The details shown below are for an owner occupier taking out a principal & interest loan between $150,000 and $850,000 with an LVR below 80%
The details shown below are for an owner occupier taking out a principal & interest loan between $850,001 and $1,000,000 with an LVR below 80%
Choose the version of this loan that suits you best
| Availability | Loan type | LVR | Min loan amount | Max loan amount | |
|---|---|---|---|---|---|
| | Owner Occupier | Principal & Interest | < 80% | $150,000 | $850,000 |
| | Owner Occupier | Principal & Interest | < 80% | $850,001 | $1,000,000 |
Owner Occupier (Principal & Interest)
LVR < 80%
Loan: $150,000 $850,000
Owner Occupier (Principal & Interest)
LVR < 80%
Loan: $850,001 $1,000,000
With a number of handy features including free extra repayments, a free redraw facility and variable rates starting low from 2.39% p.a. (2.39% p.a. comparison rate*), the Homestar Star Essentials Home Loan gives owner occupiers plenty to get excited about. Speaking of excitement, the Star Essentials Home Loan was also named a 2020 Mozo Experts Choice Award winner for Best Low Cost Home Loan!
The Star Essentials Home Loan is available for owner occupiers and comes with two rate tiers. If you’re borrowing less than $850,000, rates start from as low as 2.39% p.a. (2.39% p.a. comparison rate*). If you plan to borrow between $850,000 and $1,000,000, you’ll receive a slightly higher variable rate of 2.59% p.a.(2.59% 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.
There is a valuation fee, a legal documentation fee and discharge fee at the end of your loan to budget for.
With a rate this low, it's hard to go wrong, but this loan is mainly suited to owner-occupiers who want a mortgage with a few of the key features that could help save money, without all the bells and whistles of a full-feature loan.
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.
2.39% p.a.
n/a
n/a
n/a
2.39% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$0.00
$0.00
$0.00
$0.00
n/a
$0.00
$535.00
$150,000
$850,000
none
80.00%
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.
Upfront fees waived up to $250 for valuation and up to $265 for legal documentation for applications received by 30 June 2020 and settled by 30 September 2020.
2.59% p.a.
n/a
n/a
n/a
2.59% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$0.00
$0.00
$0.00
$0.00
n/a
$0.00
$535.00
$850,001
$1,000,000
none
80.00%
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.
Upfront fees waived up to $250 for valuation and up to $265 for legal documentation for applications received by 30 June 2020 and settled by 30 September 2020.
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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