Mortgages

How Yard’s 2021 Mozo Experts Choice Award-winning home loan could save you more on your mortgage

Toni Mladenova
Aug 3, 2021
Yard Financial Pty Ltd | ACN 623 357 513 | Australian Credit Licence 509481

Table of Contents

Yard Variable Home Loan is a winner

Finding the right home is a dream come true, but finding a value-packed home loan deal with killer rates and competitive features is when you’ve really hit the jackpot. Especially when it’s an award-winner … 

At Mozo, we’ve just announced the winners of the 2021 Mozo Experts Choice Home Loan Awards and this year Yard had an exceptional performance, taking out not one, but two awards! 

To determine the winners, our team of Mozo Expert judges carefully analysed and compared a total of 560 home loan products from 99 different lenders, highlighting those which offered top value products. 

Based on this analysis, the Yard Variable Home Loan scored a win in both the Low Cost Home Loan and the Offset Home Loans awards categories. 

“With so many options to choose from, finding the right home loan can be a daunting task for most homebuyers,” said Mozo banking expert and awards judge, Peter Marshall.  “Going with a Mozo Experts Choice Award-winner can give you peace of mind in knowing that you’ve found a more competitive deal.” 

So what makes this loan stand out? 

What’s great about the Yard Variable Home Loan is that eligible owner-occupiers with an LVR below 70% who apply between 2 August and 31 October 2021 could score interest rates from as low as 1.99% p.a. (2.02% p.a. comparison rate*). 

Opting for a home loan with a lower interest rate means you’ll pay less interest over the life of your loan - thus, reducing the overall cost of the loan. 

In addition to a competitive rate, this loan offers a few other handy features which could potentially help borrowers bring down the cost of their loan over time - such as: 

  • Free extra repayments (and free redraw facility): By making additional loan repayments you can potentially pay your loan off quicker and thus save on interest charges in the long run. 
  • Optional offset account (available for $120 p.a.): By taking advantage of the optional offset account feature you could potentially save more money on your mortgage (depending on the amount of money you keep in the offset account). The more money you keep in your offset account, the less interest you’ll be charged for that day. 


* Variable & comparison rate for Principal & Interest loans based on a loan amount of $150,000, over a 25-year term. WARNING: The comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. T&C's, fees and charges apply, and your full financial situation would need to be reviewed based on Yard’s credit lending criteria.

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