Non-bank lender Homeloans has updated its variable interest rates roster, particularly its standard full doc and lo doc home loans, as well as standard (full doc) line of credit loans.
 
Except for the Homeloans Ultra Plus (>80 per cent LVR) and Homeloans Ultra (>80 per cent LVR), the other standard full doc home loans have seen decreases in rates.
 
Below are all of the updated rates as of Monday:
 
Standard (full doc) home loans: Variable rates
≤ 80% LVR* > 80% LVR
Home loan New interest rate Old interest rate New interest rate Old interest rate
Homeloans Ultra Plus 4.46% 4.74% 4.89% 4.84%
Homeloans Ultra 4.79% 4.89% 5.04% 4.99%
 
Lo Doc home loans: Variable rates
≤ 60% LVR* > 60% LVR
Home loan New interest rate Old interest rate New interest rate Old interest rate
Homeloans Ultra Plus Lo Doc 5.49% 5.39% 5.74% 4.84%
Homeloans Ultra Lo Doc 5.64% 5.54% 5.89% 5.79%
 
Standard (full doc) home loans Line of Credit: Variable rates
≤ 80% LVR* > 80% LVR
Home loan New interest rate Old interest rate New interest rate Old interest rate
Homeloans Ultra Plus Line of Credit 4.74% 4.84% 4.99% 4.94%
Homeloans Ultra Line of Credit 4.89% 4.99% 5.14% 5.09%
 
 
 

 

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