The fact is that the home loans market is becoming ferociously competitive. The new online lenders are changing the face of the market, and buyers, at long last, are finally getting treated like human beings.
The new mode of home loans raises a question borrowers have never previously been able to ask- What’s in it for us? The fact is that the online lenders are hitting the market hard with new incentives for borrowers, and that’s changing the game plan for buyers.
When looking for a home loan, look for-
Rates and loan terms- Home loan rates and terms are now a lot more buyer-friendly.
Redraw options- These things can make managing your cash a lot easier.
Extras like VISA cards for borrowers, special offers, and other good, valuable things- These are becoming a lot more common, and they’re worth money.
Fee waivers- The price of electricity may have gone up, but the price of managing loans has gone down. The smart lenders are pretty much retiring additional fees and costs for borrowers.
Yes, there’s something in it for you when you take out a home loan. Make sure you get it!
Source:
http://www.choice.com.au/reviews-and-tests/money/borrowing/your-mortgage.aspx
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