Lender slashes interest rates

Heritage Bank has slashed their discount variable home loan rate to just 4.39 per cent!

Of course their is a small catch, being that your borrowings must be at or below 80 per cent of the value of your property ( 80% LVR) and loan amounts must be over $150,000 which is not hard to achieve these days.

Heritage is also offering a fixed rate loan of 3.99 per cent for a 12 month fixed term which is an exceptionally low rate.

As always we would urge you to check with one of our professionals prior to dashing out and signing up with any of the Banks or Lenders special offers as they are not always as good as they may seem and you really need to be sure the product and the Lender will meet your future property needs.

Download or free Fixed Rate Checklist before you consider changing Lenders or locking into a fixed rate

Related Article: Low Fixed Rates: A Blessing or Booby Trap?

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Written by Darryl Simms