Some lenders are easier on applicants than others

Australia’s regional lenders are more willing to take on higher-risk loans than the big four banks according to a report from Morningstar.

They are also scoring higher than the big four banks when it comes to customer satisfaction said Morningstar.

If you have your loan application rejected, or you haven’t been able to borrow the amount of money you need to purchase your chosen home, widen your search.

There are more than one hundred good home loan providers in Australia. Shop around, there is one for you.

Source: Mortgage Business