Commonwealth Bank Mortgage Company

The second largest bank in Australia is Commonwealth Bank Mortgage Company. Commonwealth Bank Mortgage Company is listed on the Australian Stock Exchange and the Morgan Stanley Capital Global Index. The financial services offered by Commonwealth Bank Mortgage Company are institutional banking, retail, funds management, insurance, mortgage broking, superannuation, and investment planning. Commonwealth Bank Mortgage Company has also extended its operations to New Zealand, United Kingdom, and Asia.

Commonwealth Bank Mortgage Company History

The Commonwealth Bank Act of 1911 that was introduced by the Andrew Fisher Labor Government resulted to the foundation of Commonwealth Bank Mortgage Company. On the 15th of July 1912, Commonwealth Bank Mortgage Company opened its first branch in Melbourne, Victoria. Commonwealth Bank Mortgage Company merged with the state savings bank in Tasmania, Queensland, New South Wales, Western Australia, and Victoria.

In 1991, Commonwealth Bank Mortgage joined the Australian Stock Exchange's list of companies. The privatisation of Commonwealth Bank Mortgage Company took place in 1996. Commonwealth Bank Mortgage Company won the title "Australia's Most Convenient Bank" against ANZ on the 7th of December 2007.

Commonwealth Bank Mortgage Company Home Loans

The nine different home loans offered by Commonwealth Bank Mortgage Company can be divided into home loans for first time home buyers and home loans for investments and second time home buyers.

For First Home Buyers

  • Complete Home Loan - includes all the options needed in a home loan
  • Economiser - features a discount on the base variable rate during the first three years
  • Homeseeker - involves a home loan pre-approval that is valid for twelve months
  • For Investments or Second Home Buyers
  • Viridian Line of Credit - involves an all-in-on transaction account that consolidates loans and savings
  • Family Equity - allows the entire family to help the lender purchase his home or repay his debt sooner
  • Low Doc Home Loan - requires very little paperwork for self-employed applicants
  • Bridging Finance - allows the purchase of a new home before the existing one is sold
  • Equity Unlock - allows the use of home equity to help applicants aged 65 and over with their retirement
  • Wealth Packages - includes an impressive collection of financial benefits for valued customers

See a list of rates and terms by Commonwealth Bank Mortgage Company. You can also contact a bank representative to discuss details of the loan offered by Commonwealth Bank Mortgage Company.