Low rates come first at the comparison site
Low interest rates and offsets are the home loan features that borrowers look for when they visit a comparison site.Comparison site Canstar analysed 135,000 home loan searchers at its site to find out what borrower preferences were.A low interest rate was a key consideration. Sixty-three per cent of visitors looked at fixed-interest options but the majority opted for a variable rate.The most popular features were offset accounts, the ability to make additional repayments and redraw facilitiesProduct ratings influenced people's choices. Sixty-one per cent looked for loans with five-star ratings, while 21 per cent looked for four-star loans with features that better suited their needs.