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

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

Variable interest rates are likely to rise further before the year is out, with the RBA governor committing to “do what it takes” to get inflation under control. This could put more pressure on some Australian investors and refinancers, making it more important to compare available mortgage offers.

Even mortgage holders on fixed interest rates aren’t immune. No fixed rate home loan lasts forever in Australia, and with expiry dates approaching for some of the borrowers who took out low-rate fixed loans at the height of the pandemic, bill shock could be on the cards for the future.

Whether you’re currently looking to refinance a mortgage, or may want to switch to a more affordable loan when your fixed rate reverts to variable, it may be worth keeping an eye on RateCity’s Home Loan Leaderboards, which rank home loan deals by their Real Time Ratings™. As these ratings are updated daily, you can be confident that you’re getting a more accurate indication of the cost and flexibility of different home loan options at any given time.

Some of the best refinance home loans 

While interest rates are reportedly on the rise, it’s important to remember that Australian mortgage holders hold $222 billion in their offset accounts, with the average mortgage holder reportedly four years ahead in their repayments. While these extra buffers could help to insulate a borrower from rising rates, borrowers who have been able to get ahead on their home loans may also be able to use this extra equity to refinance, as some low-rate offers also require a low Loan to Value Ratio (LVR).

Company
Product

Health, Wealth and Happiness Package

Real Time Rating™

2.20

/ 5
Interest Rate

4.36

% p.a

Variable

Comparison Rate*

4.74

% p.a

Repayment

$1,644

monthly

Real Time Rating™

2.20

/ 5
Go to site
Company
Product

Momentum Home Loan

Real Time Rating™

4.36

/ 5

Winner of Best Refinance Home Loan, RateCity Gold Awards 2022

Interest Rate

2.74

% p.a

Variable

Comparison Rate*

2.76

% p.a

Repayment

$1,382

monthly

Real Time Rating™

4.36

/ 5
Go to site

Winner of Best Refinance Home Loan, RateCity Gold Awards 2022

Company
Product

Total Home Loan Package

Real Time Rating™

2.20

/ 5
Interest Rate

4.40

% p.a

Variable

Comparison Rate*

4.78

% p.a

Repayment

$1,651

monthly

Real Time Rating™

2.20

/ 5
Go to site
Company
Product

Standard Variable

Real Time Rating™

2.20

/ 5
Interest Rate

4.60

% p.a

Variable

Comparison Rate*

5.00

% p.a

Repayment

$1,685

monthly

Real Time Rating™

2.20

/ 5
Go to site
Company
Product

Full feature home loan

Real Time Rating™

2.20

/ 5
Interest Rate

5.36

% p.a

Variable

Comparison Rate*

5.43

% p.a

Repayment

$1,817

monthly

Real Time Rating™

2.20

/ 5
Go to site

Some of the best 2 year interest only investor home loans

Investors hoping to manage their costs may be interested in an interest-only loan, which can help to minimise their repayments. While an interest-only term won’t reduce the principal amount owing, and may mean the mortgage takes longer to pay off, costing you more in total interest charges, it can also offer some welcome relief in the shorter term.

Company
Product

Yard Investor Loan

Real Time Rating™

1.84

/ 5
Interest Rate

6.22

% p.a

Fixed - 2 years

Comparison Rate*

4.22

% p.a

Repayment

$1,555

monthly

Real Time Rating™

1.84

/ 5
Go to site
Company
Product

Fixed Rate Wealth Maximizer

Real Time Rating™

1.59

/ 5
Interest Rate

6.09

% p.a

Fixed - 2 years

Comparison Rate*

4.46

% p.a

Repayment

$1,523

monthly

Real Time Rating™

1.59

/ 5
Go to site
Company
Product

Fixed Home Loan

Real Time Rating™

2.03

/ 5
Interest Rate

4.84

% p.a

Fixed - 2 years

Comparison Rate*

3.26

% p.a

Repayment

$1,210

monthly

Real Time Rating™

2.03

/ 5
Go to site
Company
Product

Premium Home Loan Package

Real Time Rating™

2.26

/ 5
Interest Rate

4.85

% p.a

Fixed - 2 years

Comparison Rate*

3.77

% p.a

Repayment

$1,213

monthly

Real Time Rating™

2.26

/ 5
Go to site
Company
Product

Package

Real Time Rating™

1.48

/ 5
Interest Rate

5.97

% p.a

Fixed - 2 years

Comparison Rate*

3.99

% p.a

Repayment

$1,493

monthly

Real Time Rating™

1.48

/ 5
Go to site

Cashback

Receive $3,288 when you refinance min of $250k

Some of the best green home loans

Borrowers looking to refinance to a mortgage with low interest rates and flexible features and benefits may see some value in going green. Provided the property meets the required green standards, or you’re refinancing to add environmentally friendly features, you may be able to benefit from discounted deals.

Company
Product

Green Offset 90 P&I

Real Time Rating™

3.76

/ 5
Interest Rate

2.89

% p.a

Variable

Comparison Rate*

3.32

% p.a

Repayment

$1,406

monthly

Real Time Rating™

3.76

/ 5
Go to site
Company
Product

Sustainable Home Loan

Real Time Rating™

2.46

/ 5

Winner of Best Small Deposit Home Loan, RateCity Gold Awards 2022

Interest Rate

3.54

% p.a

Variable

Comparison Rate*

3.58

% p.a

Repayment

$1,508

monthly

Real Time Rating™

2.46

/ 5
Go to site

Winner of Best Small Deposit Home Loan, RateCity Gold Awards 2022

Company
Product

Green Home Loan

Real Time Rating™

4.25

/ 5

Winner of Best Green Home Loan, RateCity Gold Awards 2022

Interest Rate

2.63

% p.a

Variable

Comparison Rate*

3.05

% p.a

Repayment

$1,366

monthly

Real Time Rating™

4.25

/ 5
Go to site

Winner of Best Green Home Loan, RateCity Gold Awards 2022

Company
Product

Green Plus Home Loan

Real Time Rating™

3.38

/ 5
Interest Rate

2.99

% p.a

Variable

Comparison Rate*

3.32

% p.a

Repayment

$1,421

monthly

Real Time Rating™

3.38

/ 5
Go to site
Company
Product

Eco Home Loan

Real Time Rating™

3.19

/ 5
Interest Rate

2.99

% p.a

Variable

Comparison Rate*

3.04

% p.a

Repayment

$1,421

monthly

Real Time Rating™

3.19

/ 5
Go to site

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This article was reviewed by Personal Finance Editor Georgia Brown before it was published as part of RateCity's Fact Check process.

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