so once everyone has maxed out the banks and adelaide bk and firstmac, is there an option of using other non deposit taking financial institutions such as for e.g.
1. liberty financial
2. la tribe financial
3. resi home loans
4. pepper home loans
5. wide bay australia
there rates r likely more expensive, but how do they rate on a serviceability of ofi debt, and their own debt?
thanks
Resi is largely funded by NAB via advantedge so no go there . Wide bay recenlty rebranded as Auswide Bank I think, and I expect they will have the same issues
the balance are lender that you really dont want on your CRAA (liberty and pepper esp, since they are seen as lenders of last resort)
Having said all that, borrowers that want to grow will need to do what they need to do, the firnge lenders are exactly that in terms of volume and have neither the cash nor the process to soak up what the bigger lender have been asked to leave on the table.
ta
rolf