Jasmine Gearie

3 weeks ago | mozo.com.au | Jasmine Gearie

ANZ, CommBank and NAB do not automatically lower direct debit repayments for your mortgage when variable rates come down. Millions of home loan customers may be wondering why their mortgage repayments haven’t been cut back, as more than half (52%) of owner occupier home loans are with ANZ, CommBank and NAB. Borrowers who want their direct debit to be reduced must manually request a change or adjust their repayment online or in-app.

1 month ago | mozo.com.au | Jasmine Gearie

IMB Bank has sliced 40 basis points off its two- and three-year fixed rate home loans – almost doubling the Reserve Bank’s May cut of 0.25% – and further cementing its place as one of our top picks for the cheapest home loans currently available. The 0.40% p.a. cut means IMB’s two-year fixed rate now comes in at 5.29% p.a. (5.72% p.a. comparison rate*), and the three-year term also has a 5.29% p.a. interest rate (5.69% p.a. comparison rate*).

1 month ago | l8r.it | Jasmine Gearie

IMB Bank has sliced 40 basis points off its two- and three-year fixed rate home loans – almost doubling the Reserve Bank’s May cut of 0.25% – and further cementing its place as one of our top picks for the cheapest home loans currently available. The 0.40% p.a. cut means IMB’s two-year fixed rate now comes in at 5.29% p.a. (5.72% p.a. comparison rate*), and the three-year term also has a 5.29% p.a. interest rate (5.69% p.a. comparison rate*).

2 months ago | mozo.com.au | Jasmine Gearie

The Commonwealth Bank dominates the mortgage market in Australia, and if you’re considering the major provider for your home loan, it’s worth looking at its online-only Digi Home Loan as it’s where you’ll find CommBank’s lowest variable interest rates. We also suggest adding digital lender Unloan to your shortlist. Unloan is owned and backed by CommBank, but operates as a separate brand so you won’t find its loans advertised on the CommBank website or with mortgage brokers.

2 months ago | mozo.com.au | Jasmine Gearie

Macquarie has cut another 20 basis points off its fixed rate home loans, vastly undercutting what’s on offer at the Big Four banks. With its two- and three-year fixed rates now starting at 5.29% p.a. for owner occupiers, Macquarie has the equal-lowest rates for these terms that are available to anyone. This is the second time that Macquarie has dropped its fixed rates in the past month, signalling intense competition among home loan lenders seeking to lure in new customers.