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Top 5 refinancing home loan rates in July 2020
Is your home loan rate still competitive? If you’ve let it go for a while, chances are you’ll be paying more than you should.
The good news is this: The cash rate is the lowest it’s been in our history.
This has created a fiercely competitive home loan market with rock bottom rates. In fact, many banks and mortgage lenders are offering cashback deals and other enticing incentives to win your business.
While cashbacks are tempting, it’s important to consider the interest rates and fees of these special offers. A short-term win in the form of a cashback may not provide the long-term value of a “no-frills” home loan with a lower rate and fees.
Does your mortgage represent good value? To find out, compare it to RateCity’s top 5 refinancing home loans for July 2020:
Before you choose a home loan, or make a similar major financial decision, it’s important to seek professional advice from a financial counsellor or mortgage broker.
Disclaimer
This article is over two years old, last updated on June 30, 2020. While RateCity makes best efforts to update every important article regularly, the information in this piece may not be as relevant as it once was. Alternatively, please consider checking recent home loans articles.
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