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Sale
You’ve estimated the average person can save up to $39K*, how have you calculated this?What we’ve done is work out how much you could save if you switched an average-sized mortgage from the average discounted variable rate offered by one of the Big 4 Banks to the lowest variable rate in our sale. We’ve then factored in the discharge fees, application fees and ongoing fees to work out the savings over a 15-year loan term. For more information, see our Assumptions.
RateCity -
28 Apr, 2017 -
1 min read
Sale
Are there any risks with changing to a smaller lender?A smaller lender is almost any institution outside of the big four banks (ANZ, CBA, NAB and Westpac). These include credit unions and building societies and ‘non-bank’ lenders. These lenders must follow the National Consumer Credit Protection Act 2009, which ensures the lender properly assesses whether a potential customer can realistically repay a loan, and that a specific standard if information is made accessible to potential customers.
Mark Bristow -
05 May, 2017 -
1 min read