The New Lending Landscape

Is now the right time to invest?

Savvy investors know that there are opportunities amid the recent chaos. So, if you had the means you may have already taken advantage of the new lending landscape that’s available right now.

If not, you may want to jump on board…

It all started a few months ago. Banks needed people to borrow again. 

Applicants who wanted to refinance inundated their banks. But those banks weren’t receiving as many loan applications.

So, they dropped their rates.

That’s right.

Rates are at an all-time low right now.

Banks have also slowly shifted the way they do business because they had to learn to work around COVID-19. Namely, people started working from home.

Consequently, we’re starting to see service levels come down.

Service levels are the time it takes for a bank to process a loan. So, if those levels come down, what used to take 25 days can take as little as three days to process.

You may wonder who’s benefiting from this new way of doing business…

Homeowners are seeing better rates on the market and that may lead to fewer defaults. So, that’s good news for owner-occupiers who need affordable home loans.

Investors are also seeing some of the lowest rates available right now. You may be looking at mid to high twos depending on how much you borrow against the value of the property.

It’s unprecedented in our time.

And there’s chatter that those rates are going to stay low for the next two or three years.

Now, that’s not a guarantee because nobody has a crystal ball to predict the future. But economists are saying that they’re going to keep rates as low as possible to help try to drive and stimulate the economy.

So, what are you waiting for?

Now’s a great time to invest!

Even if you’re in “saving mode” and not “investment mode,” we have programs that can help.

Take advantage of this unique period of lending history and learn about the possibilities.