Borrowers can win – by researching and comparing

There are more than 100 home lenders in Australia and they are offering hundreds of variable rate and fixed mortgages and mortgage packages.

Despite this wide range of options, the big four banks – Westpac, Commonwealth, ANZ and NAB – dominate the market. However smart borrowers are finding that it's often the smaller lenders that offer the cheapest rates.

The banks benefit when borrowers don’t do the research compare the best deals available.

The borrowers can win by looking at all the available deals and choosing the right one that suits their particular situation.

Source: Perth Now