Is it time to consider a smaller lender when investing in property instead of big four?

If you pay attention to the news, it’s understandable if your opinion of the big four banks has decreased. Many customers are feeling second fiddle to shareholders.  Especially since the Hayne Royal Commission didn’t pass interest rate cuts to their mortgage customers. The time of grinning and bearing it are over. Big 4 customers now have an array of options to finance their investment property.

Are the big banks really the villains the media is making them out to be?

Are you better going with a small bank?

First, you need to contact your lender. Find out how much of Tuesday’s rate cut they are going to pass on to you.  If the answer is less than 0.25%, then you have some thinking to do!

Only a small number of lenders delivering all of Tuesday’s recent interest rate cut to their customers. So, it’s likely that you there is a better deal out there for you.

According to comparison site finder there is a range of 0.59% between the variable interest rates between finance lenders (ranging from 2.69 – 3.28 %). Making the wrong choice or sticking with the status quo could be a very expensive mistake.

There are some great offers in the property market, particularly targeting new customers. Now is the time to start to think with your feet.

Today’s interest rates are one of many factors you need to consider. Which is why many of us can benefit from the experience of a finance broker.  A broker helps you look at the big picture. They will find you a tailored solution that works well with your property investment strategy.

This is a long-term decision that needs to be taken seriously, not a quick fix, band-aid option.  It’s easy to be fooled by lending gimmicks and media scaremongering.

Stay ahead of the curve

Enlisting the services of a finance broker will save time, stress and a lot of money in the long run.  Your broker works for you, not the bank, and should have your best interests at heart.

Dream Design Property has a skilled, experienced finance team that puts you, the customer first.  We have access to an extensive portfolio of lenders. We can help ensure you get a loan that suits your needs and investment strategy.

Whether you are starting your investment journey, refinancing or financing the tenth property in your investment empire.. Our team can look at the big picture! We will find a loan that will suit you today and for the future.

Of course, your investment finance is just one piece of the puzzle that you need to consider. Zaki Ameer has put together a team of experts that can guide you through the entire property investment process. They will help you take control of your financial future.

There are not enough hours in the day to learn how to be an expert at everything.  Contact DDP to work with a team that is always in your corner.