Just curious and asking
Anyone here with liberty financial and could give a feedback of pros and cons
Are they any good as a home loan lender
I’ve heard stories that they like tobump their interest rate very high and very negative reviews about them
Anyone with Liberty Financial Home Lender
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I'm with them. Have had no issues at all with them.
They are known to be a low doc / no doc loan provider; so their rates are higher than other providers; but they do give loans to people who wont necessarily get a loan elsewhere.
They are fine. They serve the purpose of getting a home loan.
There are usually cheaper options but that depends if you can qualify.I'm with Liberty Financial for my mortgage.
Firstly, I was well aware that their rate was higher than others because they're a low doc lender. That's expected and I don't think it's anything anyone should fault them for. Low docs = higher risk = higher interest. That's fair.
I did notice a couple of letters from them notifying me of a reduction in the rate. I don't tend to pay much attention to my mail (because I know that any rate rises won't impact my payments much at all), so I don't know how much it was reduced. I believe the reductions came about as a result of the RBA reducing their rates so they do pass some cuts on.
Establishment of the loan was quite straight forward - give them the docs that they require to make a decision (through a broker) and things happened quite quickly. In the past three years that I've been with them, I haven't had any late payments, etc so I can't comment on any of their other processes (such as if a payment is late, etc). In my case, everything's been quite uneventful (so good).
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