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Lender special could save clients $15,000

by Staff Reporter9 minute read
The Adviser

Resimac Financial Services has extended its temporary 100-point fee reduction by three months.

The non-bank lender announced in August that it had temporarily reduced its risk fees by one percentage point for all specialist lending products with a maximum LVR of 80 per cent.

That covered the full range of Resimac's specialist lending suite, including all full doc and alt doc products.

The promotion was originally scheduled to end on November 28 but will now be extended to February 27.


Chief commercial officer Allan Savins said brokers now had more incentive to consider Resimac – and that it would be well staffed over the holiday period to process applications.

"The risk fee waiver can potentially save a client up to $15,000, representing a significant saving for the borrower," he said.

"We have had an overwhelming response from our broker partners to our risk fee promotion and we would like to thank them for their continued support."

Mr Savins also said Resimac had been increasing its volumes due to the breadth of its offering.

"We have products and policies that allow us to consider any loan application based on the needs of the borrower regardless of these not fitting the profile of mainstream loans," he said.

[Related: Australian Capital Group adds Resimac to funding panel]

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