Firstly, if you’re new to the world of home loans and banking, you’ll want to know just who this ‘Big 4’ are!
- National Australia Bank (NAB)
- Commonwealth Bank (CBA)
- Australia and New Zealand Banking Group (ANZ)
- Westpac (WBC)
These banks have dominated almost 85% of the home loan market! Yep. Huge!
But are they the best option for you?
Did you know there are 87 lenders out there in total? 87! So if you’re entering into the world of home loans, investing in property, or considering refinancing, these other lenders are definitely worth exploring.
Think about it…they’ll potentially have lower operating costs, lower fees, and be able to offer lower interest rates.
Food for thought.
If you want a investment focused mortgage broker to sit in your corner, sing out and I can put you in touch with one local to you.
Cheers,
John Pidgeon
Head Business and Property Educator
Need help meeting your property goals in 2019? Book a 60 minute FREE coaching session with John Pidgeon and kick off your New Year with clarity, direction, and confidence.