Our express round-up also features no-valuation policies, commercial loans and qualifying rates
Our express round-up also features no-valuation policies, commercial loans and lower qualifying rates
1. Aussie cut variable rate to 4.79%
A 5bps cut was enough to bring Aussie’s Select Basic Variable Rate to its lowest level ever. The rate is available for loans of up to $500,000 and maximum 80% LVR.2. ANZ no val policy
The bank will not require a valuation for loans up to $1 million for LVR’s up to 80%, or for loans up to $750,000 with LVR’s up to 90%. Broker, client and real estate agent must be in the same state.3. ING reduced commitment fee
Non-major lowers commitment fee to $500 for commercial loans approved by 31 December.
4. Heritage lowers qualification rate
From today the qualifying rate for borrowers is 7.40%, a 30bps drop from the previous level.
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