Australia's best home loans revealed

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Would you like to save thousands of dollars on your mortgage repayments? A new report has highlighted Australia’s best home loans for property investors, refinancers and first homebuyers. Read on to find out more.

Selecting the right mortgage could save you thousands of dollars over the term of your loan, but with thousands of products available on the market prospective home buyers are faced with the daunting task of trying to compare home loans.

For anyone looking to take out a mortgage in the near future, the release of Your Mortgage magazine’s much-anticipated 20th annual Mortgage of the Year Awards issue will be welcome news. This special edition of Your Mortgage magazine showcases the best home loans in Australia for first homebuyers, refinancers and property investors, to help prospective buyers find the ideal loan for their situation.

“We compared over 1,000 mortgage products to find the best loans from banks, non-bank lenders, and building societies and credit unions,” said Your Mortgage editor Tim McIntyre. “The market is currently flooded with products tailored to the circumstances of almost any individual, which makes competition for business fierce and customer friendly, even more so as RBA rate cuts begin to filter down.”

As if to prove that the big banks aren’t always the best, this year’s Mortgage of the Year winner was State Custodians’ Standard Variable Home Loan. This product also rated the best overall in the first homebuyer category, helping State Custodians to take the title of Non-Bank Lender of the Year.

The latest issue of Your Mortgage magazine contains the full list of winners and detailed information about each of the products features, to assist prospective homebuyers in selecting the best loan for their needs.

“Choosing a mortgage is a big part of buying a property, and Your Mortgage magazine’s impartial assessment of the range available in the market makes it easier for Australians who are looking to finance the purchase of their next home,” said McIntyre. “Of course, the RBA rate cut announcement earlier this month will affect interest rates, so visit the Your Mortgage website for the most up to date rates information.”

To find out more about Australia’s best home loans, and for 160 pages of tips on investing in property, buying your first home and refinancing your mortgage, pick up a copy of Your Mortgage at your local newsagent or online at the Your Mortgage website.

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