Home Loans

In January 2008, because of the ongoing increases in the cost of wholesales funds, for the first time the eight major banks and lenders raised their standard variable home loan rates over and above the Reserve Bank shifts. For the first time, standard variable rates among the major banks and lenders were also different. Standard Variable Rates of the eight major lenders are in the table below. (For individual lender comparison rates, you will need to either talk to a mortgage broker or check with the relevant lender). More than ever, we encourage you to think about money as a commodity and compare your home loan options.

Lender Rates

Rate as
at 2/1/08

RBA
Increases

Lender
Increases

Total
Increases

Rate as
at 5/5/08

ANZ

8.57%

0.50%

0.40%

0.90%

9.47%

CBA

8.57%

0.50%

0.37%

0.87%

9.44%

Homeside

8.57%

0.50%

0.42%

0.92%

9.49%

NAB

8.57%

0.50%

0.39%

0.89%

9.46%

St George

8.57%

0.50%

0.40%

0.90%

9.47%

Westpac

8.57%

0.50%

0.40%

0.90%

9.47%

AMP

8.57%

0.50%

0.40%

0.90%

9.47%

Suncorp

8.57%

0.50%

0.40%

0.90%

9.47%

borrowing power and getting your home loan approved

Over 60% of Australians own their own homes and more than 70% of them have an outstanding mortgage. When you have found a property, getting home loan approval is the next step. A good mortgage broker can help you with this and you can find information here on getting your loan approved, your credit profiles and how it works, home loan to settlement application processes and the costs involved in buying a house and getting a loan. Lenders do calculate your borrowing capacity differently and you can get a good idea of your borrowing power from our mortgage calculators, or go to borrowing power help.

what x inc mortgage brokers can do for you

Nearly half of Australian home buyers now use a mortgage broker to find them the best home loan. And there are plenty of great deals around if you know where to look and who to ask.

Every day, across Australia, X Inc Mortgage Brokers help families with the home loan finance to buy their own homes, investors expand their portfolios; and business people develop smarter structures at better interest rates. X Inc Finance aspires to be the premier mortgage brokerage of choice for all Australians. We link home owners, investors and business people with the best finance products available from our panel of major banks and a broad range of other lenders.With a team of more than 500 brokers, X Inc represent billions of dollars in lending to thousands of Australians - for home loans, business loans and commercial loans.

The total amount of home loans advanced to Australians was $263 billion according to the ABS last year. Around 45% of these home loans were acquired through a mortgage broker. Finance is now so accessible and competitive that mortgage brokers have become a trusted knowledge source for the latest home loan products information. X Inc Finance has mortgage brokers in all capital cities and many of the major metropolitan cities including, Sydney, Melbourne, Brisbane, Perth, Canberra, Adelaide, Hobart, Albury, Bendigo, Geelong, Wollongong, Nowra, Bega, Central Coast, Byron Bay, Sunshine Coast, Gold Coast, Bundaberg, Kingscliff, Cairns and Port Douglas. Click here to find your local broker, or call us on 13 XINC.

service guarantee - iso quality accredited mortgage brokers

As one of the only national mortgage brokers with ISO 9000 Quality accreditation, X Inc offers you our service guarantee. ISO ensures we have the right customer service standards and processes in place to be certain that we are doing the right thing by every Customer. An independent ISO auditor ensures we are offering the highest quality advice, following X Inc ethical and knowledge standards, that all our mortgage broker compliances, paperwork and accreditations are in place and that a consistent standard of service is offered to all our Customers.