iMortgage do have offset products available. You can split and fix if that's important to you. The application process was very smooth and efficient – I sent an initial enquiry email and was contacted promptly. I had lots of questions and the great thing about my consultant is that she was very quick to respond to emails … not days, not hours, pretty much within the hour, mostly straight away. You couldn't really ask for much better customer service. Some other lenders, you are handed along a chain of people, you ask questions but don't get an answer, but with iMortgage (at least in my experience), you deal with one person from start to finish, and they answer everything you want to know. The process was pretty much done via email. At all stages I was kept informed of the application process and given expected time frames on each step – Documents were sent via email (verification of income etc); an onsite valuation was promptly arranged through the real-estate agent (not a desktop or drive-by valuation) – cost absorbed by iMortgage; conditional approval is then given – then formal loan documents issued and are sent via courier. You have to verify your identity at Australia Post, rather than just sending in certified copies of 100 points of ID. Overall, you can't really ask for much more – if you are prepared to apply via email / phone calls / the post – then you can't go past the very low variable interest rate, the features (especially redraw, no ongoing fees, no setup fees), plus a prompt and efficient application process where you are kept informed of where things are at. You can even get a debit card if you wish. A bonus is you get membership to “Members advantage” - discount airline lounge membership, discount gift vouchers, etc etc. Access to your mortgage is provided via an easy to use website. The only disadvantage is, if you have different loans, secured by more than one property, you are issued separate logins, rather than seeing all your loans under the one login. A small inconvenience to pay I guess.

    Price   10 / 10

    Features   9 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Daniel, Queensland, reviewed over 4 years ago

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Home loan comparisons on Mozo - rates updated daily

  • MOZO EXPERTS CHOICE AWARDS 2018

    loans.com.au Essentials Variable 80 (Owner Occupier, Principal & Interest)

    loans.com.au Essentials Variable 80 (Owner Occupier, Principal & Interest)

    • A super-low rate available to purchases & refinance
    • No monthly fees, Redraw facility with no minimum
    • Split loan facility – up to five free splits with fixed rate or identical variable loan product

    interest rate

    3.64% p.a. variable

    comparison rate*

    3.66% p.a.

    upfront fees

    $520

    Go to site

    More info

    • A super-low rate available to purchases & refinance
    • No monthly fees, Redraw facility with no minimum
    • Split loan facility – up to five free splits with fixed rate or identical variable loan product
    • Interest rate: 3.64% p.a. variable
    • Comparison rate*: 3.66% p.a.
    • Upfront fees: $520
    • Ongoing fees: $0.00
    • Discharge fee: $0.00
    • Extra repayments: yes - free
    • Redraw facility: yes - free
    • Offset account: no
    • Maximum loan to value ratio: 80.00%
    • Minimum loan amount: $50,000
    • Maximum loan amount: $2,000,000
    • Type of loan: Variable
    • Repayment types: Principal & Interest
    • Availability: Owner Occupier
    • Repayment options: Weekly, Fortnightly, Monthly
    Overall rating

    8.2

    Based on 636 loans.com.au home loan reviews

    Need more information?
    Go to site

    More info

  • HSBC Discounted Home Value Loan (Owner Occupier, Principal & Interest)

    HSBC Discounted Home Value Loan (Owner Occupier, Principal & Interest)

    • Owner occupier only
    • Available to new borrowings to HSBC of $50,000 or more
    • Your own Personal Relationship Manager

    interest rate

    3.59% p.a. variable

    comparison rate*

    3.61% p.a.

    upfront fees

    $150

    Go to site

    More info

    • Owner occupier only
    • Available to new borrowings to HSBC of $50,000 or more
    • Your own Personal Relationship Manager
    • Interest rate: 3.59% p.a. variable
    • Comparison rate*: 3.61% p.a.
    • Upfront fees: $150
    • Ongoing fees: $0.00
    • Discharge fee: $300.00
    • Extra repayments: yes - free
    • Redraw facility: yes - free online
    • Offset account: no
    • Maximum loan to value ratio: 90.00%
    • Minimum loan amount: $50,000
    • Maximum loan amount: $7,500,000
    • Type of loan: Variable
    • Repayment types: Principal & Interest
    • Availability: Owner Occupier
    • Repayment options: Weekly, Fortnightly, Monthly
    Overall rating

    7.0

    Based on 109 HSBC home loan reviews

    Need more information?
    Go to site

    More info

  • Bank Australia Basic Home Loan Special (LVR<80%, Owner Occupier)

    Bank Australia Basic Home Loan Special (LVR<80%, Owner Occupier)

    • Special rate of 3.66% p.a. comparison rate applies to a maximum LVR of 80%
    • Redraw available. Flexible repayments
    • Loan repayment pause for eco-upgrades to your home or maternity leave

    interest rate

    3.65% p.a. variable

    comparison rate*

    3.66% p.a.

    upfront fees

    $0

    Go to site

    More info

    • Special rate of 3.66% p.a. comparison rate applies to a maximum LVR of 80%
    • Redraw available. Flexible repayments
    • Loan repayment pause for eco-upgrades to your home or maternity leave
    • Interest rate: 3.65% p.a. variable
    • Comparison rate*: 3.66% p.a.
    • Upfront fees: $0
    • Ongoing fees: $0.00
    • Discharge fee: $250.00
    • Extra repayments: yes - free
    • Redraw facility: yes - free
    • Offset account: no
    • Maximum loan to value ratio: 80.00%
    • Minimum loan amount: $10,000
    • Maximum loan amount:
    • Type of loan: Variable
    • Repayment types: Principal & Interest
    • Availability: Owner Occupier
    • Repayment options: Weekly, Fortnightly, Monthly
    Overall rating

    7.8

    Based on 79 Bank Australia home loan reviews

    Need more information?
    Go to site

    More info

  • Queensland Country Credit Union Discount Ultimate Home Loan Special (Principal & Interest, LVR<90%) (Package)

    Queensland Country Credit Union Discount Ultimate Home Loan Special (Principal & Interest, LVR<90%) (Package)

    • Available for Owner Occupied or Residential Investment purposes
    • Fully featured home loan including 100% offset and redraw (Owner Occupied loans only)
    • Bank with Queensland’s largest regionally based, Member-owned Credit Union

    interest rate

    3.61% p.a. variable

    comparison rate*

    3.97% p.a.

    upfront fees

    $0

    Go to site

    More info

    • Available for Owner Occupied or Residential Investment purposes
    • Fully featured home loan including 100% offset and redraw (Owner Occupied loans only)
    • Bank with Queensland’s largest regionally based, Member-owned Credit Union
    • Interest rate: 3.61% p.a. variable
    • Comparison rate*: 3.97% p.a.
    • Upfront fees: $0
    • Ongoing fees: $350.00 yearly
    • Discharge fee: $0.00
    • Extra repayments: yes - free
    • Redraw facility: yes - free
    • Offset account: yes
    • Maximum loan to value ratio: 90.00%
    • Minimum loan amount: $100,000
    • Maximum loan amount: $5,000,000
    • Type of loan: Variable
    • Repayment types: Principal & Interest
    • Availability: Owner Occupier, Investor
    • Repayment options: Weekly, Fortnightly, Monthly
    Overall rating

    9.4

    Based on 22 Queensland Country Credit Union home loan reviews

    Need more information?
    Go to site

    More info

  • Well Home Loans Well Balanced (Owner Occupier, Principal & Interest, LVR <80%)

    Well Home Loans Well Balanced (Owner Occupier, Principal & Interest, LVR <80%)

    • Well Balanced home loan is a low rate home loan with free online redraw and no valuation fee.
    • Purchase, Refinance or Equity Release purposes allowed
    • Optional 100% interest offset sub-account with Visa debit card access

    interest rate

    3.49% p.a. variable

    comparison rate*

    3.53% p.a.

    upfront fees

    $600

    Go to site

    More info

    • Well Balanced home loan is a low rate home loan with free online redraw and no valuation fee.
    • Purchase, Refinance or Equity Release purposes allowed
    • Optional 100% interest offset sub-account with Visa debit card access
    • Interest rate: 3.49% p.a. variable
    • Comparison rate*: 3.53% p.a.
    • Upfront fees: $600
    • Ongoing fees: $0.00
    • Discharge fee: $300.00
    • Extra repayments: yes - free
    • Redraw facility: yes - free
    • Offset account: yes - $10/month
    • Maximum loan to value ratio: 80.00%
    • Minimum loan amount: $10,000
    • Maximum loan amount: $2,000,000
    • Type of loan: Variable
    • Repayment types: Principal & Interest
    • Availability: Owner Occupier
    • Repayment options: Weekly, Fortnightly, Monthly
    Need more information?
    Go to site

    More info

*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.

Want more? Compare all 499 home loans in the Mozo comparison engine.

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*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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