Which lender is right for you?
HOW We recommend the best home loan
Understanding which lenders are suitable depends on your personal financial situation. Lenders assess income, debts, living expenses, and other factors differently, which can influence the loan options available and how they are structured.
At Complete Home Loans, we recommend lenders based on your circumstances, helping you understand how features like offset accounts, redraw facilities, and multiple offsets can work in your favour.
Serviceability
Lenders want to make sure you can comfortably meet your loan repayments. Serviceability calculations take into account:
Income – your salary, bonuses, rental income, or business earnings if self-employed
Debts – existing credit cards, personal loans, buy-now-pay-later balances
Estimated living expenses – daily costs, household bills, and discretionary spending
Assessment or buffer rates – most lenders test your repayments at a rate higher than your current interest rate to ensure you could still afford the loan if rates rise
Loan to Value Ratio (LVR)
LVR shows the percentage of the property’s value you are borrowing. For example:
Buying a $800,000 property with an $80,000 deposit = 90% LVR
LVR affects:
Whether you need Lenders Mortgage Insurance (LMI)
Which lenders are likely to approve your application
The interest rates and features available
Interest Rates and Features Matter Too
Interest rates aren’t the only consideration. Lenders offer features that can save you money over time:
Offset Accounts – linking savings to your loan reduces interest payable
Redraw Facilities – access extra repayments you’ve made for flexibility
Multiple Offsets – separate accounts for emergency funds, savings, or holidays while still reducing interest
When comparing lenders, we look at both the rate and the features to ensure you can get the most benefit from your loan.
How We Recommend the Right Lender
Every client’s situation is unique. When we provide recommendations, we consider:
Financial situation – income, debts, expenses, savings, and future plans
Loan structure – fixed, variable, split, interest-only options
Features – redraw, offset accounts, ability to make extra repayments
Lender policies – some lenders are better suited for self-employed borrowers, guarantor loans, or high LVR scenarios
Once we review your details, we can show you a preferred lender option with clear comparisons, helping you see the pros and cons of each.
Why Working With a Broker Helps
Selecting a lender isn’t just about the lowest rate. A broker can help you:
Understand serviceability and buffer rates
Compare LVR thresholds and LMI implications
Maximise features like offsets and redraw
Avoid surprises during application and settlement
Ready to See Which Lender May Be Right for You?
If you’d like a home loan comparison, contact Complete Home Loans today. We’ll review your financial situation and provide recommendations designed to suit your needs — with no pressure and complete clarity.
