With the amount of items you can currently buy online, why shouldn’t you be able to take out a home loan online?
According to InfoChoice.com.au, 24% of Australians would prefer to complete a home loan application online. As an online lender, we are able to see first-hand the many benefits borrowers receive when they take out a home loan online. Listed below are just some of the ways you can benefit from an online lender, such as State Custodians.
1. Save, save, save
Being an online lender, we do not necessarily have the same costs as other lenders. For example, by dealing with our customers over the phone and interest, we do not have to allocate funds to maintaining shop fronts. We also do not pay mortgage brokers. The savings we make in these areas we pass onto our customers with competitive interest rates
and minimal fees.
2. Efficient loan process
We all know how busy life can get. With a two-person working household it can be difficult to organise appointments together and when you throw in kids, it only gets harder. Trying to arrange time off work to book an appointment and physically get to the lender can take up valuable time. Whereas applying for a home loan online cuts this step out and can be just a phone call or click away. Our lending specialists are always available to assist via phone, Live Chat or email.
Our online application is designed for ease of use so you can fill in the information you have at hand, save and come back later, skip to sections that you know and complete earlier sections later when you have that information. So, even if you only have 5 minutes to spare, you can still get started.
But remember, just because you are applying online, it doesn’t mean you have to go through the process alone. Applying for a home loan may seem overwhelming, but our team is there to give you as much, or as little, help as you need. You are kept in the loop throughout the process and once your application has been submitted, your lending specialist will contact you to confirm all of your details to ensure that you are submitting the information that you want. Remember, once your application is submitted, you are not tied down to the home loan you’ve chosen or the information you’ve provided, at any time during the home loan process, you can change the information you’ve submitted.
If you are considering refinancing
, fast re-fi with an online lender makes it even quicker. Communication is done electronically, which can cut down waiting time considerably from weeks to days. Your new lender will organise everything with your current lender, saving you time and stress. Read more about fast re-fi here (link).
3. Become a savvy borrower
Technology provides so many tools for borrowers to research and compare home loans
and by staying up to date with new technology; online lenders are able to offer these innovative tools to their customers. For example, on our website we offer an instant pre-approval as well as our Approve Me app which gives you an indicative pre-approval for a home loan instantly. So, if you are out house hunting on the weekend and fall in love with a property, you don’t have to wait until Monday to do this.
More and more Australians are turning to the internet for more things, including home loans. But, you don’t have to fit a certain ‘borrower’ mold or be left alone in the process. You can still get the same support and flexibility that will get you into your own home sooner.
It can be confusing to know whether to get a variable rate or fixed rate mortgage, and what features are important. That's why it's important to not only check the right rates, but make sure that you're getting the right features in your home loan. Get help choosing the right home loan
Anouska Linz is Manager, Online Sales at State Custodians and has over 10 years’ experience in financial services, both in broking and banking. Holding a bachelors degree in accounting, Anouska quickly discovered a love for mortgage lending and assisting people to achieve their home ownership goals. She leads a team of highly experienced lending specialists who are passionate about finding lending solutions which result in real wins for the customer. She is also a massive netball fan.
For more information on our home loans, visit www.statecustodians.com.au or call 13 72 62.