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Mortgage product an alternative for brokers

Mortgage product an alternative for brokers

(3 May 2010 – Australia) A new variable term home loan has been released to the market knocking 20 percent off standard wholesale pricing making it an attractive alternative for brokers. Fitting with the firm’s uQUIT Bank Replacement Treatment marketing campaign, challenging brokers to take control of their business and look at other lending alternatives to the main stream banks, Mortgage EZY’s chief said that the new product would fit extremely well with bank aligned brokers.

The mortgage product is either available as a professional pack with no application and valuation fees, or as a zero ongoing fee option at a rate of 6.19 percent.

The mortgage manager’s head of sales and marketing Chris Wisbey said the new product is aimed directly at benefiting Mortgage Ezy business partners because its a good, low cost quality solution that ticks all the important boxes for a borrower and enables the firm’s partners to maintain a level of control unheard of with a major bank.

The uQUIT variable allows borrowers to tap into LVRs of up to 90 percent plus LMI capitalisation and is available from 3 May 2010.
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