Has the Spring property season inspired you to add a new investment property under your belt? Or perhaps you’re looking to refinance your current investment home loan to a better deal?
Well, with investment loan rates continuing to drop like flies since the RBA’s recent decision to slash the cash rate for the third time this year, now's a better time than ever to hit up the market. And what better way to refinance or lock in a new property than with an award-winning investment loan?
Earlier this year, our Mozo expert judges underwent an intensive research analysis, comparing 436 home loans from 85 different lenders to find the winners of the 2019 Mozo Experts Choice Awards for Home Loans.
So, if you’re after the crème de la crème in investment loans, then here’s a few that really caught the attention of our Mozo experts!
If you’re an avid investor looking to add another property to your collection, then be sure to check out online lender UBank’s UHomeloan (Fixed). With super low 3 year fixed rates from 2.99% p.a. (3.45% p.a. comparison rate*) on amounts between $100,000 and $2,00,000, plus, free extra repayments (up to $20,000 p.a.) and the option of a split account, the UBank UHomeloan is where it’s at! Not to mention this one took out a 2019 Mozo Experts Choice Award in the Investor Fixed Home Loan category.
2019 Mozo Experts Choice Online Home Lender of the Year
As little as 10% deposit required
The Tic Toc Variable Investor Home Loan hits the ground running with a competitive 3.35% p.a. variable rate (3.36% p.a. comparison rate*) on loans between $50,000 and $2,000,000 and a maximum LVR of 80.00%. On top of all that, this 2019 Mozo Experts Choice Award-winning investor loan charges no fees (aside from a $325 discharge fee) and offers loads of flexible features, like weekly, fortnightly and monthly repayment options, free extra repayments and free redraw facility.
Athena Liberate Variable Home Loan
Rates from 3.24% p.a. (3.20% p.a. comparison rate*)
The Athena Variable Investor Home Loan kicks it off with a low 3.24% p.a. variable rate (3.20% p.a. comparison rate*) and 80% LVR. Additionally, the Athena Variable Investor Home Loan offers loads of flexible features, like free extra repayments, a free redraw facility, no fees, and a super-generous 0.01% loyalty discount for each year all repayments are made on time, for the first 5 years (0.05% total). To top it all off, Athena Home Loans was recognised with a Mozo Expert Rated badge, so you know it’s got that Mozo tick of approval!
*WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for the amount and term you entered.
**Initial monthly repayment figures are estimates only, based on the advertised rate, and a loan of $500,000 repaid over 25 years. Rates, fees and charges and therefore the total cost of the loan may vary depending on your loan amount, loan term, and credit history. Actual repayments will depend on your individual circumstances and interest rate changes.