If you want to take out a loan to buy a house or commercial property, you will need to spend a bit of time comparing the top-rated lenders together with the mortgage products they are offering. To find the best mortgages Melbourne residents should spend a little bit of time comparing interest rates, deposit required, processing speed, loan terms and the T&C’s offered by different lenders.

You should consider working with the best mortgage brokers in the city of Melbourne. Obviously, it will take time to find the right loan. Therefore, you need to exercise patience when conducting your research. While your credit rating will have an effect on the rate of interest charged, it is crucial you shop around to ensure you find mortgage lenders with the lowest rate of interest. Be sure to also pay attention to the mortgage insurance premiums charged by different firms.