November 2017’s cheapest variable rate mortgages

Adam Smith 7 November 2017 NEWS

Woman and man on couch

A new poll has found a rate hike could put borrowers in dire straits. Getting a lower home loan rate could save you from feeling the pinch.

Details of the home loans featured on this page were correct for 7 November 2017. Check out all our cheapest loans here

A survey by ME found Australian mortgage holders are extremely sensitive to rate hikes. Of the 2,000 mortgage holders polled, 56% said a rise of even 1% would have an adverse impact on their finances. Forty-three per cent said they would spend less as the result of a rate hike, while 27% of investors said they would sell their investment property.

In spite of mortgage holders’ concerns, great home loan deals still abound. We’ve searched through finder’s database to find November’s cheapest variable rate home loan deals available through our site. We applied a few criteria, to ensure the loans we listed would be helpful to a wide variety of borrowers:

  • All loans listed are for owner-occupiers.
  • All loans listed are principal and interest.
  • All loans have a maximum loan-to-value ratio (LVR) of at least 80%.

We also made sure of the following:

  • Each loan has a minimum loan amount of no more than $150,000.
  • Each loan has a maximum loan amount of more than $500,000.
  • Excludes line of credit, guarantor and construction loans.
  • Rates are correct as of 7 November 2017.

While rate rises may be on the horizon, getting yourself a better rate now can help insulate you. Rates aren’t the only factor to take into consideration when choosing a home loan, but if you’re looking to safeguard your budget the loans below may be able to help.

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Compare all finder's cheapest home loans here

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