NAB has reduced its four-year fixed home loan package by 0.20% to 5.44%.

It is now at its lowest level in more than 20 years.

Your Mortgage’s home loan calculator shows the reduction will save first home owners about $48 a month for a loan of $400,000 on a loan term of 25 years, compared to the previous rate.

NAB has also cut its three-year fixed home loan by 0.05% to 5.14%.

Whether you are looking to buy your first home, move home, refinance, or invest in property, a mortgage broker can help. Access loans from all the major lenders, get help with paperwork – plus there is no charge for this service. Get help from a local mortgage broker