We are in the process of buying another house. Our last one was with CBA and while they are easy and all I don't like that they are so big and their interest rates really aren't very competitive. I also feel like the bank is getting to big and loosing interest in their clients.
We have since been going with Connective Home loans which are a small lender. And their interest rate is 6.52% and I like that every time you call you don't deal with a machine, straight to a person. However we have lost out on 2 properties already because the process is SO slow even though we have pre-approval and are very strong buyers finnancially and aren't buying anything expensive.
We are planning to buy another house that we can pay outright in 5 to 7 years so we can't be locked down.
So my question is:
1. What bank are you with and are you happy?
2. What interest rate are you paying?
3. Variable or Fixed or both?
4. Was the process a pain in the bum?
5. Pro's and Con's with your bank?