Current Bank Prime: 10.0%
Best SELECT rate: 8.5%
Select Home Loans
Welcome to Select Home Loans, and thank you for visiting our site.Our company was formed in mid 2004 after our director left a major bank as their HomeLoan manager at two local branches to follow a bigger vision. Our services are completely free to the client, and even for our expert advice and extended connections into related industries, our clients will never pay a fee. We’re about long-term relationships, and about making sure our clients get the very best we know how to give them. With the latest in communication technology to stay in touch (sms, e-mail, internet telephony, messaging software and of course, the normal phone call!) we offer unbeatable convenience and that’s before we’ve even started negotiating with the banks for great products and interest rates just for you. How do we make money? Simple! The approving bank pays us a fee for handling the administration of the loan application, a cost they would have incurred anyway. A client is never penalised for using a bond originator as it is against all policies to charge a client either by way of service fee or in increased interest rate for using a particular input channel. In most cases, we are more efficient at managing an application to a HomeLoan centre than the bank branch of the same bank. Please look around our site for all of our partners, services, types of loans, calculators and more. We look forward to hearing from you soon. Warm regards, Your HomeLoan Consultants About Bond Origination.A Bond originator is basically a middle-man between the client who needs a bond, and the bank who lends the money. In the past, a client would go to his bank and complete the forms, provide supporting documents and wait for an answer. Should they want an additional or new loan in the future, the process would need to be repeated. Now, clients complete one application form with a HomeLoan professional which is loaded electronically onto a submission system. The originator can then submit the application to up to 5 banks at the same time. All our clients details stay with us, and on our system (completely secured of course, confidentiality is paramount), and this means once you’ve been through the process once with us, you will have not even half the effort to go through the next time, and time after that. We call this CLIENT 4 LIFE. Our systems can actually get a deal into the bank’s HomeLoan credit department quicker than the same bank’s own branch owing to Mortgage Origination technology exceeding the banks’ own infrastructure. Because of this speed, and our ability to multi-submit (a plan “B” if you like), we are a far better option than actually using your own bank branch. We know exactly what is needed for each bank and how to submit, motivate and follow up any given deal to ensure the best chance of approval, and best package offering. Please see our link detailing all the types of loans and our affiliated partners for more information. |
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