Our mission is to provide a free service to online users, using a unique way to request home equity loan and home equity line of credit quotes from multiple online expert resources to save you money. You should always compare lenders to get the lowest current home loan and HELOC rates and find special offers that will save you money on your loan.
Home Equity Loan, America's #1 Home Loan Lender, has helped millions of families find ways to accomplish their home ownership needs, whether buying a first home or refinancing their current loan. We say it, believe it and set out to prove it everyday: No one can do what we can.

A home equity loan (sometimes abbreviated HEL) is a type of loan in which the borrower uses the equity in their home as collateral. These loans are sometimes useful to help finance major home repairs, medical bills or college education. A home equity loan creates a lien against the borrower's house, and reduces actual home equity.

Home equity loans are most commonly second position liens (second trust deed), although they can be held in first or, less commonly, third position. Most home equity loans require good to excellent credit history, and reasonable loan-to-value and combined loan-to-value ratios. Home equity loans come in two types, closed end and open end.

Both are usually referred to as second mortgages, because they are secured against the value of the property, just like a traditional mortgage. Home equity loans and lines of credit are usually, but not always, for a shorter term than first mortgages. In the United States, it is sometimes possible to deduct home equity loan interest on one's personal income taxes.

There is a specific difference between a home equity loan and a Home Equity Line of Credit (HELOC). A HELOC is a line of revolving credit with an adjustable interest rate whereas a home equity loan is a one time lump-sum loan, often with a fixed interest rate.
Since bursting onto the mortgage market in 1996, Our has grown to become Australia's leading non-bank lender with a network of over 150 branches across Australia.
As a brand, Our aspires to capture not only the minds of our customers, but also their hearts. You see at Our, we’ll work harder for you. How?
Our was borne out of the desire of its founders to give customers real choice.
Our seized the opportunity to help home owners embark on a journey of financial liberation, to offer its customers personal financial power.
And that is what we’ve been doing for the last 12 years.
Why?
Because buying a home is one of the biggest decisions you're likely to make in your life. Of course it's an exhilarating time, but it can also be a stressful and complicated experience.
Our fundamentally believed that high interest rates and limited availability of competitive products meant many Australians were being disempowered rather than empowered.
Whether it be financial security, or a great sense of personal freedom and choice, or the feeling of status and prestige– whatever the driver, Our is passionate about giving individuals access to the financial tools and the know-how they require to achieve their goals.
At Our, we understand customers and it’s important to know the person arranging your home loan finance understands your needs.

What makes Our different from other lenders?
Our branches are small local businesses run by local people with local knowledge. As local entrepreneurs, Our branches build and nurture relationships with their customers for the life of the loan.
Our entrepreneurial branch owners deliver the best of both big and small business: an increasingly innovative and sophisticated product range, supported by responsive and committed customer service.
Our has also been recognised with many industry awards including the Mortgage and Finance Association of Australia's (MFAA) Mortgage Manager of the Year (2004, 2005, 2006,2007 and 2008), Money Magazine's Cheapest Home Loan (for the last six years), and has been voted best non-bank lender by Australian Banking and Finance Magazine three times.

Our Home Loans History
May 1996. Our Home Loans launches in the Australian mortgage market.
May 1998. Our signs on as principal sponsor of the NSW Our Blues, kick-starting a comprehensive sports sponsorship program encompassing rugby league, AFL and rugby union at both national and community levels.
June 1998. Our Home Loans opens its first branch in Earlwood, Sydney. When Our Darwin opened its doors in February 2004, Our had branches in every state and territory.
August 1999. Our launches the first interactive mortgage website.
February 2001. Our reduces its variable rate by 25 basis points before the RBA’s official announcement, forcing the major banks to pass on the cut within a fortnight. Our again made headlines in September 2008, when they again forced the banks’ hand in passing on a 25 basis points reduction before the RBA.

July 2003. Our is the leading proponent of the AAPR, now called the Comparison Rate, which after many years of campaigning officially becomes law.
February 2006. Mark Bouris extends his contract as Chairman of Our Home Loans and launches Our International in partnership with Consolidated Press Holdings Limited (CPH), taking the Our business model to emerging markets around the world.

March 2006. To complement its market-leading launch of Pregnant Pause in 2002, Our launches Our Women – an online community designed to meet women’s home loan information needs and resolve outstanding discrimination issues.
April 2007. Our adopts a franchise model.
February 2008. Our wins the MFAA Non-bank Lender the Year Award for the fifth consecutive year.