Westpac offers 89 basis point introductory home loan discount

Westpac offers 89 basis point introductory home loan discount
Westpac offers 89 basis point introductory home loan discount

Westpac, in a memo sent to mortgage brokers, has announced it was introducing a new Flexi First Option Home Loan and Flexi First investment property Loan offer for a limited time, to replace the existing Flexi First offers in market.

New principal-and-interest owner-occupied loan applications will receive an 89 basis point introductory discount for the first three years of the loan.

This would revert to a 45 basis point discount for the remaining loan term.

New principal-and-interest investment loan applications will receive a 96 basis point introductory discount for the first three years of the loan.

This would revert to a 52 basis point discount for the remaining loan term.

Westpac’s new Flexi First Option discounts came into effect Tuesday 23 August, the Australian Broker website advised.

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of our authors. Jonathan has been writing about property since the early 1980s and is editor-at-large of Property Observer.

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Home Loans Mortgage Rate

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