Mortgage manager signs funding deal with Resimac

It will now offer products from the non-bank lender via its Nationalcorp Home Loans and Australian Capital Home Loans businesses.

Australian Capital Group is already a mortgage manager for Adelaide Bank and ING Bank.

Chief executive Barry Parker said Resimac offered impressive rates on low-doc loans.

Resimac can also provide in-house approval for lender's mortgage insurance on loans with a loan-to-valuation ration of up to 90 per cent, he added.

Mr Parker said the Resimac deal would result in cheaper rates. “We have a term loan and a line of credit from 5.02 per cent,” he said.

Australian Capital Group manages more than $1 billion of loans, according to its website.

Written by Staff Reporter

Last Updated: 09 March 2022

Published: 30 January 2014