How do you choose a bank for a home loan?

Any general questions you might have in regards to loans and finance.
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Otto Dargan
Mortgage Specialist
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Joined: Sat Sep 06, 2008 5:55 pm
Location: Sydney, Australia
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Re: How do you choose a bank for a home loan?

Post by Otto Dargan »

Welcome to the forums ezioauditore.

Lender choices are an important factor while getting a home loan or any other financial product. And the choice will be based on many factors such as your financial situation and requirements, borrowing power, and whether you'll actually benefit from having extra facilities like redraw, offset account, extra repayments etc.
Our home loan features page goes through the pros and cons of each feature so you can make a more informative decision.
Moreover, you can choose loan products from these various institutions as we have 30 plus lenders on our panel including: We know the lending criteria of most banks and lending institutions and can make sure that your situation meets their requirements before we submit your application. By doing this, we’re maximising your chances of getting an approval.
It would be really easier for me to provide you specific banks or other specialist lenders if I knew more about your situation. Or, do you have any particular bank in mind?
Otto Dargan
Mortgage Broker
P | 1300 889 743
Home Loan Experts

User avatar
Otto Dargan
Mortgage Specialist
Posts: 7730
Joined: Sat Sep 06, 2008 5:55 pm
Location: Sydney, Australia
Contact:

Re: How do you choose a bank for a home loan?

Post by Otto Dargan »

Yes ezioauditore, Virgin Money is owned by Bank of Queensland (BOQ) and we have Virgin Money in our lender panel as well. Yes, at Virgin Money, they're a bit different and they offer reward points or Velocity points for their home loan customers. Their ‘Our Reward Me Home Loan’ is built to recognise the value of the customers and their loyalty. Also, they have several striking features such as:
  • Discounts on variable rates - based on the size of the loan and your loan-to-value ratio.
  • Velocity Points – on settlement, each month & every 3 years – one way they say thanks for being a great customer.
  • Exclusive Virgin Money offers - on their insurance and credit card products - just for home loan customers.
  • Virgin family perks - access to red hot offers and experiences from other Virgin family businesses in Australia.
One of our mortgage brokers can properly assess your eligibility and let you know if you qualify. Please call us on 1300 889 743 or complete our free assessment form today.
Otto Dargan
Mortgage Broker
P | 1300 889 743
Home Loan Experts

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