As a large online mortgage firm we have experienced a large shift from the Non Bank lenders to the major banks who have now unfortunately taken too much % of market share…Our Private lenders have also been inundated with work as the funding restrictions imposed by these banks has basically created a new funding facility for the customer looking outside the box of traditional finance.

A mortgage in its true sense is all the same however, the mortgage that one might require these days needs to be shopped as the lenders look for safety first and scan their approvals for the cream of the crop….

We do believe things will start to change again once conditions improve but never how it used to be that’s for sure!

Cheers,

AMC.