Home loans
Home loans compared across 50+ lenders.
Whether you are buying your next home or upgrading, we compare rates, features and lender policy, then manage everything through to settlement.
Home loans in short
A home loan is a long-term loan secured against the property you buy. MKS Lending compares variable, fixed, split and package home loans across 50+ lenders, recommends the structure that suits your goals, and handles the application from pre-approval to settlement, usually at no cost to you.
How home loans work
A home loan, explained in plain English.
A home loan, or mortgage, is money a lender advances so you can buy a property, with the property held as security. Most home loans run for 25 or 30 years, with weekly, fortnightly or monthly repayments designed to pay off the loan over that term.
Because the loan is secured against your home, the lender can ultimately require the property to be sold if repayments are not made. That is why getting the structure right from the start matters as much as the rate.
Loan types we compare
- Variable rate: the rate moves with the market, usually with extra repayments, redraw and offset available.
- Fixed rate: certainty for a set period, typically one to five years, with limits on extra repayments.
- Split loan: part fixed, part variable, so you get some certainty and some flexibility.
- Package loans: a home loan bundled with an offset account, transaction account or credit card, often with a rate discount for an annual fee.
- Basic loans: a lower rate with fewer features, suited to borrowers who just want to pay the loan down.
Features that matter
The details that save you money.
Two loans with the same rate can cost very different amounts over time. We compare the features as well as the headline rate.
Offset accounts
Money in a linked account reduces the interest you are charged, while staying available to spend.
Redraw
Access extra repayments you have made if you need them later.
Comparison rate
The true cost once fees are included. We explain it for every option we recommend.
Principal and interest or interest only
How each affects your repayments, total interest and borrowing power.
How we help
Your home loan, from first chat to keys.
Loan review
We look at your income, deposit, goals and timing, and work out your borrowing power.
Compare and recommend
We compare 50+ lenders and explain why we recommend a particular loan.
Pre-approval
We secure pre-approval so you can make offers and bid at auction with confidence.
Approval to settlement
We manage valuation, approval and settlement, then review your loan regularly.
Talk to Kristian Said, Senior Mortgage Broker
MFAA-accredited and based in Moonee Ponds, Kristian helps first home buyers, upgraders, investors and people building their home find a loan that fits, and explains every step in plain English.
Client reviews
What our clients say.
I have used MKS Lending Group for both home loan financing and home loan refinancing. Kristian has been wonderful to work with, always answering any questions and providing advice anytime. I highly recommend MKS for any home loan needs.
I've used Kris for two loans now and both experiences have been great. He's easy to deal with, communicates really well, and clearly knows his stuff. Highly recommend.
MKS Lending Group have been more than amazing for us!! Kris always makes sure we understand what is going on, and simplifies things for us. He goes above and beyond to get us the right services. Would definitely recommend!
Free loan review
Book your free loan review
Tell us a little about your plans. A broker will call you, usually within one business day, to talk through your options. No cost and no obligation.
We listen first
A short chat about your goals, income and timing.
We compare 50+ lenders
30+ banks and 20+ private lenders, not just one bank's products.
You decide
We explain the options in plain English. There is no pressure to proceed.
Questions
Frequently asked questions
How much can I borrow for a home loan?
It depends on your income, debts, living expenses, dependants and each lender's assessment rate. Lenders calculate it differently, so comparing them can make a real difference. Our borrowing power calculator gives a guide.
Should I choose a fixed or variable rate?
It depends on how much certainty you want, whether you plan to make extra repayments, and how long you expect to keep the loan. Many clients choose a split loan. We model the options for your situation.
What is a comparison rate?
A comparison rate combines the interest rate with most fees and charges into one figure, so you can compare the true cost of different loans. It is based on a standard example, so your actual costs may differ.
Do you charge a fee for home loans?
For most home loans, no. We are usually paid by the lender on settlement, and we disclose this upfront.
Ready for a better home loan?
Book a free, no-obligation loan review. We compare the market and show you exactly what is possible.