How do non-banks get funds to lend out?
Non-bank lenders are not ‘authorised deposit-taking institutions’ and therefore are unable to rely on customer deposits to help fund home loans as banks do. Instead, they seek funding through the wholesale money market where large institutions invest in mortgages or through ‘securitisation’.
To find out more about your home loan options, meet with your local Aussie Broker. We have over 20 leading lenders on our panel, which includes banks and other lenders of all sizes.