When looking for the best deal on home loan interest, it’s always necessary to do a bit of research. A new study of the Australian home loan market has found that the current best option in loans is available through mortgage brokers, reported Property Observer.
The Australian Lenders’ Index is a report that compares the performance of Australia’s major lenders of home loans and their respective interest rates.
Since the advent of the Global Financial Crisis (GFC), one lender has been consistent with interest rate performance. HomeSide is a subsidiary of the National Australia Bank (NAB), and is ranked as number one in position. NAB ranked second, with ANZ coming in at third. They were followed by the Commonwealth Bank, St George (a subsidiary of Westpac) and Westpac.