read more That left mortgage commitments at their lowest since June 2004 and brought the drop for the year so far to an eye-watering 23 percent. Home loans in Australia slid for the fifth straight month in June as rising borrowing costs and tougher lending conditions scared away house buyers, reinforcing the case for an early cut in official interest rates. The number of mortgages for home-occupiers fell 3.7 percent in June, compared to May when they slid 6.9 percent. It is relatively easier to apply for an online mortgage that it is for an offline mortgage. The Internet is a wonderful tool and one which you can take full advantage of when looking for the best deals in online mortgages.