Powered by MOMENTUM MEDIA
SUBSCRIBE TO OUR NEWSLETTER SIGN UP
Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Homeloans reduces rates for owner-occupiers

small house  small house
Staff reporter 4 minute read

A non-bank lender has announced that, effective immediately, a fixed rate home loan for owner-occupier home loans will reduce in interest rate.

Homeloans’ Optima three-year fixed rate for owner-occupiers with P&I repayments has dropped from 4.08 per cent per annum (p.a.) to 3.98 per cent p.a. (3.90 per cent comparison). 

This rate change is for new applications only. 

The changes come in the same month as Homeloans reduced its Ultra Plus P&I owner-occupier rates for both variable and fixed rate mortgages.

Advertisement
Advertisement

For example, variable rates for this category now start at 3.77 per cent p.a. (3.93 per cent comparison), while fixed rates start from 4.04 per cent (4.14 per cent comparison). 

The lender also consolidated pricing for variable rate lending greater than $200,000 earlier this month, resulting in just two loan amount pricing tiers for variable rate loans.

[Related: New third-party structure for mortgage business]

Homeloans reduces rates for owner-occupiers
small house
TheAdviser logo

Grow your business exponentially in 2022!

Discover the right strategies to build a more structured, efficient and profitable businesses at The Adviser’s 2022 Business Accelerator Program.

PROMOTED CONTENT


Visit the website here to secure your ticket.

small house

 

more from the adviser
Finsure rebrand

Breaking News

Finsure sale clears regulatory approval

APRA has given the green light to BNK offloading its mortgage agg...

house sold

Breaking News

Hot Property: The biggest property headlines from the week 17-21 January

The weekly round-up of the biggest news stories from across Momen...

mortgage growth

Breaking News

AFG broker lodgements hit new record

Brokers aggregating under the group wrote a record $92 billion of...