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Non-bank waives home loan application fee to lure FHBs

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Australian Broker | 27 Jan 2015, 08:20 AM Agree 0
A non-bank lender has kicked off the New Year by waiving the application fee on one of its home loan products
  • Judy West | 27 Jan 2015, 09:34 AM Agree 0
    Well done Liberty! Sounds like a plan... Just hope the interest rate is not loaded to the hilt?
  • Richard | 27 Jan 2015, 10:28 AM Agree 0
    Every time I approach Liberty about a new loan transaction their fees & interest rate are always over the top.
  • Compared to what | 27 Jan 2015, 10:53 PM Agree 0
    Hey Rich,
    Maybe they are cheap if your client is sent the wrong message by broker B grade and Broker A around the corner sees the value proposition and exit to a mainstream lender??
  • Andrew Edwards | 28 Jan 2015, 09:01 AM Agree 0
    The fees and rates are in line with the product offering.

    If a client has no other alternative then Liberty is a good option. Non-conforming lenders have to make their money up front as they know clients will leave in 2-3 years.

    I have always found them a good alternative if my clients cannot get finance approval from the majors.
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