Vow Voice 1st June 2018

Join Vow Financial and ANZ for the Security Guarantee and Minimising Re-work Webinar.

Our Security Guarantee and Minimising re-work webinar will assist brokers with all the basics of ANZ's Security Guarantee policy,

As well as providing you with some hints and tips to attaining one touch approvals.

Join the webinar on Thursday 7^th of June from 1pm - 2pm.

The Continuing Professional Development is valued at 0.75 points and equivalent to 45 minutes

You can join the webinar from your computer, tablet or smartphone via the following Go to Meeting link: https://global.gotomeeting.com/join/583533429 or you dial in to (02) 9087 3604 and enter Access Code: 583-533-429

We have a special offer for Commercial Loans > $500,000 where we have reduced our standard application fee from 0.5% to 0.25%. This will save your broker's clients over $1,250 based on a $500,000 loan.

The special is for a limited time and a fully completed application with all supporting documents must be received by Saturday, 30 June 2018.

This coupled with:

• 20 Year loan terms
• LVRs up to 75%
• Variable rates and Fixed rate from 4.69%
• Access to a dedicated Business Development Manager (BDM) to help you put the deal together
• Fast Turnaround times and access to our credit team once the deal is lodged

This makes IMB a real alternative, contact your BDM today for further information.

Macquarie Bank has updated its accreditation process through its Broker Personal Banking Home Loans Business. To update your Broker Accreditation, or become an accredited broker with Macquarie Bank, please fill out the following up-to-date Broker Accreditation Application form.

• Macquarie Broker Accreditation Application form.

We are pleased to advise the 'Apply On-line' system has been updated to refect the Resi branding in place of Group Lending.

If you have a client requiring a specialist lending option, it is well worth your while considering the Resi Renew & Restart range. Here is a recent loan application that came in for the Renew / Restart range and how the pricing compares to Pepper retail.

We have recently looked at a loan of $821, 976 which was Owner-occupied interest only at an LVR of 78%, due to circumstances, this particular loan fell into the Near Prime classification.

Resi was able to get this loan set in out Renew near Prime Ultra Product with the following rate and fees (outlined in comparison table below).

The product was better suited to the client than the Pepper retail equivalent, as their intention is to sell the property in 2 - 3 years' time (outlined in comparison table below).

The client was prepared to pay the slightly higher interest rate in order to avoid the substantial Mortgage Risk Fee. At Resi we have found that a lot of our client's intentions are not to remain in a specialist loan ion beyond 3 - 4 years, in which case, they usually end up ahead with our low fee structure.

If our clients are insistent on minimising their interest rate and happy to pay the Mortgage Risk fee, we can undercut the Pepper retail range. Check out the full rate card attached and comparison table below.

Has this got you interested? Contact the team below to discuss your next scenario.