OK, now is a good time to get a new home loan

Competition for owner-occupier home loans is heating up and that is great news for borrowers. As the government crack-down on risky property investment mortgages intensifies, the banks and other lenders are turning to the owner-occupied loan market to compete for more business.

While rates for investors are going up, deals for people who are going to live in their purchased home are getting cheaper.

In the last week, big banks and small lenders have announced various cash-back deals and other incentives to attract new business. Compare deals today because now is a great time to get a new home loan.

Source: The New Daily