RESIMAC abolish risk fees
Non-bank lender, RESIMAC Home Loans, today announced it will no longer be charging Risk
Fees on any of its products.
“Reducing the upfront costs associated with a loan will reduce the ‘get in cost’ for the borrower
and allow them to speed up the time required to accumulate their 20% deposit.” Said Adrienne
Church, General Manager of RESIMAC Home Loans.
Keeping with the theme of reducing upfront costs, RESIMAC Home Loans will also be reducing
its settlement fee on Specialist loans from $949 to $575. “We want to ensure we make the
process of obtaining a home loan through RESIMAC as easy as possible. In the current
environment we would prefer to assist borrowers by reducing fees that could have otherwise
been used towards their deposit.” Added Church.
As a result of removing Risk Fees, some of RESIMAC’s products will see rate increases,
however their Prime Standard product will not see any rate increase for LVR’s at or below 80%.
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