Select your own rate home loan
Monday 4 October 2004
Imagine if each individual mortgage broker could decide for themselves how much upfront commission and how much trail commission they could receive on every individual deal.
By The LandlordResi Mortgage Corp is doing just that, turning the current argument about mortgage brokers should be remunerated on its head.
Resi director Ros Kirkland describes the product as "a whole mindshift" which has taken her company about nine months to develop. She says Resi has already conducted a successful trial of the scheme but will still be restricting its general release to two aggregating groups for the moment before making it more widely available.
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