Homestar Star Essentials Home Loan

The details shown below are for an owner occupier taking out a principal & interest loan between $200,000 and $749,999 with an LVR below 80%

The details shown below are for an owner occupier taking out a principal & interest loan between $750,000 and $1,000,000 with an LVR below 80%

Choose the version of this loan that suits you best

  • Owner Occupier (Principal & Interest)

    LVR < 80%

    Loan: $200,000 $749,999

  • Owner Occupier (Principal & Interest)

    LVR < 80%

    Loan: $750,000 $1,000,000

3.49% p.a.

3.49% p.a.

$0.00

Homestar Star Essentials Home Loan

3.49% p.a.

3.49% p.a.

$0.00

3.74% p.a.

3.74% p.a.

$0.00

Homestar Star Essentials Home Loan

3.74% p.a.

3.74% p.a.

$0.00

Mozo Review   Homestar Star Essentials Home Loan Review

Last updated: 21 May 2019.

What's hot:
  • Variable rates from 3.49% p.a. (3.49% p.a. comparison rate*)

  • Free extra repayments and redraw facility

What's not:
  • Valuation fee from $248.08

  • Legal fee from $264

Mozo snapshot:

With a number of handy features - including free extra repayments and a free redraw facility - and a low 3.49% p.a. variable rate (3.49% p.a. comparison rate), the Homestar Star Essentials Home Loan gives owner occupiers plenty to get excited about. And if you’re a refinancer borrowing between $200,000 and $750,000, you can expect to have the $250 valuation fee and $265 legal fee waived if you apply and are approved by 31 May.

Key features:

The Star Essentials Home Loan is available for owner occupiers and comes with two rate tiers. If you’re borrowing less than $750,000, you’ll receive an excellent 3.49% p.a. variable rate (3.49% p.a. comparison rate). If you plan to borrow between $750,000 and $1,000,000, you’ll receive a slightly higher variable rate of 3.74% p.a.(3.74% p.a. comparison rate*). Both come with a maximum LVR of 80%, so you’ll have to have been saving diligently for that deposit.

You’ll have a lot of say when it comes to how you’ll pay off your Homestar Star Essentials mortgage. Repayments can be made weekly, fortnightly or monthly, and you can make free extra repayments if you want to pay off your loan faster. If you ever need those funds back you can easily retrieve them with the free redraw facility.

While there is a $250 valuation fee and a $265 legal documentation fee, both are waived for refinancers taking out a loan of between $200,000 and $750,000. But this only applies if your application is received by 18 April 2019, approved by 31 May 2019 and settled within 90 days. No matter how much you’re borrowing, you’ll have to spring for the $535 discharge fee at the end of your loan.

Who it's good for:

Between the maximum LVR of 80% and the fact that refinancers can cash in on legal and valuation fee waivers, this one’s a top pick for borrowers looking to refinance an existing loan to a killer low rate deal.

Any catches?

Both rate tiers come with an LVR of 80%, meaning that you’ll have to have at least 20% of the property’s value on hand for the deposit.

Details

Rates and fees information correct as at 23 May 2019. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • 3.49% p.a.

  • n/a

  • 0 Months

  • none

  • 3.49% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • none

  • $0.00

  • $535.00

Other financial bits
  • $200,000

  • $749,999

  • none

  • 80.00%

Features
  • Owner Occupier

  • Principal & Interest

  • Weekly, Fortnightly, Monthly

  • yes - free

  • no

  • yes - free

  • $0.00

  • yes

  • no

  • none

  • $535 discharge fee waived if the loan goes to full term. Valuation and legal fees waived when you refinance an existing loan of between $250,000 and $750,000. Must apply by 28 June 2019 and be unconditionally approved by 9 August 2019.

*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 $150,000 over 25 years.

Details

Rates and fees information correct as at 23 May 2019. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • 3.74% p.a.

  • n/a

  • 0 Months

  • none

  • 3.74% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • none

  • $0.00

  • $535.00

Other financial bits
  • $750,000

  • $1,000,000

  • none

  • 80.00%

Features
  • Owner Occupier

  • Principal & Interest

  • Weekly, Fortnightly, Monthly

  • yes - free

  • no

  • yes - free

  • $0.00

  • yes

  • no

  • none

  • $535 discharge fee waived if the loan goes to full term.

*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 $150,000 over 25 years.

Customer Reviews

How are Homestar home loans rated by the Mozo community?

Overall customer rating
6.3/10
Price
7.3/10
Features
6.3/10
Customer service
6.9/10
Convenience
6.0/10
Trust
5.9/10
Homestar

About Homestar

Homestar is a Sydney and Melbourne based company that offers home loans Australia wide, due to Homestar being a web and phone based non-bank lender that works to save you money. Homestar has been providing low rates on its home loans since 2004.

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*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 $150,000 over 25 years.