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

Multiple back-to-back hikes in the Reserve Bank of Australia’s (RBA) national cash rate could put pressure on the budgets of many Australian mortgage holders, leading to more talk of refinancing. But as lenders continue to pass on RBA rate hikes (which are expected to continue), how can you be sure you’re getting a home loan that will meet your needs?

Before investors or homeowners switch ship to another mortgage lender, it’s important to compare the options available. RateCity’s Real Time Ratings™ combine the cost and flexibility of different home loans into one simple star rating. This score is updated daily to help you more accurately compare the potential value offered by different home loans, even as lenders update their mortgage products.

RateCity’s home loan rankings also rank home loan offers into different categories based on their Real-Time™ ratings, so you can quickly compare some of the best choices in your area of ​​interest.

Some of the Best Refinance Home Loans

A range of home loan choices are available for mortgage holders looking to refinance, with lower interest rates and flexible features and benefits that could help you manage your repayments.

That said, many of these home loans also have relatively low loan-to-value (LVR) requirements, meaning you may need to have more than 30 or 40% equity in your property to be eligible. approved. If you have only purchased a property relatively recently, your equity may already be quite low. And with real estate values ​​in some areas set to fall due to rising interest rates, you may struggle to qualify for some of the top rated refinance loans for some time.

Freedom variable

Winner of Best Refinance Home Loan, RateCity Gold Awards 2022

Winner of Best Refinance Home Loan, RateCity Gold Awards 2022

Well balanced

Winner of Best Refinance Home Loan, RateCity Gold Awards 2022

Winner of Best Refinance Home Loan, RateCity Gold Awards 2022

Expect more home loans

Standard Variable Home Loan

Winner of Best Home Loans Over 1m, Best Variable Home Loan, RateCity Gold Awards 2022

Winner of Best Home Loans Over 1m, Best Variable Home Loan, RateCity Gold Awards 2022

Some of the Best Variable Home Loans for Investors

Some investors may be eager to switch to a fixed interest rate to avoid repeated rate hikes. However, many lenders have already increased their fixed interest rates, so making the switch could mean paying a higher interest rate on a loan that may be less flexible and harder to refinance.

A variable interest rate on home loans may rise when the RBA raises the cash rate, but it could also fall if the RBA cuts the cash rate in the future (as some economists have predicted), and is more likely to offer more flexible repayment options than a fixed rate loan. A few lenders also offer additional incentives, such as money back offers.

Reduced rate mortgage – Premium (investment) (capital and interest)

Winner of Best Investor Home Loan, RateCity Gold Awards 2022

Winner of Best Investor Home Loan, RateCity Gold Awards 2022

Freedom variable

Winner of Best Investor Home Loan, RateCity Gold Awards 2022

Winner of Best Investor Home Loan, RateCity Gold Awards 2022

Home equity loan (investment, principal and interest)

Cash back

Receive $3,288 when you refinance a minimum of $250,000

Variable investment real estate loan

Winner of Best Investor Home Loan, RateCity Gold Awards 2022

Winner of Best Investor Home Loan, RateCity Gold Awards 2022

Some of the best green home loans

Another option some mortgage holders might consider when comparing home loans is to go green. Some mortgage lenders offer interest rate discounts on green home loans for properties that exhibit green features and/or meet other green credentials. Re-mortgizing your home or investment property to renovate and add more green features might also be an option to consider.

Green real estate loan

Winner of Best Green Home Loan, RateCity Gold Awards 2022

Winner of Best Green Home Loan, RateCity Gold Awards 2022

Sustainable real estate loan

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

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

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