Competition is alive and well in the mortgage market, with many lenders dropping their rates to levels not seen in nearly a decade.
Your Mortgage's website - www.yourmortgage.com.au - currently features standard variable home loans carrying interest rates below 5%.
For example, a fully featured standard variable loan product offered by Reduce Home Loans has dropped to 4.83%. Pacific Mortgage Group is also offering a bargain, with its standard variable loan attracting an ultra low 4.92% with no application fee or ongoing costs.
Other lenders including Homestar Finance and Better Option Home Loans also offer mortgages under 5%.
For the complete list of top ranking loans, go to www.yourmortgage.com.au
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