If you’ve ever wondered if you’re paying too much on your home loan, now is a great time to review your financial position and your home loan. It can never hurt to have a look at alternative lenders on the market and compare how your current home loan measures up with boutique lenders.
Boutique lenders currently make up 41% of the mortgage share market. With so much competition, they often offer some of the lowest rates in the market and because these lenders are less well known, they rely on their reputation and positive word of mouth for your business.
Here are 5 great benefits of switching to a Boutique Lender:
- Better Rates
- Lower Fees
- Different Lending Criteria
- Higher Customer Satisfaction
- Personalised Service
By switching to a Boutique Lender, you could save around $5k per year. Over the course of a 30-year loan, that’s a savings of $150k.
Boutique Lenders are also known for assisting Australians who have poor credit history, existing arrears, tax debts and other challenging circumstances.
With so many benefits, it’s no wonder so many Australians are jumping across to a Boutique Lender.
So, whether you’re looking for a better deal or getting knocked back by a major lender, our lending brokers here at FAA Group will help you find a boutique lender suitable to what you are seeking.