Liberty Financial dropped interest rates for its one and two-year fixed term home loans, and increased comparison rates earlier this week.
The non-bank mortgage lender lowered the one-year fixed rate from 4.94% to 4.79%. Its two-year fixed rate is also down from 5.09% to 4.84%, while the three-year fixed rate is at 4.94%.
Comparison rates for one, two, and three-year fixed term rates are at 5.34%, 5.36%, and 5.53% respectively. All three loan periods require a LVR of 85% or below.
In addition, the usual rate lock fee of $750 is waived for home loan applications filed by 31 December.
Liberty Financial now holds more than 140,000 customers to date, its official website stated.
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