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Homeloans announces $0 get-in costs

Staff reporter 3 minute read

Homeloans has announced $0 get-in costs for its Optima product, effective until the end of this financial year.

The non-bank lender is waiving application and valuation fees on properties up to $2 million in value and will foot the bill of the solicitor documentation fee, worth $363.

Homeloans general manager of sales Ray Hair also noted the recent decrease in both the fixed and variable rates on the Optima product.

“We have this month reduced variable rates across our product range, but in addition we’ve implemented significant fixed rate cuts on a selection of our loans, including the Homeloans Optima,” he said.

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The change will see one-, two- and three-year fixed terms available at 4.43 per cent, and jumbo variable interest loans offered at the same rate.

“We pride ourselves on being nimble and being able to continue to provide innovative solutions and a competitive range of products for brokers and their customers,” Mr Hair said.

Homeloans has also decreased fixed rates on its Ultra and Monipower products.

The Ultra product now offers three-year fixed rates at 4.34 per cent per annum, while the MoniPower product has two-year fixed rates at 4.55 per cent.

[Related: Homeloans aquires Queensland lender]

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