Advertisement
Powered by MOMENTUM MEDIA
lawyers weekly logo
Borrower

Mortgage manager signs funding deal with Resimac

by Staff Reporter3 minute read
The Adviser

Australian Capital Group has added Resimac to its three-lender funding panel.

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.

default

JOIN THE DISCUSSION

You need to be a member to post comments. Become a member for free today!
You have 0 free articles left this month.
Register for a free account to access unlimited free content, or become a PREMIUM MEMBER to enjoy a wide range of benefits