Some of the best home loans for investors and refinancers in April 2022

While the Reserve Bank of Australia (RBA) kept the national cash rate on hold at its April 2022 meeting, economists from Australia’s big banks are now forecasting that interest rates could start rising as soon as June 2022. This could not only raise the cost of mortgage repayments, but potentially affect property values, which could present new challenges for property investors and homeowners planning to refinance.

It's important to compare and carefully consider your home loan options when purchasing or refinancing property. To help make this process faster and simpler, you can check out the RateCity Leaderboards, which rank home loans in different categories by their Real Time Ratings™. By combining the cost and flexibility of different mortgage offers into a simple star rating that’s updated daily, you can quickly get a better idea of the overall value that different home loans may offer.

(Rankings are correct at the time of publishing. Please note lenders may trade places on the list as interest rates and fees change and RateCity’s tracker reflects these movements.)

Some of the best refinance home loans 

Some economists are forecasting that if interest rates start rising after the RBA hikes the cash rate, this could lead to an eventual fall in property prices as larger home loans become less affordable for some borrowers, such as first home buyers. There’s a risk that this could potentially make refinancing a home loan more challenging if your equity is affected by changing property values, making it important to carefully compare refinance home loans. 

Some of the best investor variable home loans

With the big banks forecasting rate hikes as soon as June 2022, mortgage repayments could potentially rise by as much as $500 by 2023 according to RateCity research. Investors seeking to limit the effect of interest rate hikes on their budgets may want to consider comparing variable rate investment loans.

Some of the best investor 5-year fixed interest only loans

Investors who’d prefer to lock in a lower interest rate rather than risk rate hikes affecting their budget may want to compare fixed rate investment mortgage offers, as several major banks have been hiking their fixed rates, sometimes twice in one week. Choosing interest-only repayments could potentially help to ease some budget pressure for a limited time, though you could end up paying more interest on the property over the longer term.

Some of the best green home loans

One of the many reasons that some home owners consider refinancing is to add green features to their home, such as solar panels and batteries. With costs of living currently on the higher side, these features could help to provide some long-term relief on power bills, as well as the environment. Several lenders offer green home loans with these renovations in mind, allowing borrowers to refinance and access the money required to update their property.

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