anyone heard about Better Option Home Loans?

As Jamie said; it’s the same deal offered by a “more well known” lender.

Regards
Michael

Hi Ch4rlie

When you say too conservative are you referring to the credit policy of the lending institution.

If so why waste your time ringing around and trying to get information on policy which most lenders wont give you anyway.
Why not drop either of the above guys a line and get them to come up with a solution as there is more to lending than the lowest advertisied rate of interest.

Cheers

Yours In Finance

Really i certainly deal with the larger banks but many smaller lenders also.

I would touch ubank with a barge pole for lending but i guess you are no me.

Cheers

Yours in Finance

If a broker ONLY deals with the Big 4 banks and the more “main stream ” banks, i can tell you; THEY WILL NOT SURVIVE in this market place. Clients situation can change quite a bit…and we need banks that can match the client’s needs as it changes… and sometimes this means going to credit union , smaller banks , non-conforming , international lenders and even private lenders.

But as Richard mentioned, not alwasy about the rate; the rate at times can be just be a “marketing” tool to get you in the door. Remember rate can change…a bank’s policy, service and reliability hardly does.

I use to have a ongoing relationship with a particular mortgage manger company many years ago ( name will not be mentioned!, dont want to give them free advertising now do we…) and their rate were always a good 0.4% cheaper then the major banks and 0.2% cheaper then most of the credit union. 3 month later i get a call from the client to say the rate has gone up 35 basis points! ( without RBA movement) and they sent a letter saying it ‘s due to funding cost etc…gave them a call was on hold for 1hr + ( guess they got plenty of calls that day) and at the end they pretty much said ” that’s business…deal with it”

Well that’s the end of my business dealing with them…Still get their emails and updates; as i guess im still accredited with them, but even if they offer 6.35% i would not even bat a eye!

Currently have 51+ accredited lenders on our books ,But if possible we would avoid some mortgage mangers, and smaller banks unless they have shown years of consistent good customer service and reliable steady interest rate- else we wouldn’t even recommended them.

Regards
Michael

I've got a big lender that will match the 5.99% 3 year fixed – just have to ask them nicely

As the other guys mentioned, we certainly don't restrict ourselves to the majors. It's all about matching the client to the most suitable product for  their needs – which doesn't always land with the big 4.

Cheers

Jamie