HomeStar Finance – Will they save you $1000′s?
I have recently seen a lot of attention directed towards Homestar Finance, a non-bank home loan lender that is offering competitive home loans that are much better then most of the other bigger providers.
They first caught my eye when I was comparing home loans on one of the major comparison websites, largely due to their low rates and hassle free approach to the home loan process.
This review is aimed at helping you understand a little bit more about who HomeStar is and what they do.
This review comes first hand after dealing with them recently as I had to enquire about applying for a new home loan for a property I was interested in.
My review of HomeStar Finance will:
- Help you save $1000′s on your home loan
- Educate you about HomeStar Finance
Dont know who Homestar Finance are? Click here to see their website.
Who are HomeStar Finance?
HomeStar Finance are a non-bank lender. This means they offer home loans but are not associated with any of the big four banks. This is a good thing for the consumer as they offer discounted home loan rates due to keeping their overheads low and their operations to only over the phone or internet, effectively passing on the savings to the consumer.
Are HomeStar Finance secure?
Some people are worried about dealing with non-bank lenders, largely due to the fact that SOME non-bank lenders in the past few years have sourced the majority of their funds from the US, meaning that when the US gets in trouble, so do the lenders.
HomeStar Finance is different though, they source their funds from ING, an established and well known banking brand here in Australia making them 100% secure, just as any of the big banks.
What do I like about HomeStar Finance?
- They respond very quickly. If you want to know how much you can borrow in a hurry, they can help.
- They have won non-bank lender of the year 2008 and numerous other awards from Your Mortgage Magazine.
- They have super low rates
- They avoid the typical mortgage jargon, instead speaking with you in plain English.
How can you save $1000′s?
Because HomeStar Finance offer interest rates at nearly 1% lower then some of the big banks, it could effectively save you thousands over the life of your loan.
Also, they offer very low fee loans. This means you will save hundreds or thousands each year.
Another way you can save money is that HomeStar Finance give you all the features you have come to expect in a home loan, without the fees and charges many of their competitors would insist on.
Check out HomeStar Finance for yourself
Why not do a bit of reading on them yourself? Check out their website here.
Conclusion?
HomeStar Finance are great.
They have Savings Guide tick of approval for value and competitiveness in the home loan market, definitely check them out if you need to refinance or get a new loan.
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