Powered by MOMENTUM MEDIA
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 1 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.

Advertisement
Advertisement

PROMOTED FEATURES


>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.

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
small house

 

more from the adviser
parliament Final clawback regulations released

The final regulations for mortgage brokers focusing on the new cl...

KAte Carnell ASBFEO ASBFEO reiterates call for more SME support

SME advisers – including brokers, accountants and financial pla...

loan application AMP lowers floor rate, updates HEM benchmark

The non-major has announced a number of changes to its credit pol...

FROM THE WEB