Some of the best home loans for investors and refinancers in May 2022

With many banks and other mortgage lenders passing on the Reserve Bank of Australia’s (RBA) recent cash rate hike, many mortgage holders may soon start to feel the pinch in their budgets. And with more rate hikes expected in the future, it can be worth comparing alternative home loan options to get a better idea of ​​which pick might offer more value.

RateCity’s rankings rank home loan offers into different categories based on their Real-Time™ ratings. By combining the cost and flexibility of each home loan into a single star, you can quickly get a better idea of ​​the overall value of each deal.

(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 Refinance Home Loans

Many Australian mortgage lenders announced they would pass on the RBA cash rate hike by raising variable interest rates, some within 24 hours of the RBA board meeting. As these rate hikes begin to take effect, some homeowners may already be considering other mortgage options.

While further rate hikes are expected in the future, with the RBA itself predicting that the cash rate could rise to as much as 2.5%, there are still currently several lenders offering interest rates below 2 %, for borrowers with sufficient equity. their assets to meet the eligibility criteria:

Green real estate loan

Winner of Best Green Home Loan, RateCity Gold Awards 2022

Winner of Best Green Home Loan, RateCity Gold Awards 2022

Star Gold home loan

Winner of Best Refinance Home Loan, RateCity Gold Awards 2022

Winner of Best Refinance Home Loan, RateCity Gold Awards 2022

Standard Variable Home Loan

Expect more home loans

special

Special offer for new Expect More Home Loan customers ~ Ends with 15 days

Freedom variable

Winner of Best Refinance Home Loan, RateCity Gold Awards 2022

Winner of Best Refinance Home Loan, RateCity Gold Awards 2022

Some of the Best Variable Rate Home Loans for Investors

Real estate investors with variable interest rates may also start to see their budget affected by the recent rise in interest rates. Switching to an alternative lender could also be an option to consider, although it is also important to consider factors other than the interest rate, such as value-added repayment offers.

Variable investment real estate loan

Winner of Best Investor Home Loan, RateCity Gold Awards 2022

Winner of Best Investor Home Loan, RateCity Gold Awards 2022

special

$5,000 homeownership grant on qualifying loans

Home loan special offer back to basics

Cash back

Receive $3,000 cash when you take out a Suncorp Bank home loan of $750,000 or more with LVR ~ Ends with about 1 month

Cash back

Up to $4,000 refinance cashback offer ~ Ends with 15 days

Rate cutter for investors

Winner of Best Investor Home Loan, RateCity Gold Awards 2022

special

Instant online approval

Winner of Best Investor Home Loan, RateCity Gold Awards 2022

Some of the best 5-year fixed interest loans for investors

Investors worried about rising interest rates may be curious to lock in their interest charges for up to five years. While lenders raised fixed rates ahead of the RBA meeting, while cutting variable rates, switching to interest-only repayments could help keep the cost of your investment constant for a limited time.

Remember, you won’t be able to refinance this mortgage without paying a break fee, and because you’re not reducing the principal, you could end up paying more total interest on the property in the long run.

Premium Home Loan Package

Wealth Creator Investor Loan

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

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