About

eRates is a new home loan comparison site with a difference. You can quickly and conveniently find great home loan rates, features and terms from a database of 40 lenders.  Once you have identified some options, you can speak to an expert to delve deeper into the suitability of those options as well as your eligibility. You are assisted through the entire process and you are under no obligation.

How Can eRates Help You Secure a Great Home loan

If you have been looking around for a home loan, you may have encountered or heard about the following challenges:

There are 1000’s of loan products on the market, so comparing all the options is confusing and time consuming. A loan that may appear suitable based on advertised rates and features, may not be suitable when you delve deeper into the fine print. When you contact individual lenders, they only give information from the perspective of their own products.

Lending criteria has tightened considerably. Even when you identify a loan with a good rate you may not be eligible for that particular loan. If your are eligible, you may find that your borrowing power is less than you expected. Furthermore, if you are self-employed or depend on alternative sources of income such as rental income, investments or commissions, some lenders may be less inclined to lend to you.

Applying to the wrong lender could be costly.  You could end up paying considerably more. Or you may spend a lot of time only to be declined. If your loan application is declined, it reduces your chances of getting approval the next time. Therefore, it is important to research your options and prospects before you apply.

eRates Solutions

Compare loan rates and features quickly
You have real choice because you can compare over 40 lenders, which is more than just about any comparison website.

Get expert assistance and more detailed information
Once you identify some good loan options, rather than waste time with each individual lender’s sales pitch, you can talk to an expert who can give you a wider perspective as well as highlight aspects that may not be apparent.

Get an indication of which loans you may qualify for
Lending criteria is particular strict in the current climate. By talking to our experts you can save time and increase your chances of applying to the right lender the first time.

Know your options before you apply to increase your chances of approval. This could potentially save you a lot of time, money as well as protect your credit file.