fromthetoon

Just wondering if anyone has used someone like Loans.com instead of one of the big banks to secure a mortgage.
We've always used a reasonably reputable bank in the past but just want to know what you Expats think or can advise on.
All help much appreciated

Craig Vaughan

If you have no policy issues -ie, your application is straight forward (good employment history, clean credit, citizens or permanent residents, min 20% deposit or equity), then suggest no problem. Having a look at their interest rates, their variable rate is good )for the sub 80% mark), their fixed rates are average (and that is common from online lenders). So if you ever like the idea of a fixed rate then generally the banks, credit unions and building societies are better in that regard. Here, just for an example, ING has fixed rates starting from 4.69% no fees and that is just one example - i think i saw a fixed rate the other day for 4.59%. Online lenders cant compete on fixed.

But just for a cheap no frills variable rate that you dont want to change, no issues here.