Two non-bank lenders have joined the recent wave of fixed rate cuts, and have opened the discounted fixed rates to construction loans.
Australian First Mortgage has reduced the two and three-year fixed rates on its Flexible Option Full Doc products, with its two-year rate now 6.79% and its three-year rate at 6.84%.
Meanwhile, Future Financial has also announced cuts to its fixed rate products, bringing its two-year rate to 6.79% and its three-year rate to 6.89%.
Both companies have opened the products to residential construction loans for owner-occupiers and investors, and both include the option of a 100% offset account. Future Financial has also touted a rollover rate of 7.19% at the end of its fixed rate period.
Do you have more than $200k in your super fund? You could use your super to buy property - Find out how
Top Suburbs :
Get help with your investment property
Do you need help finding the right loan for your investment?
When investing in property, it is important to make sure that you not only have the lowest available rate that you can get, but also have the correct loan features for your needs.
Just fill in a few details below and we'll then arrange for a local Aussie Mortgage Broker to contact you and work out what features or types of loans are right for your needs. We'll even help with the paperwork. Plus and appointment is free.
We value your privacy and treat all your information seriously - you can check out