Homeloans has cut rates for two of its full-doc home loan products by up to 35 basis points, just over a month after reducing rates for its fixed-term products.
The variable rate for Homeloans Ultra Plus loans with a maximum LVR of 80 per cent will now start at 4.14 per cent, with a comparison rate of 4.50 per cent.
Meanwhile, the variable rate for Homeloans Ultra loans with a maximum LVR of 80 per cent will start at 4.29 per cent, with a comparison rate of 4.33 per cent.
Ray Hair, Homeloans’ general manager of sales, said the reduced rates are good news for all borrowers, and reinforce the lender’s commitment to owner-occupiers.
“Housing affordability is an ongoing challenge for consumers, and we are pleased to provide an additional discount to these borrowers,” he said.
“Providing well-considered solutions to suit different types of borrowers is what we pride ourselves on.”
[Related: Homeloans keeps rate cuts coming]
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