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Is it time to look past the Big 4 Banks for your Home Loan?

Is it time to look past the Big 4 for your Home Loan for your exciting new Adelaide Real Estate purchase?

Around 80% of current Australian mortgages are held with the Big 4 banks (ANZ, CBA, NAB & Westpac). In the past, there was an advantage in applying with someone you’d been banking with for a long time when purchasing your new home in Adelaide.


Our Adelaide real estate agents and lending experts see in today’s home loan a lending environment that is very different, with a ten-year customer having to meet the same lending guidelines as someone entirely new to the lender.

This has led to over 35% of borrowers choosing to apply for their loan through a non-major bank in the three months from December 2017 to February 2018.

If you are considering purchasing Adelaide real estate, Some of the benefits that can come from dealing with a smaller lender are better rates, more flexible lending policies, and much better customer service.

The primary factor that can discourage someone from looking elsewhere from their current bank is the time and effort involved in weighing up the different options.

In today’s time-crunched world buying a property can be challenging. The support of a good mortgage broker is recommended, in the same way, that working with a real estate agent is important to maximise the satisfaction in your purchase.

Mikael Liddy from Fresh Home Loans has access to over 30 different lending providers, and after coming to you to discuss your specific needs, can tailor a solution that fits you rather than you have to cooperate with what the bank wants.

If you’d like a fresh look at your Home Loan options, why not get in touch with Mikael via the link below?

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