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Opportune Home Loans is the latest mortgage manager to announce the launch of a new home loan designed to compete with the major banks.
The Opportune Prime Home Loan has a variable rate of 8.89 per cent coupled with an upfront commission of 0.60 per cent and 0.20 per cent trail commission for the life of the loan.
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The latest product launch follows Australian First Mortgage, which launched a similar product on Tuesday. The lender hopes it will create much needed pricing competition to the banks.
Paul Ryan, managing director of Opportune Home Loans said by providing a quality product, interest rate and commission structure “we are taking the challenge up to provide market alternatives”.
Published: 08-08-08
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