Non-major cuts mortgage rates

A Queensland-based bank has today announced discounts on both variable and fixed rates for both owner-occupied and investment loans.

Auswide Bank today revealed its summer offer for new residential owner occupied and investment home loans used for purchase or refinance, just weeks after announcing similar changes to its rates.

The new owner-occupied offer includes a discounted variable rate of 3.79 per cent per annum (p.a.), a 'life of loan’ discount of 1.54 per cent p.a. off the standard variable reference rate.

It is available on new Principal & Interest (P&I) home loans of $150,000 or more with loan-to-valuation ratios of up to 90 per cent. It is not available for pre-approvals, interest only, construction or non-resident lending.

A discounted three-year fixed rate of 3.89 per cent p.a. is also available for owner-occupiers.

Auswide Bank is our local bank located in Redlynch Central. Read More Here