Asteron targets refinancing market
Friday 2 April 2004
Asteron has this week launched a home service which has an incentive for advisers and brokers who are looking at refinancing home loans.
By The LandlordOver recent years brokers have been focussed on writing new mortgages on the back of the property boom, however it is expected that refinancing will become a much more active part of the market now.
As part of its launch Asteron is offering a $300 contribution towards to people who are taking out a new home loan or refinancing using the traditional route which includes engaging a solicitor. This money can be used for legal, valuation or moving costs.
Asteron has focussed on the refinancing market with what it calls an Easy Refinancing option. This option is priced at around $280, compared to the normal cost of between $500 and $800, and as part of the incentive it is paying the refinancing fee.
The service cuts out the need for solicitors to be involved and used a title insurance policy.
Asteron Home Loans are a white labelled home loan product run by Australian Mortgage Securities (AMS). It has competitive fees, and includes a no financial home loan product.
Read More - Opens in a new window
Commenting is closed
Worried about the government’s tenancy law reforms? You’d better speak up soon because there’s under a month to make a submission on the legislation.
Provincial markets stole the asking price spotlight from the main centres in January, according to the latest Trade Me Property Price Index.
Tightening credit conditions could impact on New Zealand’s booming commercial property market, according to the Property Council’s chief executive.