There’s great news for Australian borrowers and refinancers this month with a continuing downward trend in home loan interest rates driven by lenders cutting fixed home loans to all new record-breaking lows.
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The home loan market is running red hot, with plenty of competition from banks and other lenders on both fixed and variable offers. Rates are already at some of the lowest levels we’ve seen though, so in order to stand out some lenders are rolling out additional incentives, including cashback deals.
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The Commonwealth Bank has announced a number of changes to its fixed rate home loans this morning, including a new low rate of 1.94% (3.93% comparison rate*) for owner occupier borrowers on a 2-year fixed term.
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Athena has done it again in 2021! For the second year running, the online lender has snapped up a Mozo Experts Choice Award for Home Loan Innovation. And this time around it's for the AcceleRATES home loan that was introduced last year. “Athena has proven again that it is an innovative lender as it continues to offer competitive rates to customers in new ways,” said Mozo Expert Judge, Peter Marshall. “As judges, we were impressed by the AcceleRATES feature which automatically decreases the variable rate on the loan as the balance is paid down and a customer’s loan-to-value ratio lessens.” Marshall explains that what stood out to the experts this year was the fact that as customers pay down their debt, Athena ensures that they are offering the home loan lowest rate available from the lender. “This is a well-deserved win by Athena for the second year in a row. Unlike some other lenders that reserve their top rates for new customers only, AcceleRATES means existing customers also benefit from lowering their LVR and staying loyal.” On top of the Home Loan Innovation Award, Athena also took home two additional 2021 Mozo Experts Choice Awards in the Low Cost Loan and Investor Loan categories.
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It’s been more than two years since the banking royal commission handed down its recommendations for reforms across financial service industries in Australia.
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From consistently killer rates to their unorthodox approach to lending, Athena home loans has been changing the home loans game since day one. Maintaining its reputation, Athena has broken the status quo once again by paying off one lucky customer’s home loan for an entire year!
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A new CoreLogic report into women and home ownership shows men dominate real estate in Australia.
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2021 may have barely begun, but it’s already been a busy year on the property front. Values have increased across the country and the appetite for new loans from both owner occupiers and investors shows no sign of easing up just yet.
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Finding the right home loan could mean the difference between tens of thousands of dollars in interest saved over the life of a loan, but Aussie borrowers can be forgiven for finding it hard to pick the best option given the mountain of different lenders and rates available.Thankfully, with over 50 years of financial services experience between them, the Mozo experts have a serious knack for identifying great value loans. And they used it to compare 436 loans from 86 lenders in the annual Mozo Experts Choice Awards, to identify the best value options for Aussie borrowers.So whether you’re refinancing, investing or looking to buy a new home, read on for some of the best, low rate home loans on the market to help you start saving today.
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Hot off the press: Big-name lenders UBank, Suncorp, Athena and Loans.com.au have just dropped brand new refinance deals - each of which offers killer variable and fixed rates in return for a generous deposit or equity on your property.So if you've built up some decent value in your property, these new offers could be your opportunity to save thousands and take years off your mortgage by refinancing. Home buyers lucky enough to have saved up enough cash to pay for a larger home deposit up front can also take advantage of these stellar new rates.UBank's fixed home loan sits competitively at a crazy-low 1.75% fixed rate for 3 years (2.22% comparison rate*), while Suncorp has dropped its 2 year fixed rate to just 1.89% (2.94% comparison rate*) and Loans.com.au is still making headlines with an introductory 1.99% discounted variable 1 year home loan rate, that rolls over to a low ongoing 2.48%. Meanwhile, online lender Athena has introduced a variable rate home loan worth celebrating with a jaw dropping 2.19% variable and comparison rate*.So, if you’ve been holding out for the right refinance loan, then today could be your lucky day! Now, let’s take a closer look at what these new loans have on offer along with some of the other lowest refinance rates on the market right now...5 new home loan rates refinancers need to know about
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