When you’re applying for a home loan, the fate of your application can heavily rest on one simple measurement tool, determining whether you land your dream home, or feel the soul-crushing pain of being rejected for a home loan.
Finding the right home loan can be a lot like finding a romantic partner. There’s many to choose from, but few to match your needs. Some will reject you, some you’ll dump after a while and some you’ll be stuck with for over 20 years.
Not all banks are created equal. There can be a distinct difference between banking with a big four behemoth like CommBank compared to, say, an online-only non-bank lender, or a not-for-profit community bank in a surfing village.
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