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Homeloans ups commissions, cuts rates

by Staff reporter1 minute read

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

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.

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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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