Ian Thorpe in ambassador for online loan service
Former Olympic swimmer Ian Thorpe is behind a novel way to help Australians find the best home loan.
Mr Thorpe is the brand ambassador and a shareholder for a new online home loan service - www.ziggybid.com.au.
Users will be able to identify the best bid through Ziggy’s rating system that simplifies confusing cost structures.
Lenders bid online to give the best-value home loan mortgage.
Ziggybid creator Glen Spratt, one of the founders of Wizard Home Loans, said 15 major lenders would be represented on the online service.
Mortgage aggregator Fast, which has 3,000 mortgage brokers in Australia, would also bid for the home loans, Mr Spratt said.
Mr Thorpe, whose actual shareholding in the company was not disclosed, said the service would help buyers during the turbulent economic period.
“Everyone is affected by the latest financial crisis and I saw this unique service as an exciting, simple and time-friendly way to assist entering the property market,” Mr Thorpe said in a statement.
AAP
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Lisa Carmody December 1, 2008
WE have a $320,000 loan with 25 years left in the duration of the loan .We are looking for the best variable rate and a looking to refinance and settle @ the end of January 2009.