Commonwealth Bank Home Loans

Commonwealth Bank of Australia

The Commonwealth Bank of Australia is the nation's biggest lender and leads the top four lenders in the Australian home loan market.

Offering a wide range of home loan products and personal banking options, the CBA recently cut variable home loan rates by 10 basis points following the official cut of 25 basis points from the Reserve Bank.

However, the bank then went on to raise it's fixed rate home loan by between 20 and 45 basis points.

Last year the CBA bought BankWest and earlier this year also purchased $2 billion of loans from Wizard, along with Aussie Home Loans, in which the Commonwealth Bank owns a 33 per cent stake.

The Commonwealth Bank is also offering, along with other home lenders, deferrals on mortgage repayments for up to 12 months, for anyone who looses their job.

Currently, Australian home loans sit at around 5.64, which is what the CBA are offering for their standard variable home loan.



For more information on lenders and their home loan products, talk to a local mortgage broker.  Call us today on .

 

With interest rates coming down, now is the time to speak to a mortgage broker. We know which banks are dropping rates and who is raising.

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