Homestar Star Essentials Home Loan
This product is available in different versions. Pick the right version for you here.
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
Homestar Star Essentials Home Loan
2.94% p.a.
2.96% p.a.
$0.00
Homestar Star Essentials Home Loan
2.94% p.a.
2.96% p.a.
$0.00
2.94% p.a.
2.96% p.a.
$0.00
Mozo Review Homestar Star Essentials Home Loan Review
Last updated: 1 October 2019.
What's hot:
Variable rates from 2.74% p.a. (2.77% 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 2.74% p.a. (2.77% p.a. comparison rate*), the Homestar Star Essentials Home Loan gives owner occupiers plenty to get excited about.
Key features:
The Star Essentials Home Loan is available for owner occupiers and comes with two rate tiers. If you’re borrowing less than $850,000, you’ll receive an excellent 2.74% p.a. (2.77% 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 2.94% p.a.(2.96% 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.
Who it's good 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.
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 6 December 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
-
2.74% p.a.
-
n/a
-
n/a
-
n/a
-
2.77% p.a.
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
Fees
-
$0.00
-
$264.00
-
$248.08
-
$83.93
-
n/a
-
$0.00
-
$535.00
Other financial bits
-
$150,000
-
$850,000
-
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.
-
none
Details
Rates and fees information correct as at 6 December 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
-
2.94% p.a.
-
n/a
-
n/a
-
n/a
-
2.96% 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
-
n/a
-
$0.00
-
$535.00
Other financial bits
-
$850,001
-
$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.
-
none
Customer Reviews
How are Homestar home loans rated by the Mozo community?
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.
Promoted
Well Home Loans
Well Balanced
2.82% p.a. variable
2.86% p.a.
$785
Promoted
Queensland Country Credit Union
RateSaver (Fixed)
3.49% p.a.
fixed 3 years
3.90% p.a.
$500
Promoted
IMB Bank
Budget Home Loan
3.13% p.a. variable
3.19% p.a.
$799
Promoted
Well Home Loans
Well Balanced
2.82% p.a. variable
2.86% p.a.
$785
Promoted
Easy Street
Standard Variable Home Loan
2.95% p.a. variable
2.99% p.a.
$500
Promoted
Newcastle Permanent
Real Deal Home Loan
3.19% p.a.
3.23% p.a.
$0
Promoted
loans.com.au
Fixed Home Loan
2.99% p.a.
fixed 3 years
3.27% p.a.
$520
Promoted
Queensland Country Credit Union
RateSaver (Fixed)
3.49% p.a.
fixed 3 years
3.90% p.a.
$500
Promoted
Well Home Loans
Well Balanced Fixed
2.74% p.a.
fixed 3 years
2.84% p.a.
$785
Promoted
IMB Bank
Fixed Home Loan
2.84% p.a.
fixed 3 years
3.44% p.a.
$799
Promoted
Newcastle Permanent
Fixed Rate Home Loan (Premium Plus Package)
2.89% p.a.
fixed 3 years
3.96% p.a.
$0
