The recent effects of the global financial crisis has set the groundwork for non banks to rise once again from the shadows of the big four banks, giving independent lenders the chance to gain the competitive edge they need to create innovative products that really meet the needs of borrowers.
The introduction of Resi's Smart Pro home loan is a great example of how the non banks have taken advantage of the increase in competition in the home loan market. Simply put, the Resi Smart Pro gives borrowers a bank discount without the bank fees (or the bank attitude) but they still get the personal attention they need.
We all hate it when the honeymoon is over and the Resi Smart Pro represents a movement way from introductory rates and back to the simple and competitively priced home loan most borrowers are after - almost 0.70% less than the average standard variable rate of the big four banks. So it's as though the honeymoon period doesn't end!
With the amount of borrowers currently refinancing away from banks, the Resi Smart Pro is a real alternative and is perfectly suited to all types of borrowers who are looking for something smart - making the Smart Pro a great opportunity for those looking to refinance to a more competitive product or for those that are in the position to purchase additional property for investment, those wanting to upgrade their existing family home and those purchasing vacant land for construction.
Borrower's looking for a competitive home loan price with great local service are encouraged to make a smart choice by choosing or switching to resi, a leading non-bank lender encouraging competition for more than 20 years.
For more information on the resi Smart Pro go to www.resi.com.au
The above information is supplied by Resi.
Disclaimer: while due care is taken, the viewpoints expressed by sponsors do not necessarily reflect the opinions of Your Mortgage.