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Homestar’s Owner Occupied Variable Rate Loan of 3.49% / 3.53% CR

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Homestar Finance has been awarded the Non-Bank Lender of the Year. According to a statement from Mozo, “What it (Homestar) does have is a range of great home loans at the kind of awesome low rates that online, non-bank lenders are able to offer their customers.” Homestar Finance were awarded for having the “Best Offset Home Loan”, “Best First Homer Buyer Loan”, “Best Split Home Loan”, “Best Fixed Rate Home Loan” and “Best Variable Rate Investor Loan”. Mozo examined the 504 products of 89 lenders to determine the winning products. ANZ won Home Loan Major Bank of the Year and Regional Australia Bank won the Green Home Loan of the Year.

Redraw facility
100% Offset account
Visa Debit ATM card
Internet Banking

Application Fee $0
Valuation Fee $302.50
Legal Documentation Fee $330
Discharge Administration Fee $535

Australian Credit License Number 390 860

Related Stores

Homestar Finance
Homestar Finance

closed Comments

  • +3

    How about something special for Ozbargain?

      • +8

        This is already $0 as per your website so nothing new.

      • +2

        Site already lists $0 application fee

      • +1

        How's about rebating the trailing commission?

      • I thought the ACCC outlawed exit fees? Mortgage discharge above $200 sounds like an extra charge to me? Perhaps explain what the $500 charge is actually for?

  • Fees are high for both settlement and discharge.

    • -4

      We have one of the lowest rates in market.

      • +2

        I just picked ING as a quick example, nearly double pre and post fees.

        Homestar:
        Valuation Fee, $302.502
        Legal Documentation Fee, $330
        Discharge Administration Fee, $535

        ING:
        $299 Settlement, includes Valuation and Legal
        $250 Discharge

        • they have to earn their money somehow lol. ING rate is higher.

      • Stop making bogus claims in this thread and back your statements up. This is not a bargain.

        • Not sure what your point is? Because the rate IS lower (0.5% than big banks, 0.3ish(?) than smaller banks). Although i agree it's likely an advert not a bargain if that's what you mean.

          I'd prefer a low rate to low discharge fee. How often do you swap loans?

          OPs comments about application fee was bogus, sure.

  • What is the max loan amount?

    • Normally one million.

  • +4

    For a second there, I thought Homestar Runner was offering me a home loan!

  • Homestar Finance not Runner

  • LVR on OO Variable?

  • +2

    Everybody to the limit.
    fhqwhgads

  • +3

    How do you compare to Strong Bad Finance?

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