Over the past decade, the Australian housing market has been opened up to private lenders after the step was taken to de-regulate the industry. Much confusion still reigns over what advantages that the new kids on the block bring to the table … what are the benefits of a non-bank mortgage compared to what Australians have dealt with in the past? This article aims to clear the air on this often confusing subject. More liberal lending terms After the 2008 financial crisis, the Big 4 tightened their lending criteria to protect themselves against high-risk borrowers, with the unfortunate side effect…