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Up Close and Personal

Small things come in good packages – especially if you’re looking for a lender with a personal touch.

Yes, there are times when size matters. A pay rise, lotto wins, your tax refund – there’s no argument here that these things are best on a grand scale. But when it comes to your next home loan, it will pay to look at a smaller bank.

Sure, it may be easier to approach one of the big banks for your next home loan – more so if you already have a regular transaction account with one of them. But stop for a moment and think. When was the last time you heard from your current bank? Are you enjoying truly personal service or are you just a number? That’s where smaller banks offer a real difference.

There are lots of small lenders who want to get to know the real you. It means they can give you a positive lending experience and the tailored service you deserve. The reality is also: Smaller bank = Big savings. Take this example:

“A home loan with Commonwealth Bank on their discounted standard variable rate of 5.30% for $300K will cost you $299,729 in interest over a 30 year priod

versus the same loan with a smaller lender at 3.69% will cost $196,495. This is a saving of a massive $103,234!”

The benefits of a smaller bank go beyond great service. With none of the costs associated with a large branch network, smaller lenders can afford to offer highly competitive rates without scrimping on loan features. It’s a chance for you to refinance to a great value loan and enjoy possible savings without compromising on loan flexibility. Let’s face it, when it comes to refinancing your home loan there are a lot of numbers that count – like how much you can borrow and the rate you’ll pay. The number you don’t need is the one a big lender uses to label you.

Call us on 1300 861 143 so we can get you “Up Close and Personal” with your new home loan lender today!


This information is current as at 17/08/17. This article has been prepared by Heart1Stop, a social media brand owned by Heart Mortgage Services and Heart Financial Advisers. The information contained in this article is an overview or summary only and it should not be considered a comprehensive statement on any matter nor relied upon as such. The views expressed here are not those of Heart1stop, Heart Mortgage Services, Heart Financial Advisers, shareholders, directors or staff and associated contractors and business associates. This article has been prepared without taking into account any person’s objectives, financial situation or needs. Because of this, you should, before acting on any information contained in this article, consider its appropriateness, having regard to your objectives, financial situation or needs. Any taxation information contained in this article is a general statement and should only be used as a guide. It does not constitute taxation advice and is based on current laws and their interpretation. Each individual’s situation may differ, and you should seek independent professional taxation advice on any taxation matters. While the information contained in this article may contain or be based on information obtained from sources believed to be reliable, it may not have been independently verified. Where information contained in this publication contains material provided directly by third parties it is given in good faith and has been derived from sources believed to be accurate at its issue date. It is not the intention of Heart1Stop or Heart Mortgage Services and Heart Financial Advisers that this publication be used as the primary source of readers’ information but as an adjunct to their own resources and training. To the maximum extent permitted by law: no guarantee, representation or warranty is given that any information or advice in this publication is complete, accurate, up to date or fit for any purpose; and no party of Heart1Stop or associated entities as mentioned is in any way liable to you (including for negligence) in respect of any reliance upon such information. This article may also contain links to websites operated by third parties ("Third Parties") who are not related to Heart1Stop. These links are provided for convenience only and do not represent any endorsement or approval by us.

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