Top home loans

After a turbulent week in the markets, ANZ has joined the Commonwealth Bank and Westpac in cutting its fixed home loan rate. So when it comes to mortgages, have you got the right one? TODAY finance expert Ross Greenwood had the details.

Top 5 variable home loans:

1. From loans.com.au - it's the Dream Loan Express at an advertised rate of 6.69% and monthly repayment of $1,717.82
2. From State Custodians - it's the Standard Variable at an advertised rate of 6.79% with a monthly repayment of $1,733.60.
3. From Ubank - it's the UHomeLoan (for refinancing) at an advertised rate of 6.79% and a monthly repayment of $1,733.60.
4. From Resi - it's the Flexi Fix Lite at an advertised rate of 6.89% and a monthly repayment of $1,749.45.
5. From Newcastle Permanent - it's the Premium Plus Package Premium Variable 250-500k at an advertised rate of 6.89% and a monthly repayment of $1,749.45

Top 5 fixed rate loans:

1. From myrate - it's the Residential Fixed 1 year loan - 6.5% - monthly repayment of $1,688.02.
2. From Greater Building Society - it's the Ultimate Home Loan Package Standard Fixed 1 year - 6.54% with monthly repayments of $1,694.28.
3. From HomeSide Lending - HomePlus Fixed LoDoc 1 year - 6.59% with monthly repayments of $1,702.11.
4. From CUA - Residential Premium fixed 1 year - 6.75% - monthly repayments $1,727.28.
5. From Newcastle Permanent - It's the Premium Plus Package Residential fixed 1 year - 6.79% with monthly repayments of $1,733.60.

To follow Ross on twitter visit @Ross_Greenwood

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