Sometimes the bigger option is just better. Like when you’re buying a trampoline, won on a scratchie, or when you can only get one burrito. At those times, scale it up (and add guac).
The same can’t always be said for lenders. You know the larger banks – you’ve seen their ads on billboards and in glossy magazines. They have shopping centre branches with soft music and free desk lollies. But are they really the best option for your home loan?
While big banks and banks might seem similar, the boutique lender may offer the personalised service you really want. What if you bought your own toys and borrowed from a bank who treated you as more than just a number?
You’re not a profit and loss sheet.
Let’s face it, when it comes to your first home loan, there are a lot of numbers that count – like how much you can borrow and the rate you’ll pay. But you are not just incomings and outgoings. You’re not even just your customer number or your PIN. You have a name and a zodiac sign!
Small lenders like ME recognise the huge commitment of a home loan and have the time to make sure yours is a good fit. Small bank home loans come with a tailored service that treats you like Laura, not 35743545.
Enjoy service that focuses on you.
You may already have everyday accounts or cards with another bank, so heading to them for your mortgage can feel like the easy option. But it’s worth casting your net a little wider for your first home loan – after all, it’s a far more significant step than opening a bank account.
Chances are you have lots of questions to ask. Having clear points of contact at every stage of the home loan experience can make getting the right answers so much easier, whether that’s discussing your loan needs and submitting an application, or understanding how to manage your loan settlement.
The great service shouldn’t end once the keys are in your hand. If you have any queries after you’ve settled into your first home, it’s important to be able to contact your lender knowing you’ll get the support you need.
Smaller banks can mean bigger savings.
You want your home loan budget to stretch further. Savings you make now could mean paying less interest over time, money left over for a fancy new couch, or peace of mind knowing your expenses won’t blow out.
Without the costs of a big branch network, the best small bank lenders are often able to provide home loans with all the features you need at an extremely competitive rate. And because ME likes to keep things simple, we offer just two home loans - basic and flexible . Easy.
Choosing a smaller lender can revolutionise your banking experience. You’ll be so much more than just another borrower taking out a loan. As a smaller bank, the ME team has the ‘friendly small-town’ vibe that will make you feel understood, supported and hungry for a good local vanilla slice. We provide just the right level of advice and support to make your first home loan the ideal match for your circumstances.
Check out our bank home loan comparison calculator to see how our products compare, or talk to your ME Mobile Bank Manager for to get into your first home sooner.
This article is prepared based on general information. It does not take into account individual financial objectives or needs and is not financial product advice.