are non-bank lenders any good?
are non-bank lenders any good?
Which lender is the cheapest at the moment? Is it true that non-bank lenders are actually cheaper than the major banks at the moment?
- Otto Dargan
- Mortgage Specialist
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- Joined: Sat Sep 06, 2008 5:55 pm
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Re: are non-bank lenders any good?
Yes non-bank lenders are currently (2/7/09) cheaper than the major banks. This is because the major banks have not passed on all of the interest rate cuts made by the reserve bank and also because the government has given cheap funds to the non-bank lenders to allow them to compete.