(PRWEB) September 11, 2006
Internet-based mortgage providers are killing traditional lenders by passing on cost savings and setting the new benchmark for all Australian home loans. Pioneering this new emerging trend is innovative company MyRate.com.au (http://www.myrate.com.au), which offers home loans with no fees*, some of the lowest interest rates in Australia and, simple and straight forward packages that are feature-packed. In addition, by offering its loans direct to consumers, MyRate is also able to provide pre-approvals online in as little as two minutes.
Leading independent financial comparison authorities such as Infochoice and Your Mortgage websites confirm this trend with the MyRate’s ‘Advantage’ home loan appearing as one of Australia’s lowest standard variable home loans, along with other direct lenders. http://www.myrate.com.au/content_mr/path/lmlmt/mr_left_products/lmlms/ml_2.4/action.aspx
MyRate.com.au’s ‘Advantage’ home loan has the ability to save home buyers more than $80,000 over the life of their loan when compared to the current offering from many of Australia’s leading banks**. Couple this with an amazing 6.70% variable interest rate and absolutely no fees*, and you have a reason to forget interest rate woes and look for the home of your dreams this springtime.
“As far as investments go, you can’t go past bricks and mortar for security,” says MyRate General Manager Kevin Sherman. “Young Australians, however, are increasingly being locked out of the property market, not by hefty deposits, but by the greedy fees of many traditional home-loan lenders. Establishment and administrative fees can add an extra $1400 at the beginning of the home loan.”
While MyRate’s low running costs mean low rates and no fees*; it does not forsake quality of service. Expert consultants are always available to assist with the application process and the online management of mortgage accounts.
MyRate.com.au provides loans for refinancing, purchase and investment, and welcomes first home buyers and self-employed borrowers. The web-site includes a comparison table and education centre so all borrowers can make the most informed decision possible.
“With no need for meetings with brokers or banks, Australians can make important decisions in a relaxed environment. MyRate.com.au aims to assist people in enjoying the limited amount of free time they have. One savvy customer got pre-approved and completed her whole loan application on the phone while sitting on a beach in Cairns!”
For further details: http://www.myrate.com.au or 1300 663 558
To interview Kevin Sherman, please call Drew Lambert on (02) 9775 7080 or 0425 200 606
*For loans to individual applicants with a single property valued at less than $500,000 used as security
**Comparing a $300,000 loan with minimum repayments over 30 years at the current standard variable rate.
MyRate.com.au is a Sydney-based service provider, funded by one of the largest financial institutions in the world, which has operations in over 60 countries.
MyRate.com.au’s founders are specialists in the internet space, having previously pioneered services for the online management of business finance, personal loans, car finance and insurance, travel insurance, life insurance, income protection and home and contents insurance.
Using innovative technology, the company provides a source of information for all consumer related home loan service enquiries, and provides unconditional loan approvals in as little as five days.
Visitors to the website gain free access to an extensive rate comparison feature, as well as news, guides, and forums.