Mortgage Ezy yesterday announced a reduction in rates on its recently released Special Discount 6 Month Variable Loan to an introductory rate of 5.59 per cent.
Following the initial six month introductory term the loan will revert to a discounted variable rate of 7.19 per cent.
The cut reflects growing broker confidence in favour of mortgage managers over the September quarter, Mortgage Ezy’s general manager Garry Discroll said.
“Traditional bank aligned brokers are now sending a higher percentage of their business to Mortgage Ezy because we are able to provide a very similar solution to the majors [banks] but on a more flexible commission rates,” he said.
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