Is it easier to get a home loan from a bank or another lender?
When you are getting a home loan, a 'bank' and a 'lender' provide a similar service, offering you funds to buy a property, and securing the loan on that property. The difference is that banks have a banking license, meaning they are also authorised to take deposits from the public and hold them (for example in a savings account).
One of the main advantages of borrowing from a bank can be ease of access, as it allows you to combine a range of financial products together, while non-bank lenders may offer competitive rates.
The experience and service you receive may vary between the two, as will the home loan products they offer, so it's important to consider all of this when comparing home loans. Your Aussie Broker can do all of this for you, and help you find the right lender or bank for you. This service is part of your free appointment.