MPA Lender Update - 16/10/2015

ME cuts fixed rate | Better Mortgage Management drops rates | Iden Group announces new product

ME cuts fixed rate | Better Mortgage Management drops rates | Iden Group announces new product 

MPA Lender Update is your same-day product information service, bringing together updates from all lenders

RATES


ME cuts 2-year Flexible Home Loan fixed rate for owner-occupiers by 40 basis points to 3.89% p.a. (comparison rate 4.71%p.a.).

Better Mortgage Management decreases variable rates by 0.58% across all ABL Alt Doc Product suite and drops rates to as low as 4.35% for Credit Power Pack P&I Investment (comparison rate 4.53%).

PRODUCT

Iden Group announces new product Rapid Home Loan Reducer providing qualified customers with a discount up to 3%.

POLICY

Better Mortgage Management changes policy on Taurus Commercial Quick Doc where income verification only requires Self-certification.

COMMISSIONS

No changes today.

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