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Our guest Matthew Stevens talks about home loans and banks
Matthew Stevens is a Finance Professional at Capita Finance Solutions (office located 2/658 Newcastle St, Leederville WA 6007). He specialises in finding the best home loans for his clients. Matthew works with over 30 trusted lenders and provides a free home loan service.
In this article, Matthew is chatting with our Perth buyer’s agents Simon Deering and Heath Bassett, giving us insight into the Perth property market and different home loans with different banks.
Banks and interest rates in Perth WA
Capita Finance Solutions and banks
When it comes to banks, everyone wants to save money and make sure they have the best deal. With a booming Perth property market, we can see more online banks getting the interest of buyers. Read the article about the Perth property market here.
Matthew Stevens talks about new exciting banks and bank products coming out like Fintech banks. These banks are more customer-centric and focused on SLAs (Service Level Agreements) and time to service.
Online banks: a massive increase in Australia
Digital banks make things easier
Digital banks allow more flexibility and a more personalised experience to a growing digital demand from customers. Everything is online, from bank statements to fully personalised customer support. These banks can be a good alternative to major Australian banks.
Here are some of the Australian Fintech banks:
- UBank, owned by NAB
- ING, owned by ING Bank
- RaboDirect, owned by RaboBank
- Me Bank, owned by Industry Super Funds
- Easy Street, owned by Community First Credit Union
Instant loan approvals
Online banks can give customers an instant decision on both levels:
- Pre-approval
- Approval
In a few clicks, digital banks can give home buyers an instant answer before they purchase a new home. This is a fantastic solution for property buyers or investors.
Home loan rates in Perth
Low-interest rates
Currently, home loan rates are still low. Cash rate is at a record low. There is no real sign of that changing anytime soon.
But with lending increasing, we expect pressure from the banks and an interest increase to come.
Capita Finance Solutions are servicing a great number of loans, with increasing monthly demands.
Fixed-rate
Matthew Stevens, Finance Specialist at Capita Finance Solutions, mentions that it’s a great time to look at fixing rates. Investment fixed rates, in particular, are low. If you’re paying 3% and above, chances are that you might be paying too much.
Using a buyer’s agent to get the best home loan rate
More options to choose from
You&Me Personalised Property Services gives you more flexibility and more options to choose from. Our expert Perth buyer’s agents will help you save money in helping you choose the best bank for your next home loan. We will choose the best bank that will match your expectations and your situation.
If you would like to talk to one of our experts, contact us.
Are you ready for your next Home Loan? Stuck on who to use?
At You&Me Personalised Property Services we pride ourselves on not having an in-house team of various professions, this ensures there is never a conflict of interest.
Instead, we have formed strong networks with industry-leading professionals, and we refer a number of those services to our clients with no kickbacks. A great example of this is our mortgage broking connections. We make sure that every client has the best team supporting them from start to finish, and to ensure we all work together as a team for every client, to provide a personalised property experience that exceeds expectations time and time again.
If you would like to talk with Mathew or explore other professional options, please get in contact with us today and book in your free 45-minute discovery meeting.
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Property Buyer's Agent and Co-Founder at You&Me Personalised Property Services