Broker clients still have time to take advantage of Firstmac’s VIP package special, with the offer of the $295 annual fee waived for the life of the loan to end this month and fixed rates cut by up to 33bpts.
Firstmac announced today it has dropped its VIP package fixed rates to 4.31 percent p.a fixed for two years, 4.68 percent comparison, and 4.36 percent p.a fixed for three years, 4.69 percent comparison.
Standard fixed rates have also been cut, to 4.41 percent p.a fixed for two years, 4.83 percent comparison, and 4.46 percent p.a fixed for three years, 4.83 percent comparison.
Managing Director Kim Cannon said Firstmac was pleased to be delivering broker clients excellent value for money.
“The VIP package special is a premium customer offer which recognises that brokers and their clients are the backbone of Firstmac,” he said.
The VIP package special, which was launched in November and will finish 31 March, has no annual fee throughout the loan term and also offers 10 free splits, competitive fixed rates for combo loans, free budgeting software, a free property data report, and discounts on home and contents insurance.
Mr Cannon said brokers who recommended the VIP package special to their clients before it ends had a great opportunity to extend their business and build client loyalty.
“This is an important value-add to a product that is already very competitive, particularly with the latest round of cuts to fixed rates,” he said.
“It helps brokers showcase for their clients their ability to identify and recommend the best products available across the mortgage lending sector.
“It is this level of expertise and guidance broker clients are looking for. It’s the reason they choose the broker model for their home loan.”
Firstmac Limited is an independently-owned, Australian financial services provider with more than 35 years’ experience in home and investment loans. Firstmac has written in excess of 68,000 home loans in the past decade and manages approximately $6 billion in mortgages and $150 million in cash investments. Firstmac is a premier sponsor of the Brisbane Broncos.
Firstmac Limited is 100% Australian owned with over 30 years of experience in home and investment loans which makes us a great alternative to the major banks. Firstmac manages roughly $5 billion in mortgages and $150 million in cash investments through offices in Sydney, Melbourne, Brisbane, the Gold Coast and Singapore. Firstmac Limited has market-backed insurance products backed by international companies, such as Allianz Group and Ace Insurance Limited. International ratings agency Standard & Poor’s gives Firstmac its highest possible ranking (“strong”) for loan serviceability abilities.
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