As the name implies, the No Regrets 1st Home Buyers loan from Hunter United is all about first home buyers. Along with a competitive 2.69% variable rate (2.69% comparison rate*), it comes with a range of features to help buyers get ahead on their mortgages plus a minimum deposit of just 10%.
If you’re a first home buyer looking to borrow at least $250,000, you’ll find there’s plenty to like about the No Regrets 1st Home Buyers home loan from Hunter United. Along with a low 2.69% variable rate (2.69% 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 also no upfront or any ongoing service fees to budget for. Just bear in mind that there is an $80 discharge fee which you’ll need to pay once you end your loan.
First home buyers in search of a low rate home loan to help kick off their property journey may appreciate this offering from Hunter United, especially when you consider the lack of fees involved and the fact that you’ll only need a 10% deposit.
As the name suggests, this home loan is limited to first home buyers. And if you’re looking to make use of the redraw facility, keep in mind there’s a minimum redraw of $250 and you’ll only be able to make one free redraw each month.
2.69% p.a.
n/a
n/a
n/a
2.69% 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
$80.00
$250,000
none
none
90.00%
Owner Occupier
Principal & Interest
Weekly, Fortnightly, Monthly
yes
yes
yes - fees apply
$250.00
yes
yes
Available to first home buyers only.
1 free redraw a month
none
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.
Hunter United is a community based financial institution that serves the Hunter Valley region. Hunter United is a conservative and responsible lender that specialises in providing valued financial services to its customers. The financial services that Hunter United offers include savings, loans, credit cards and investment products. Hunter United offers competitive rates to both borrowers and lenders within its banking, insurance and superannuation services.
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2.76% p.a.
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1.99% p.a.variable for 12 months and then 2.48% p.a.
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2.12% p.a.
$0.00
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2.33% p.a.variable for 24 months and then 3.82% p.a.
3.71% p.a.
$8.00 monthly
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.
