Home Loans unbeatable deals continue to exist , you just need to know where to find them. Mortgage Broker What If We Finance believes whether you are an owner occupied borrower or property investor great deals still exist.
However, there have been considerable changes in the market and this means a competitive borrower from 2 years ago may now be not as competitive. Some of the changes that have occurred include:
a. higher interest rates for interest only loans
b. tightening credit criteria
c. higher interest rates for property investors
While these changes have impacted the market there, What If We Finance advises the increased competition for your business means certain lenders will aggressively compete for your business and great deals can still be found.
To use APRA’s words more supervision is required of lenders to ensure “sound lending practices” are required.
While these changes are in way a bad thing lenders have reacted differently based on the outcome of their review and this means it is time for you to review your home loan.
Contact your mortgage broker today if any of the following items apply: