Home Mortgage News Homeloans updates variable interest rates

Homeloans updates variable interest rates

Published on 17 Nov, 2014

Non-bank lender Homeloans has updated its variable interest rates roster, particularly its standard full doc and lo doc home loans, as well as standard (full doc) line of credit loans

Non-bank lender Homeloans has updated its variable interest rates roster, particularly its standard full doc and lo doc home loans, as well as standard (full doc) line of credit loans.

Except for the Homeloans Ultra Plus (>80 per cent LVR) and Homeloans Ultra (>80 per cent LVR), the other standard full doc home loans have seen decreases in rates.

Below are all of the updated rates as of Monday:

Standard (full doc) home loans: Variable rates
≤ 80% LVR*			> 80% LVR
Home loan	New interest rate	Old interest rate	New interest rate	Old interest rate
Homeloans Ultra Plus	4.46%	4.74%	4.89%	4.84%
Homeloans Ultra	4.79%	4.89%	5.04%	4.99%

Lo Doc home loans: Variable rates
≤ 60% LVR*			> 60% LVR
Home loan	New interest rate	Old interest rate	New interest rate	Old interest rate
Homeloans Ultra Plus Lo Doc	5.49%	5.39%	5.74%	4.84%
Homeloans Ultra Lo Doc	5.64%	5.54%	5.89%	5.79%

Standard (full doc) home loans Line of Credit: Variable rates
≤ 80% LVR*			> 80% LVR
Home loan	New interest rate	Old interest rate	New interest rate	Old interest rate
Homeloans Ultra Plus Line of Credit	4.74%	4.84%	4.99%	4.94%
Homeloans Ultra Line of Credit	4.89%	4.99%	5.14%	5.09%

Collections: Mortgage News

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