Major-bank mortgages

The major banks

The megabanks and large nationwide institutions offer established processes and branch networks with in-person advice. MUFG showed a variable rate of 0.945% on its main page and 0.995% under a specified discount course on its detailed page, a fixed 10-year at 3.59%, a percentage-fee structure generally 2.20%, no guarantee fee on the reviewed product, and up to 40 years without the highlighted term surcharge — reconcile the headline and detailed-course displays before applying. Mizuho showed new variable borrowing from about 1.025% with a published warning that 1.275% or more would apply from January 2027. Resona is strongly specialized in retail mortgages with a renovation and reverse-mortgage lineup.

Best fit

Major banks best suit conventional salaried borrowers who want the reassurance of a branch alongside online service, or complex cases (variable income, an unusual property, or a need for exception handling) that benefit from a human underwriter. Their advertised rates are competitive but usually above the cheapest online banks, so weigh the value of branch access and advice against the rate difference. As with any lender, reconcile the headline-page and detailed-course rates and get a dated written quotation before you commit.

Key points to carry away: Established process, branch networks, and in-person advice; MUFG: variable shown around 0.945–0.995% depending on course; up to 40 years without the highlighted term surcharge; Mizuho disclosed an announced January 2027 reset; Resona has a strong retail lineup; Best for conventional salaried borrowers wanting branch plus online service. Use the linked guides and calculators for the full decision, and confirm anything material with the lender, a licensed broker, a judicial scrivener, or a tax accountant before you act.