Best home loans from BankWest, one direct and mecu

BankWest's RateTracker home loan has been judged the mortgage product of the year by AFR Smart Investor, based on data from InfoChoice. The Ratetracker offers an interest rate one per cent below the rate offered by the big four banks. The best fixed rate loan was judged to the ANZ one direct product with an interest rate of 7.99 per cent for one year (8.39 per cent for longer terms) and the ability to make up to $10,000 in additional repayments every year. Mecu's premium home loan offers free mortgage protection, 100 per cent offset, free redraw and a repayment pause for new families.

Source: The Australian Financial Review