Online home loan provider, Homestar Finance, leads the market with one of the lowest home loan variable rates at 1.79%
Homestar Finance is currently keeping its best rate offering for the Star Gold owner-occupier principal and interest product at 1.79% p.a. (comparison rate 1.84% p.a.) unchanged for both new and existing customers.
“Our decision was made to help as many Australians as possible by continuing to provide a home loan with one of the lowest rates in the market,” said Andrew Chepul, CEO of Homestar Finance.
Having been featured across media outlets as offering the “cheapest rates in the market right now,” this means that the average Homestar Finance borrower won’t see the $65 a month raise in their repayments on a $500,000 loan over 25 years. “That’s a great outcome for our customers, as well as those out in the market looking to refinance their existing home loan or secure their first home in a rising interest rate market,” added Andrew.
Over 60% of Australia’s wealth is in residential property. “As one of the leading online home loan providers in Australia, we are continuing our commitment to helping Australians achieve their dream of homeownership sooner, and to support customers to ensure financial stability.
Homestar Finance recently launched a new campaign featuring comedian Julia Morris. Homestar Finance offers features like a traditional bank, without the hurdles. With Homestar’s Star Gold home loan account, Aussies can get an offset account and Visa Debit card, together with internet, mobile, and digital wallet access.
Disclaimer: This article is not intended as legal, financial or investment advice and should not be construed or relied on as such. Before making any commitment of a legal or financial nature you should seek advice from a qualified and registered Australian legal practitioner or financial or investment advisor.