Right now, many Australian borrowers are breathing a little easier after the recent interest rate drop in 2025. But even with rates falling, banks are tightening lending policies — and that’s making it harder for everyday borrowers to secure the best deals if they go direct.
Why going direct to a bank could cost you thousands..
It’s tempting to stick with your current bank, especially if you’ve been with them for years and see them as the ‘safe’ option. But in reality, that approach could end up costing you thousands — not just today, but over the life of your loan.
Here’s why: banks are profit-driven. They rarely offer their sharpest rates or most flexible loan products to existing customers unless you ask — and even then, there’s often a better deal elsewhere. What’s more, with tighter lending rules now in play, your borrowing power and the types of loans you can access vary greatly from one lender to the next.
That’s where working with a mortgage broker can make all the difference. Our brokers can compare over 40 lenders — from the big banks to smaller banks, non-bank lenders and credit unions. Many of these lenders offer more flexible lending policies, sharper rates, or loan features that could suit your situation far better than what your bank has on the table.
Our brokers understand which lenders are open to certain professions, property types, and investment strategies — which is critical if you want to maximise your borrowing potential, minimise repayments, or set yourself up for future property purchases.
In today’s market, simply relying on one bank’s offer could seriously limit your options — and your long-term savings.
Need help finding the right lender?
Before you lock in a loan with a single bank, let one of our brokers at Glass Financial compare the 80+ lenders for you — you might be surprised what you can save. Book a free chat today!
At Glass Financial, we help first-home buyers move with confidence. Let us match you with a loan that fits your goals and helps you unlock home ownership sooner.
