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By: Staff Reporter
Mortgage EZY has launched a new variable term home loan that slashes 20 basis points off standard wholesale pricing.
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The uQUIT variable term loan is available as either a professional pack, featuring zero application and valuation fees, or as a zero ongoing fee option at a rate of 6.19 per cent.
Mortgage EZY chief executive officer Garry Driscoll said the new product would fit extremely well with traditional bank aligned brokers.
“The uQUIT variable release ties in perfectly with Mortgage EZY’s uQUIT Bank Replacement Treatment marketing campaign which specifically challenges brokers to take control of their own business and look for viable lending alternatives to the majors,” he said.
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 “it’s a damn good, low cost quality solution that ticks all the important boxes for a borrower and enables our 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 per cent plus LMI capitalisation and is available from 3 May 2010.
