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CANNEX Mortgage StarRatings®

CANNEX Mortgage StarRatings®

What home loan is right for you? CANNEX has made that process one step easier with the release of the second edition of CANNEX Mortgage StarRatings®. CANNEX Mortgage StarRatings® identified best of breed products whether you want a home loan for yourself, a residential investment or a mortgage backed line of credit. A 5 Star product is not a gimmick to lure a consumer to commit to a product that may not exist in three months time. These products have performed well over a 12 month period and have proven their worth. CANNEX provides consumers with a benchmark that illustrates clearly the "total value" of a home loan, by weighing the costs of a home loan (interest rates plus any fees and charges) and the features the respective products in each category.

So how can the star ratings be used?

Consumers can use the different categories and compare with their own financial circumstances. If for example you wish to purchase a home to live in, the products supplied by ANZ and Westpac were judged to provide consumers the best overall value for money. If for example you require a line of credit mortgage BNZ, National Bank and Westpac were all judged to offer excellent value for consumers.

For consumers, CANNEX mortgage star ratings® allow an easy measure of a product’s value before making the final decision to sign a loan. CANNEX mortgage star ratings® are increasingly being used by smart Kiwis looking for the best mortgage products that suit their needs.

Notes to Editors: CANNEX is a specialist Financial Services research organisation. CANNEX focuses primarily on retail and small/SME business financial products including banking, finance and insurance.

CANNEX operates in Australia, New Zealand Canada, and the United States.

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