Once Pty Ltd acquires mortgage bidding site

Once Pty Ltd has added the online mortgage bidding site, BidMyLoan.com.au, to its product line up, aimed at assisting home owners, investors, and first time home buyers to gain control over the home mortgage process.

BidMyLoan.com.au enables borrowers to receive multiple bids from home lenders for their mortgage without leaving home, eliminating the time consuming process of completing bank applications or visits from mortgage brokers.

One single application form enables borrowers to specify exactly what they are looking for in their loan – such as fixed or variable interest rates, repayment frequency and redraw facility – allowing lenders to come back with a competitive price, and a loan tailored to the customer’s exact requirements.

The application can be lodged online in less than 15 minutes, with lenders making  a bid within two working days to win your business.

Director of Once Pty Ltd Stephen Benton says the site has partnered with some of the country’s leading banks and lenders, providing customers with easy access to a cross section of loans which meet their specific needs.

“BidMyLoan.com.au addresses the growing consumer frustration with lengthy, complicated mortgage application processes, and assists borrowers to get the loan that best suits them at a competitive price.”