Re­vealed: Aus­tralia’s cheap­est home loans

Port Douglas & Mossman Gazette - - FRONT PAGE -

ONLINE lender has Aus­tralia’s "Cheap­est Home Loans", ac­cord­ing to an in­de­pen­dent poll of over 28,000 Aus­tralian bank­ing and fi­nance cus­tomers by com­par­i­son site

Mozo this week an­nounced the win­ners of its 2013 Mozo Peo­ple’s Choice Awards, which it bills as ‘‘the only bank­ing and fi­nance awards judged by cus­tomers’’.

The awards, now in its fourth year, in­vited Aus­tralian fi­nance in­dus­try cus­tomers to rate the prod­ucts and ser­vices of more than 150 of the na­tion’s best fi­nan­cial in­sti­tu­tions.

More than 28,000 cus­tomers ranked banks, credit unions, build­ing so­ci­eties and in­sur­ances providers in cat­e­gories such as over­all sat­is­fac­tion, price, fea­tures, cus­tomer ser­vice, con­ve­nience and trust. won the ti­tle of Aus­tralia’s Cheap­est Home Loans, and was run­ner-up for Aus­tralia’s Best Home Loans. has vari­able home loans rates from 4.49 per cent (5.51 per cent com­par­i­son rate).

Man­ag­ing di­rec­tor Marie Mor­timer thanked Aus­tralian home loan cus­tomers for recog­nis­ing that had very low in­ter­est rates on home loans.

‘‘If you are not yet a cus­tomer this could be a good time to com­pare in­ter­est rates to en­sure that you are not pay­ing too much,’’ she said.

‘‘We have in­ter­est rates on par with rates in Aus­tralia dur­ing the 1950s. Th­ese awards are al­ways a good re­minder for peo­ple to con­sider their loans and de­cide whether they are pay­ing too much.’’

Ms Mor­timer said 2013 was a great year for, which had also won six gold medals and the ti­tle of 2013 Non-Bank Lender of the Year in the Aus­tralian Home Loan Awards.

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