Firstmac has unveiled its latest rate cuts for its fixed rate home loan products, both in VIP packages and Standard packages.
The non-bank lender’s fixed rates are down to 4.31% for the VIP’s two-year fixed loan with a comparison rate of 4.68%. The three-year fixed rate under the package is now at 4.36% with a comparison rate of 4.69%.
“The VIP package special is a premium customer offer which recognises that brokers and their clients are the backbone of Firstmac,” managing director Kim Cannon said.
Meanwhile, Firstmac’s standard fixed rates have also been reduced to 4.41% fixed for two years with a comparison rate of 4.83%, and 4.46% fixed for three years with a comparison rate of 4.83%.
Cannon also confirmed that the VIP package’s $295 annual fee is waived for the life of the loan. Homebuyers may take advantage of the offer until the end of the month.
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