Some of the best home loans in May 2022

After months of speculation and anticipation, the Reserve Bank of Australia (RBA) raised the national spot rate at its May meeting. This could lead to higher interest rates in the future, hence the importance of comparing available options before choosing a mortgage lender.

It’s important to keep in mind that interest charges and fees on a home loan are only one aspect of choosing a mortgage. It’s also important to consider the features and benefits of a home loan, which could make a big difference in its overall value.

RateCity’s Real Time Ratings™ combine the cost and flexibility of home loans into a single rating, updated daily to provide a more accurate indication of its potential value. Top-rated home loans in different categories are ranked in RateCity’s home loan rankings, which are in turn used to help select RateCity Gold Award winners.

(Rankings correct at time of publication. 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 variable rate home loans

Following the rise in the national cash rate, interest rates on many home loans are expected to begin to rise. Some economists are predicting that Australia could expect to see steady rate hikes for the next year or more as the RBA tries to slow the effects of inflation on the broader economy.

When selecting an adjustable rate home loan, it is important to consider whether you will be able to comfortably afford the repayments now and in the future. Flexible home loan features such as access to additional repayments, offsetting, and withdrawals can also be helpful in managing your mortgage repayments.

Input variable (with offset)

Winner of Best Home Loans Over $1M, Best Variable Home Loan, Best Refinance Home Loan, RateCity Gold Awards 2022

Winner of Best Home Loans Over $1M, Best Variable Home Loan, Best Refinance Home Loan, RateCity Gold Awards 2022

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Up to $4,000 refinance cashback offer ~ Ends with 28 days

Standard Variable Home Loan

Winner of Best Home Loans Over 1m, Best Variable Home Loan, RateCity Gold Awards 2022

Winner of Best Home Loans Over 1m, Best Variable Home Loan, RateCity Gold Awards 2022

Home loan special offer back to basics

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Receive $3,000 cash when you take out a Suncorp Bank home loan of $750,000 or more with LVR ~ Ends with about 2 months

Saver

Winner of Best Variable Home Loan, Best Refinance Home Loan, RateCity Gold Awards 2022

Winner of Best Variable Home Loan, Best Refinance Home Loan, RateCity Gold Awards 2022

Some of the Best 5 Year Fixed Home Loans

It’s no secret that several major mortgage lenders have repeatedly increased their fixed rate mortgage offerings in recent months.

While many fixed-rate home loans may charge higher interest rates than their variable-rate counterparts right now, locking in a constant interest rate for five years could provide much peace of mind. necessary for some borrowers who are concerned about runaway variable rates. . Just keep in mind that you may not be able to refinance with another lender during the fixed rate term without paying a break fee.

Premium Home Loan Package

myBlue Home Loan (Fixed Rate) (Capital and Interest)

Some of the best packaged home loans

When interest rates rise, sometimes it’s the extra features and benefits that can make the difference when choosing between mortgage options.

For some borrowers, a packaged home loan, which combines a mortgage with a credit card and/or bank account, could offer a lot of convenience, as you may be able to manage several of your financial products and services in one place. You can also review packaged products and services and determine if you can get better value by choosing separate offers.

Expect more home loans

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Special offer for new Expect More Home Loan customers ~ Ends with 28 days

Premium Home Loan Package

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Forfait Maison Plus Annual fees reimbursed for the duration of the loan.

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