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Homeloans ups commissions, cuts rates

Staff reporter 1 minute read

Non-bank lender Homeloans has announced further enhancements to its Optima product in response to feedback from brokers.

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>The latest changes see upfront commissions increase to 0.70 per cent for its Optima range, while variable rates for owner-occupier loans will be reduced by 0.07 per cent – now starting at 4.36 per cent, and with a comparison rate of 4.37 per cent.

Homeloans’ general manager of sales, Ray Hair, said the Optima range is its fastest-growing group of products on offer.

“Its popularity is testament to the benefits that Optima provides both brokers and their customers,” he said.

“We have further enhanced what was already a highly compelling loan solution as we take into consideration our brokers’ and customers’ needs.”

The Optima range currently boasts no get-in costs or ongoing fees, with free upfront valuations available for brokers on standard properties worth up to $2 million.

[Related: Homeloans acquires Queensland lender]

Homeloans ups commissions, cuts rates
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