Mutual lender Heritage Bank has trimmed its discount variable rate home loan for owner-occupied loans.
The new rate of 4.08%, down from 4.14%, applies to new owner-occupier home loans of more than $150,000.
In conjunction with the rate cut, Heritage’s head of third party channels, David Ure, has announced further home loan offers available to brokers.
“On top of cutting our interest rates, we are currently waiving application fees on new standard variable, discount variable and fixed rate home loans until 30 November 2015. That alone could save customers $600,” he said.
“We have also recently released a new Home Advantage Package that offers significant potential savings, through discounts and fee waivers, for customers who package together their home loan, credit card and transaction account.
“Heritage is definitely a great option for brokers to consider for their customers.”
In the 2015 financial year, Heritage Bank grew its home loan approvals by 27.6%, approving loans worth $1.838 billion over the year. The mutual lenders overall loan book climbed by $227 million, a 3.5% increase.
Can you afford to buy in this suburb? Find out how much you can borrow
Top Suburbs :
Get help financing your investment
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 expert 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, our mortgage broking service is at no cost to you.
We value your privacy and treat all your information seriously - you can check out