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Bank slashes home loan rates

by James Mitchell7 minute read
The Adviser

A non-major lender has launched a special discounted variable home loan rate of 3.79 per cent.

Auswide Bank said the rate is available to approved applicants for purchase, construction and refinance of residential homes in which the applicant intends to live and represents a ‘life of loan’ discount of 1.54 per cent off Auswide Bank’s standard ‘owner occupied’ home loan reference rate.

It applies to new ‘principal and interest’ home loans of $150,000 or more with loan-to-valuation ratios of up to 90 per cent.

Auswide Bank is also offering a 4.12 per cent per annum discounted interest rate for customers seeking finance for new investment home loans.

Auswide Bank chief customer officer Damian Hearne said these latest offers compliment some leading fixed rate offers for owner occupied and investment home loans.

“Our 3.79 per cent offer again proves Auswide Bank is providing a competitive, if not superior, home loan offer compared to our competitors,” he said.

“This is a great opportunity for home buyers or customers looking to refinance their existing home loans and start their experience with Auswide Bank.”

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James Mitchell

AUTHOR

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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