Empower Loans update
As we flagged in recent weeks, there have been some changes to Empower rates, but this could be an opportunity to add value to your existing IO customers.
Letters are being sent to clients this week, updating them about the changes.
Remember that anyone with an IO loan can now change to P&I at no cost. After these changes, the difference between the monthly repayment amounts on a P&I - versus IO - are closer than ever. As a result, your clients may appreciate a call or email to discuss the option with them.