Interest Rates

Today's Lowest Rates

Variable	5.60%
6 month fixed	5.45%
12 month fixed	5.55%
18 month fixed	5.80%
2 year fixed	5.65%
3 year fixed	6.10%
4 year fixed	6.50%
5 year fixed	6.90%
*Indicative rates only

There are numerous lending institutions in the marketplace and finding the best solution to suit your borrowing needs is vital, but at times not obvious.

It is not simply a matter of comparing interest rates.  You need to consider the types of mortgage (table, reducing, revolving credit, interest only or reverse annuity mortgages), the term of the mortgage and repayment options.

Hence people seek the help of a professional mortgage adviser.

We find out exactly what the client wants to achieve, so that we can structure a mortgage package that will suit both their long-term and short term needs.  Using a mortgage adviser gives a home buyer more options, as well as an assurance of professional advice.

At Mike Pero Mortgages, we are able to negotiate for the best-value mortgage.  For example in some cases, a client may be offered a direct discount on the fixed interest rate by the lender.  However, when the mortgage is due for renewal, the fees for refixing may cancel out any benefit from the discounted rate.

We on the other hand look at the complete mortgage package, including any interest rate discounts as well as any additional costs associated with the mortgage long-term.

*Rates shown are indicative rates only from Mike Pero Lenders