MyRate has cut their variable loan rates by 25 basis points.

Variable loans, including advantage loans and construction Loans, have dropped from 5.42% to 5.17% (comparison rate 5.17%).

The deal includes $0 in fees on standard applications, depending on the final loan details.

Your Mortgage’s home loan calculator shows the rate cut will save customers about $42 a month for a home loan of $300,000 on a loan term of 20 years, compared to the previous rate.

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