Hunt for Home Loan

We have sorted out the land, house plan, colours for the home but the most important thing which is required for us to build the new house is still need to be decided. We have spoken to few banks earlier and got our pre-approvals but didn’t get a time to hunt for a good home loan deal.

We had our previous home loan from OneDirect, an ANZ online bank. They do not offer home loans anymore so they asked us to speak to ANZ directly. We spoke to ANZ loan representative and got all the details and the offer they can provide us on the variable loan.

I have also gone through the following website to look for the offers available from the other lenders. Very useful website to find home loans, credit cards etc. Here is the link:

http://www.infochoice.com.au/

Also, we do our regular banking with CBA so CBA was another choice but they didn’t offer a good discount on the variable interest. so we decided not to proceed further with them.

One of my work colleague introduced me to a Westpac Bank manager as he had really good experience with him.  I decided to give him a call to discuss our loan options. In the beginning, I wasn’t sure if I should go with totally different bank but thought to give it a try. He asked for some information to access our loan eligibility and asked to call back the next day. He called back the next day with all the pre-approvals and the offer from Westpac. We were still not sure if we should change our bank as our existing mortgage was with ANZ (OneDirect).

After talking to the same colleague I told him our dilemma and he mentioned, give this guy a try and I am sure you will love the service. Based on his suggestion, we decided to move our existing mortgage with Westpac. We had another issue, my wife’s surname was change since we bought our last property which also needed to be changed in the existing mortgage & council.

We were amazed with the service provided by the Westpac banker. Firstly he spoke to the OneDirect bank, our council etc for the name change. Also, did everything to get the existing mortgage moved to Westpac without any issues. I literally didn’t have to do anything expect signing few documents and sending them back to him.

We absolutely loved the service and decided to do our next home loan with Westpac as well. Again, as expected, the service was so good I ended up referring few of my friends to the bank manager. We really liked the personal touch which we never had with any other bank or bank manager in the past. He personally knew our file and sorted out all the loan formalities with Porter Davis, Featherbrook builder & conveyancer. He also gave some good suggestions on the way which saved us few hundred dollars. I thought to give his details here, so if you are also seeking a personal touch with your next home loan, give this guy a try. I am sure you will love the service.

Shiv Aggarwal | Home Finance Manager | RETAIL & BUSINESS BANKING

Westpac Banking Corporation | 215 Smith Street, FITZROY VIC 3065
M 0428 709 127  | F 03 9416 3215 | | E shivshaktiaggarwal@westpac.com.au 
Winner Money magazine’s Business Bank of the Year 2008, 2009, 2010 & 2011

Finally the home loan was approved and all the formalities were sorted. Thanks to Shiv (The Bank Manager) & Wespac for making it so easy for us.