Competition in the home loans market is heating up again as a growing wave of online lenders cut rates below 3.00%, forcing the big banks to fight back or risk losing borrowers to cheaper lenders.
With fixed rates starting from just 2.79% for 3 years (3.04* comparison rate), and a growing number of online lenders cutting variable rates to new sub 3.00% lows, borrowers can now access incredibly cheap deals by comparing home loan options online and making the switch.
And it's no wonder borrowers are responding, given the huge potential savings on offer and the ease of applying online without having to visit a bank branch or broker.
Mozo Director, Kirsty Lamont, said "Borrowers who do their homework and research the top rates can access incredibly low rates that could shave years off their mortgage and potentially save tends of thousands of dollars in interest over the life of the loan, depending on how competitive your rate is currently."
So if you'd like to save on your home loan, take a look at some of the top offers on the market right now, see how they compare to your current rate and make the move today!