Articles - Reminder: Resimac has increased commission rates on home loans

Reminder: Resimac has increased commission rates on home loans

In case you missed our earlier email, we wanted to remind you that we’ve increased commission rates on Prime Alt Doc, Specialist (Full Doc) and Specialist (Alt Doc) products*, and this applies to applications submitted from Wednesday 8 March 2023.

The new rates are as follows:

Pipeline applications that had not settled prior to Wednesday 8 March 2023 will also benefit from this commission increase.

General Manager Distribution Chris Paterson said Resimac is dedicated to finding more ways to support brokers who service self-employed and credit-impaired borrowers.

“We recognise the additional time, effort and upskilling required to service and support these particular clients, and therefore have increased commission rates for products that suit this segment accordingly,” he said.

“We also want to encourage brokers to diversify their customer base beyond Prime customers. Catering to self-employed and credit-impaired borrowers can be beneficial for your business, particularly considering the market shifts we have seen in the past 12 months.”

Resimac also recently extended two promotional offers that will continue for a limited time.

Eligible applicants can get owner-occupied pricing on their investment property when they bundle their Prime Full Doc and Prime Alt Doc owner-occupied and investment loans up to 80% LVR. Resimac has also waived interest only loading, which means eligible clients can get P&I pricing on all interest only loans.

Any questions? Speak to a BDM or Relationship Manager in your state or territory.

*Terms, conditions and eligible credit criteria apply to all loan features.

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