Some of the best home loans for investors and refinancers in August 2022

Refinancing has accelerated in recent months as many mortgage holders look to switch to cheaper home loans after several months of rate hikes. While finding cheap home loans is becoming increasingly difficult, there are still options that could offer great value to the right borrower.

While finding a low-interest home loan may not be as easy as it used to be, the interest rate on a mortgage may not tell the whole story. The fees, features, and other benefits can all also affect the overall value a mortgage deal can offer to borrowers in various financial situations, whether they’re refinancing their family home or investing in real estate.

RateCity’s Real Time Ratings™ break down the cost and flexibility of different home loan offerings and combine them into a single simple star rating. These ratings are used to create RateCity’s home loan leaderboards, which rank mortgage deals for different types of borrowers based on their Real Time Ratings™. Home loans that have ranked highest for the longest time may also be eligible for RateCity’s Gold awards.

Some of the best refinance home loans

While home loans for refinancers tend to offer lower interest rates than some other home loan deals, they also tend to have more stringent eligibility requirements, particularly when it comes to Loan to Value Ratio (LVR). You’ll likely need to hold at least 20 percent equity in your property to refinance without having to pay lender’s mortgage insurance (LMI), and you might need 30 or 40 percent equity to qualify for some of the lowest-interest offerings /or the most flexible functions.

Variable Standard Home Loan

Winner of Best Home Loan Over $1M, Best Adjustable Home Loan, 2022 RateCity Gold Awards

Winner of Best Home Loan Over $1M, Best Adjustable Home Loan, 2022 RateCity Gold Awards

freedom variable

Best Refinance Home Loan Winner, RateCity Gold Awards 2022

Best Refinance Home Loan Winner, RateCity Gold Awards 2022

Premium package home loan

Momentum home loans

Best Refinance Home Loan Winner, RateCity Gold Awards 2022

Special

Special rate offer for loans approved or conditionally approved through September 30, 2022 ~ Ends in about 1 month

Best Refinance Home Loan Winner, RateCity Gold Awards 2022

Some of the best variable rate home loans for investors

Investors hoping for a low fixed rate may face a challenge, but if you’re willing to take an adjustable home loan, you may be able to start with a lower rate. You may also be able to benefit from the flexibility offered by features like a settlement account or a redraw feature that offer options for managing your repayments.

Investment Variable Home Loan

Winner of Best Home Loan for Investors, RateCity Gold Awards 2022

Winner of Best Home Loan for Investors, RateCity Gold Awards 2022

Momentum home loans

Winner of Best Home Loan for Investors, RateCity Gold Awards 2022

Special

Special rate offer for approved or conditionally approved loans through September 30, 2022 ~ Ends in about 1 month

Winner of Best Home Loan for Investors, RateCity Gold Awards 2022

Premium package home loan

Variable Standard Home Loan

Premium home loan package

Some of the best 2 year interest rate loans for investors

While it may no longer be possible for most investors to hold onto a low fixed rate for long, another option might be to only make fixed rate repayments for about two years. This could allow an investor to minimize their short-term payments and keep their longer-term options open. Of course, not paying back the loan amount can mean the property takes longer to pay off and you could end up paying more interest overall.

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