Home Loan Education
Lenders bid for loan business
20/11/2008
Lenders bid for the right to loan money to potential borrowers on a new website launched this week by Ian Thorpe called ziggybid.com.au. Users can register on the site created by Glenn Spratt, one of the founders of Wizard home Loans, where 15 major lenders and 3000 mortgage brokers can compete to offer the lowest price deal on home loans for each registered borrower. Swim champion Ian Thorpe, who is an investor in the project, said “It takes away all of the daunting elements about applying for a mortgage and introduces healthy competition into the market as the banks vie for your business." Other similar websites include bidmyloan.com.au.Source: Herald Sun
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