Some of the best home loans in June 2021

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The era of record fixed rates may end, with major banks starting to raise rates on fixed mortgage loans – first for 4 and 5 year fixed rates, and now for 2 and 3 year fixed rates. However, there are still mortgage deals available for Australians who want a low rate, as well as other rewarding options.

One of the easiest ways to estimate which mortgage options may offer the most value is to view their real-time ratings ™ from RateCity. These star ratings are regularly updated to include both the costs of a loan in interest and fees, as well as the flexibility offered by its features and benefits.

The highest rated home loans in different categories can be compared on RateCity’s home loan rankings, with high ranking home loans eventually becoming eligible for a RateCity Gold Award.

Ratings are correct at time of posting. Please note that lenders may swap places on the list as interest rates and fees change and RateCity’s tracker reflects these movements.

Some of the best fixed rate home loans

Although four- and five-year fixed interest rates below 2% are no longer available, there are still low-rate three-year fixed-rate home loan arrangements. Just keep in mind that with the Reserve Bank of Australia (RBA) likely to keep the cash rate on hold until at least 2024, you may find that variable rates have increased by the time your fixed term expires. Consider your budget and the possibility that you may have difficulty paying your mortgage in the future.

Some of the Best 3 Year Fixed Home Loans

Some of the best small deposit home loans

With house prices so high in some Australian capitals, it’s no surprise that saving a deposit for a home loan is one of the most difficult stumbling blocks for many borrowers, especially especially first-time home buyers.

Home loans available with 95% LVR often have higher interest rates than other options, or may come with fewer features, perks, and other bells and whistles.

That said, only needing to save a 5 percent deposit can make these loans valuable to some borrowers, especially if they can get additional support from Homeowner Grants, or use the first loan deposit system. real estate to have the remaining 15 percent of the government guaranteed deposit, avoiding lender mortgage insurance (IMT) fees.

Some of the best small deposit home loans

Some of the best variable rate home loans

Setting your interest rate isn’t the only game in town when it comes to home loans. There are also several lenders offering relatively low variable interest rates, many with flexible repayment options.

Some of the best variable home loans

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