According to Canstar, 23 lenders have cut at least one variable home loan rate since May to attract new borrowers, despite three cash rate increases so far this year.

That’s great news for borrowers, but there’s a catch: these lower rates are generally only available to new borrowers.

Existing borrowers would need to refinance to another lender to access them.

This is a timely reminder that sticking with the same home loan for years doesn’t always pay. If you haven’t reviewed your mortgage in some time, there may be more competitive options available.

Direct Credit Home Loans continues to offer competitive standard variable home loans for new and refinancing borrowers with:

• A strong financial history

• Stable income

• Full income documentation

#refinancing #homeloans #interestrates

Want to review your home loan?

Direct Credit Home Loans can help you compare your current loan with our competitive range of variable home loans. Contact us on (07) 3726 1124 or email [email protected] to discuss your refinancing.