Mortgages

Asteron targets refinancing market

Asteron has this week launched a home service which has an incentive for advisers and brokers who are looking at refinancing home loans.

Friday, April 02nd 2004

Over 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.

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Heartland Bank - Online 6.69
SBS FirstHome Combo 6.74
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Unity 6.99
Co-operative Bank - First Home Special 7.04
ICBC 7.05
China Construction Bank 7.09
BNZ - Classic 7.24
ASB Bank 7.24
ANZ Special 7.24
TSB Special 7.24
Unity First Home Buyer special 6.45
Heartland Bank - Online 6.45
China Construction Bank 6.75
TSB Special 6.75
ICBC 6.75
ANZ Special 6.79
ASB Bank 6.79
AIA - Go Home Loans 6.79
Kiwibank Special 6.79
BNZ - Classic 6.79
Unity 6.79
Westpac Special 6.39
China Construction Bank 6.40
ICBC 6.49
SBS Bank Special 6.55
Kiwibank Special 6.55
BNZ - Classic 6.55
Co-operative Bank - Owner Occ 6.55
ASB Bank 6.55
AIA - Go Home Loans 6.55
TSB Special 6.59
Kainga Ora 6.99
SBS FirstHome Combo 6.19
AIA - Back My Build 6.19
ANZ Blueprint to Build 7.39
Credit Union Auckland 7.70
ICBC 7.85
Heartland Bank - Online 7.99
Pepper Money Essential 8.29
Co-operative Bank - Owner Occ 8.40
Co-operative Bank - Standard 8.40
First Credit Union Standard 8.50
Kiwibank 8.50

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