Home Loan Ratings
Has your mortgage been awarded a CANSTAR star rating? To calculate the star ratings CANSTAR evaluate over 1,600 home loans from 110 lenders and are given a rating out of 5, 5 stars being outstanding and 1 star satisfactory. These ratings are a consumer-friendly benchmark to assist you in comparing mortgages based on their rates and features and help you choose the best one that meets all of your requirements. Some of the mortgage features that are measured include:
- The published rate (%) for a loan of $250k
- Loan fees both upfront and ongoing
- Availability of spilt facility
- Principal plus interest or interest only
- Max LVR
- Min loan amount
- If 100% offset account is available
- Redraw facility
Only the top 5 percent of products scored using the CANSTAR star ratings methodology are awarded the prestigious five star status. As a consumer, this is your guarantee of a high-performance and superior value product. The rising star status is given to mortgage products which do not meet the criteria for being rated (perhaps they have only been on the market for six months), but show potential to score highly in the near future.
View the table below to see mortgages that have received a star rating.
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