Following the Reserve Bank’s inter-meeting decision to cut the official cash rate this Thursday, Australians have been anxiously waiting for word on how their banks and lenders will respond.
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As any home buyer or property investor may tell you, it’s hard work shopping around for the right home loan to fund your dream house. But the 2020 Mozo Experts Choice Home Loan Awards are back in town to reveal the lenders who deliver market-leading value to its customers - and coming out on top this year is UBank!
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Defending a title is never easy, but online home loans provider Tic:Toc has done just that by winning the major 2020 Mozo Experts Choice Award title of Online Home Lender of the Year for a second year running.
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If there’s one home loan lender that more and more Aussies are hearing about, it’s Athena - and it's not because of their unconventional advertising.
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When it comes to buying a house, finding the right home loan with a competitive interest rate and all the best features for you is just as important as picking a property.
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A few short months after its introduction to eco-conscious Aussies and Bank Australia’s Clean Energy Home Loan has been awarded the inaugural 2020 Mozo Experts Choice Award for best Green Home Loan.
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Last Updated: 2:56pm, March 27
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In a surprise move, Commonwealth Bank has announced a huge 0.70% cut across its 1, 2 and 3 year fixed home loans, just minutes after the RBA’s decision to bring down the official cash rate to an historic low of 0.25%.
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Mozo money experts have urged Aussies to consider fixing their home loan rate, following the Reserve Bank of Australia’s emergency cash rate cut.
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Mozo has found in the wake of the Royal Commission, tighter lending standards, four cuts to the official cash rate in under a year and the emerging threat of the coronavirus, the big banks are still locking up the residential mortgage market. Although they are a long way from offering the best rates around, the domestic major banks are benefiting from blind loyalty that is costing their customers up to $99,945 on an average home loan.
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