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MyState cuts rates below 4%

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MyState cuts rates below 4%

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James Mitchell 2 minute read

An ASX-listed bank has just announced new market-leading mortgage terms.

 MyState Bank's Special Residential home loan and The Rock's Essentials home loan have been slashed to 3.99 per cent.

The terms are available from 11 September through MyState Bank's and The Rock's broker partners for new principal and interest loans exceeding $100,000 and lending up to 80 per cenr of valuation.

“These are among the most competitive variable rates available for mortgage brokers and their clients. We're committed to providing brokers with great products and service to help them win business, MyState Limited’s head of broker Sandi Sims said.

"Another example of how we are delivering on our commitment to brokers is the roll out of our new electronic loan lodgement system to further expedite document turnaround. Simplifying our services helped us to increase broker channel loan origination nearly 160 per cent in the 2015 financial year, compared to the previous year.”

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MyState Bank's Special Residential home loan and The Rock’s Essentials home loan offers a number of features including no establishment fee, the ability to make additional repayments at any time, 100 per cenr offset facilities, loan redraws as well as no monthly or ongoing fees.

 

MyState cuts rates below 4%
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James Mitchell

James Mitchell

James Mitchell has over eight years’ experience as a financial reporter and is the editor of Wealth and Wellness at Momentum Media.

He has a sound pedigree to cover the business of mortgages and the converging financial services sector having reported for leading finance titles InvestorDaily, InvestorWeekly, Accountants Daily, ifa, Mortgage Business, Residential Property Manager, Real Estate Business, SMSF Adviser, Smart Property Investment, and The Adviser.

He has also been published in The Daily Telegraph and contributed online to FST Media and Mergermarket, part of the Financial Times Group.

James holds a BA (Hons) in English Literature and an MA in Journalism.

 

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