iMortgage has cut its Fusion Lo Doc ProPack variable rates by 25 basis points to 5.14% (comparison rate 5.46%).
The offer is available for home loans with a loan to value ratio up to 60%.
Your Mortgage’s home loan calculator show the 0.25% reduction will save customers about $28 a month for a loan of $200,000 on a loan term of 20 years, compared to the previous rate.
For home loans with a loan to value ratio between 60%-80%, the Fusion Lo Doc ProPack variable rates has fallen from 5.59% to 5.34% (comparison rate 5.66%).
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