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This article was produced in partnership with Granite Home Loans
Non-bank lender Granite Home Loans is helping brokers fast track clients into better loan positions thanks to its innovative approach to assessing eligibility for refinance deals.
Granite’s Easy Refinance offering, available to accredited brokers at deeply discounted rates, is providing a simpler way to qualify clients into even lower rate loans at a time when interest rates are falling.
Clients who have been making loan repayments for more than 12 months and whose interest rate and repayments will be lower with Granite, can qualify for the Easy Refi offering.
Owner occupiers, investors and SMSF borrowers are all eligible to access the Easy Refi offering, which also extends to commercial borrowers seeking a better rate deal.
Granite General Manager of Distribution, Yianni Socratous, said the Easy Refi offering gives brokers an option for clients who would benefit from lower rates and loan repayments – with the added benefit of less application paperwork.
“Granite’s service proposition is purpose-built to provide rock solid support for brokers,” he said.
“For us, that means making sensible policy enhancements to deliver value for our accredited brokers and their clients. Easy Refi gives brokers a much-needed option to help their existing client base, so they can make a swift shift into a better loan position,” he said.
Granite’s Easy Refi offering is winning broker support thanks to straightforward eligibility criteria, with reduced documentation required to demonstrate a client’s capacity to repay.
The ability to qualify with a 12-month loan repayment history means Granite has removed the need for detailed loan servicing and numerous documents including asset verification documents and information or documentation regarding liabilities.
“Brokers with clients currently locked into higher payments due to serviceability barriers, really see our proposition as unique in the market right now,” Socratous said.
Easy Refi loan applications also benefit from a fresh upgrade to Granite’s digital application technology, which is allowing brokers to deliver client refinance deals even faster.
The upgrade via tech platform Simpology offers brokers a fuller digital experience, including digital consent, ID and document management, for quicker application and settlement.
“Our streamlined application process for Easy Refi applications is making a difference for brokers wanting to offer clients a better deal faster as interest rates change,” Socratous said.
Granite’s Socratous said brokers who are newer to writing self-managed super fund (SMSF) and commercial deals could benefit from the simpler loan qualification approach being offered through Easy Refi.
“For resi brokers seeking to service SMSF or commercial clients walking through the door, Easy Refi is a convenient and less complex way to enter these lending markets,” he said.
“SMSF and commercial borrowers benefit from a similar straightforward approach to borrower qualification, putting these deals within easy reach of residential brokers.”
Socratous said Granite will continue to innovate to provide policy and product offerings that give brokers an edge when seeking to improve a client’s position.
“It’s been tough few years for Australian borrowers, and though interest rates have eased from their peak, there is no doubt many clients will benefit from refinancing,” he said.
“We are incredibly competitive when it comes to our rates, and we’ll continue to offer sharp rates to quality borrowers choosing to use the broker channel to source a home loan.
“Easy Refi is just one of the answers we have to the scenarios our brokers are dealing with in the market now. We want to be there for them so they can be there for their clients.”
Granite Home Loans is part of Australia’s leading non-bank lender ColCap Financial Group. Want to talk to Granite to access Easy Refi loans? Get in touch with the Granite team.
