Powered by MOMENTUM MEDIA
Powered by MOMENTUM MEDIA
subscribe to our newsletter
BMM reduces rates by 1%

BMM reduces rates by 1%

Better Mortgage Management (BMM) has slashed interest rates and increased the maximum loan amounts for several of its home loan products.

The non-bank lender’s Flexi One Full Doc product range has seen rates cut by as much as 100 basis points, with rates starting from 5.37 per cent. The 100 basis-point reduction applies to loans with an LVR of between 90 and 95 per cent, with the rate starting at 7.84 per cent.

Furthermore, the maximum loan amount for the Flexi Specialist Full Doc product has increased to $2.5 million.

Advertisement
Advertisement

BMM’s Flexi Ultimate Alt Doc product has been reduced by 25 basis points to 4.69 per cent (with a 4.93 per cent comparison rate), while the fixed and variable rates for its Credit Gold Full Doc and Credit Power Pack Full Doc have also been cut by 25 basis points.

These changes mean that BMM’s New Credit three-year fixed rate starts at 4.24 per cent, while the variable rates for its Credit Gold Full Doc and Credit Power Pack Full Doc loans now start from 4.23 per cent and 4.13 per cent respectively.

[Related: Mortgage rates continue to fall]

 

 

BMM reduces rates by 1%
mortgagebusiness

 

Latest News

The major bank has lowered its interest rate floor for mortgage serviceability assessments, becoming the third major bank to amend its polic...

A big four bank has announced the appointment of a new chief executive officer. ...

Digital neo-lender 86 400 has been granted a full authorised deposit-taking institution licence by APRA and expects to launch its mortgage ...

FROM THE WEB
podcast

LATEST PODCAST: A shift in serviceability requirements

Do you think the banking royal commission recommendations could negatively impact competition in the mortgage market?

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.