Aaron Whybrow secured a loan approval for a regional client at a non-bank lender, saving 0.7% on the home loan rate plus cash back. Smaller lenders offer sharper rates at lower LVRs, especially in regional areas where postcode and population affect eligibility.
Hey, it's Aaron here. I have some fantastic news. Loan approved loan documents issued. Loan documents are signed at the moment. We're just so close to getting to settlement. This client of mine is they're in a regional area and sometimes when we're looking at some of the lower rate lenders, the ones that give the best competition in the market, their lending rates are really sharp. The problem is postcodes and population and all this other stuff dependent on the security come into play. What we've been able to do for this client is find the lender that's able to lend on it. And because we're borrowing a low amount to the value of the property's value, we're lending about 50%. We're able to go to these lower, these lenders that are smaller, give sharper rates and even give a cash back. So this client is very, very happy, able to save 0.7% on their home, home loan interest rate compared to a non bank that is actually linked to one of the majors. So if you're in a regional area and you're looking at borrowing not too much on the property and you're wanting to get a non bank lender, something that's going to give you the competition, the lower rate in the market, please do reach out today. Comment below. Keen to have some exciting approvals and on the way to settlement for you. All right, talk soon. Sa.