We no longer provide mortgage services directly, however we do provide a service which can link you to a mortgage broker in your area. Click here to find out more about your next mortgage.

There are hundreds of loans out there, but which is right for you? Many loans are much the same but with different names, however there are some important differences, and these differences can mean the difference between the perfect loan for you, and a disaster...

The main loan types include:

Loan	Description	Suitable For
Standard Variable	A standard loan with principal and interest repayments. The interest rate can go up and down throughout the life of the loan	Homebuyers looking for a full featured loan
Basic Variable	As above, but generally with less features and a lower rate	Homebuyers looking to save on interest and fees, whilst forgoing some extra features
Fixed Loan	A standard loan with principal and interest repayments, but with an interest rate that is fixed for a certain term (generally 1 to 5 years)	Homebuyers looking for a standard loan, but with the security of a fixed rate
Interest Only Loan	Similar to a standard loan, but only the interest is required to be paid for a certain term (generally 1 to 5 years). The interest rate can be fixed or variable	Generally only used by property investors, but sometime used by homebuyers needing to reduce their repayments for a period of time
Line of Credit	A home loan similar to a credit card which has a set limit the balance can move up and down within. Often all income is paid into the loan while living off a credit card, which is repaid from the loan balance each month	Often used by homebuyers and investors to reduce their mortgage more effectively - but only if used properly

At Equita, we don't have a 'pet' loan type or company that we put all of our clients into. We will look at your overall needs and objectives, then research the products available and recommend the one which is right for you.

We will also provide you with a table comparing the commission payable from each lender to ensure you are comfortable that we're not recommending a product just because it pays the highest commission.