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Home Loans from 2.91% Variable P.a. (2.94% Comp.) - Purchase or Refinance (Redraw, Offset, No App. Fees) @ Yard Home Loans

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Hello everyone!

Yard is a specialist mortgage provider offering one of the best interest rates in the market plus a fully-featured product that will help you save on interest repayments and own your home sooner.

Our rates are from:
• Live in P&I – from 2.91% variable p.a. (2.94% comp.)
• Live in IO – from 3.41% variable p.a. (3.46% comp.)
• Invest P&I – from 3.27% variable p.a. (3.30% comp.)
• Invest IO – from 3.62% variable p.a. (3.79% comp.)

Other benefits of our offer include:
• Fully-featured – unlimited repayments, free redraw, offset account
• No application fees or on-going fees ($10 per month applies for offset accounts)
• Personalised support – dedicated loan consultant available at your schedule
• Simple, online application – complete within 15 mins from any device

*The comparison rate is based on a loan amount of $150,000, over a 25-year term. WARNING: The comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. T&C's, fees and charges apply, and your full financial situation would need to be reviewed based on Yard’s credit lending criteria.

Yard Financial | ACN 623 357 513 | Australian Credit Licence 509481

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closed Comments

  • OP.. Does yard consider servicing guarantee?

    • Hi - yes, we can consider guarantors.

  • Athena is better, 2.84%

    • Hi there! You should look at both interest rate and what the lender can do for you. Yard's product is fully-featured and offers an offset account. We try to cater to a broad range of needs.

      • Offset account is $10 per month.

  • +1

    Ubank 2.84%

    • Hey! Ubank's product does not offer an offset account.

      • -2

        But it has redraw. That's all I want.

        Ubank also backed by NAB. Which bank are you backed by?

        • uBank isn't 'backed' by NAB. it is the NAB. Like St George is owned by Westpac and BankWest is just one little part of the CBA. The ANZ are the only big bank without a 'toy' brand.

          In relation to redraw v's offset there are some big differences. Difference 1: offset accounts have transactional capabilities. Difference 2 (the big one that matters): Redraw is significantly different from an offset in the ATO's eyes. The moment you deposit additional funds against your loan through a redraw facility, the ATO views it as you paying down your debt and building a greater equity position in your property. even if it is only for a split second, you no longer have tax deductibility against that amount of debt, meaning your tax bill could be significantly higher at the end of the financial year due to a whole lot less tax deductions. Nobody likes paying the govt more money so people should really seek advice from their accountant before deciding whether it's best to get redraw and go without the offset. The moral of the story is that there is significant value in the offset account feature so again speak with an advisor

          For more info, check out:

          https://www.adviseable.com.au/why-clever-property-investors-…

  • Hi with which bank you provide offset like is it 100% offset ac with debit card and online access or just a redraw facility

    • Hi! We provide 100% offset facility - this is a separate account that offsets your loan. We can also do a redraw facility. Our offset account has full transaction capabilities but we will have a debit card attached in the next few months. So at the moment you can make various payments to transfer money in and out from the account - but not a debit card.

  • +1

    HomeStart offers 2.82%
    https://homestarfinance.com.au/starclassic

    No Monthly or Ongoing Account Fees
    100% Mortgage Offset Account
    Unrestricted Extra Repayments
    Free Online Redraws

    • $512 upfront fee.

      • Still worked out cheaper for us, we are in the process of moving to Homestar at the moment. Our existing broker couldn't get below 3%

  • +1

    UBank and Athena cheaper

  • athena only allows for 1 loan (with investment loans and primiary place of resident loans) I couldnt do a lift and shift, but would have to combine all together. obviously wouldnt work :(
    Still on the lookout for another provider…(loans.com.au just isnt competitive any more)

    • Hi! We can certainly assist with live in and investor loans - no need to combine, these would be two separate loans against two separate properties.

  • +1

    Hi there,

    Do you add rental commitment when doing land only loan. ?

    Or do you include it in the total montly living expense ?

    • Hi there, could you please rephrase your question to make sure I provide the correct answer?

  • just went to homestar website, shame none of the links to thier calculator work !

  • -1

    Get off my yard!

  • OP im looking to refinance my current land only variable rate loan with ANZ. Is that something you offer? Thanks.

    • +1

      Hi there! Yes, we can refinance vacant land loans.

      • What rates apply to vacant land when refinancing? Thanks.

        • +1

          The rate is determined by several factors incl. objective of the loan, location of the land, your individual circumstances, etc. In general, our interest rate for vacant land starts from 3.12% variable P&I p.a. You can drop an email to [email protected] or complete our online application (can be done within 15 mins) and one of our loan consultants will assess your situation and provide more info.

  • -1

    This is a good rate. Everyone should use yard.

    • +1

      To negotiate a deal with your lender. Don't sign up though.

      • They had us in the first half, not gonna lie

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