Home loan customer in driver’s seat

The borrower is now in the driving seat as the housing market slows and lenders compete for mortgage customers with lures of low interest rates and fee discounts. Banks are increasingly likely to waive establishment fees and pare back interest rates, especially if they can sign up a customer directly rather than via a mortgage broker. There's also a trend towards bundling mortgage loans with everyday banking, using offset accounts or transactional accounts and revolving lines of credit. The number of home loans offering flexibility from large and small lendres alike is growing.

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