Property owners leveraging home equity to ‘get further ahead’: NAB
A new research showed that property owners are unlocking the equity in their homes for a range of reasons but with the s...
AMP has cut 13 basis points from its Basic Variable Home Loan, taking it to 6.64 per cent.
In addition, the bank has also launched a new Basic Package made up of the Basic Variable Rate Loan with 100 per cent Mortgage Interest Offset Account and a Basic Fixed Rate Loan.
AMP Banking head of sales and marketing Steve Craig said there was an increasing demand for home loans that combined variable and fixed rate loans.
“There are a growing number of customers that want peace of mind against rising interest rates,” he said.