In a bid to make itself more competitive in the home loan market, AMP Bank announced on October 12 that it reduced the variable rate for new owner-occupied loans on their AMP Essential Home loan to 3.99%.
The Essential Home loan was not the only mortgage adjusted. AMP’s variable Professional Pack Home loan was also decreased to 3.99% for loans more than $750,000, and with a loan-to-value ratio of less than 80%.
AMP’s new offers are limited-time specials and are effective as of Monday 12 October.
It can be confusing to know whether to get a variable rate or fixed rate mortgage, and what features are important. That's why it's important to not only check the right rates, but make sure that you're getting the right features in your home loan. Get help choosing the right home loan