Hunter United No Regrets 1st Home Buyers

Mozo snapshot:

Hunter United has gone above and beyond for first home buyers with its No Regrets 1st Home Buyers loan. Along with a competitive 3.09% p.a. variable rate (3.19% p.a. comparison rate*), you’ll be treated to a range of features to help you get ahead on your mortgage. Plus, you’ll only need a 10% deposit, and parent guarantees are accepted to secure the loan.

Key features:

If you’re a first home buyer, you’ll find there’s plenty to like about this home loan from Hunter United. Along with a low 3.09% p.a. variable rate (3.19% p.a. comparison rate*), it comes packed with features to help you save on interest.

You’ll have your choice of making weekly, fortnightly or monthly repayments, as well as the option to make extra repayments to pay down your loan faster if you wish. And if at any point you decide you’d like those extra funds back in your pocket, you can easily retrieve them with the redraw facility. Just remember, you need to redraw at least $250 each time and you’ll only get one free redraw per month; after that, fees will apply. 

And if you’re looking to bring down the total interest you pay, the offset account could come in handy. Stash your savings in here and you won’t have to pay interest on an equal portion of your home loan.

There are a few fees that come with this home loan, the biggest being the $8 monthly fee (which adds up to $104 a year). Along with that, there’s also an $80 discharge fee, which you’ll be looking at once you end your loan.

Who it's good for:

First home buyers in search of a low rate home loan to help kick off their property journey will appreciate this offering from Hunter United, especially when you consider you’ll only need a 10% deposit.