The nation’s leading banks and lenders submit competitive mortgage bids to ensure you get the best rates. This platform does not impact your credit rating, takes seconds to set up, and is free to use.
Here’s how it works.
Set up your bid
It starts with basic information. Our goal is to provide you with the finest rates and the first step is to provide accurate information. We use this information to obtain your credit score and further assess your case. By having these details in hand, our lenders and brokers can quickly assess your creditworthiness. If the information is inaccurate, this can make it difficult to find the rates you deserve.
Watch the bids roll in
We use a state-of-the-art reverse auction when finding the best rates for you. This involves banks and lenders placing competitive bids to win your home loan. To do this, all active bids are placed on a personalized leaderboard. This information allows you to assess different bids and see which one is ideal for your situation.
Your choice
Once the bidding is complete, the winning lender and broker will reach out to you. This includes discussing the rate, agreement, and what works best for you. This process is obligation-free allowing you to shop around without impacting your credit score.
To get the most out of your bid, a great it profile meets the following requirements:
A healthy credit score
Your credit score allows lenders to assess your creditworthiness for a mortgage. This includes your financial health, debt, and history. The goal is to see how reliable you are as a borrower.
A steady income
Your income allows lenders to determine your ability to repay a loan. Borrowers with a steady source of income tend to receive better rates. This ensures greater savings over the short and long term.
At least 10% equity or deposit in your home
Higher equity is a plus in the eyes of lenders and brokers. This can lead to exclusive home loan rates that are ideal for your situation. If you wish to refinance with 20% equity in the property or offer a down payment of 10% or more, our lenders will compete harder to offer exceptional rates.