In a year of constant uncertainty, many homeowners are looking for some sort of stability, particularly when it comes to household costs and mortgage repayments.
Potentially pre-empting an interest rate cut by the RBA next week, one lender has jumped the gun and dropped their home loan interest rates on both owner occupied and investment home loans.
One of the benefits of being a mortgage broker is we get discretionary reductions on interest rates that aren’t available or advertised via the bank branch network. This lender is also offering a substantial cash back promotion too!
Home loan interest rate below 2%
This lender is offering great fixed rates for owner occupied home loans on P&I repayments;
1 year fixed rate 1.99% (Comparison rate 2.94%)
2 year fixed rate 1.99% (Comparison rate 2.99%)
3 year fixed rate 2.09% (Comparison rate 2.94%)
With every lender offer, there are some catches…
These rates are only available to a minimum loan amount of $350,000 and with an LVR of 80% or lower.
In addition to these great rates, the lender is also offering a $4,000 cash back! Minimum criteria will apply to qualify for this cash back promotion too.
Give us a call to find out if this product and offer is suitable for you.