Step 2 – create a list of all major banks and lenders, and their products

Did you know that each lender might have up to 10 or more home loan products? These may include:

  • $ Standard home loans
  • $ Basic home loans
  • $ Professional packages
  • $ Lines of credit
  • $ Fixed rate term loans
  • $ Master limit loans
  • $ Portfolio loans
  • $ Capped home loans
  • $ Equity loans
  • $ Investment loans

Start with a list of at least 20 leading lenders, including the major banks. This results in a starting line-up of at least 200 products to compare. A typical Mortgage Broker will have over 30 lenders they work with at any given time, covering a wide cross-section of lender types and loan options. They should be up to date with all their latest special offers and lending policies.

 

Valuable Resource: lenders we’ve worked with

 
ANZ Illawarra Mutual Building
Adelaide Bank Society
AFG Home Loans ING Direct
AMP Bank Integris Home Loans
Bank of China Keystart
Bank of Melbourne La Trobe Financial
Bank of Queensland Liberty Financial
Bank SA Macquarie Bank
Bankwest Mariner
Bluestone Maxis Loans
Capital Finance Members Equity Bank
Citibank MKM Capital
Collins Securities Mortgage Ezy
Commonwealth Bank Mortgage Mart
Deposit Power Mortgage Street
GE Money National Australia Bank
Heritage Bank National Mortgage Market
Home Building Society Corporation
Homeloans Limited Now Finance
Homeside Lending Over Fifty Group
HSBC Pepper Homeloans
RAMS Police and Nurses Bank
RBS The Rock Building Society Ltd
RHG Think Tank
St George Bank Westpac
Suncorp Bank Wide Bay Australia

Stay tuned for part 3…