One of the advantages of FINSTREET Group is its transparent fee structure, he said. Under the FINSTAR Capital Blue product range, the application fee of $3,300 is refundable at the settlement date.
“Additionally, we do not charge a Risk Fee against our LVR settings … this is welcome news for business owners, trades, self-employed, and downsizer borrowers, as this provides additional cashflow relief back into their business,” Liu said.
In addition to short-term bridging lending, FINSTREET would continue to offer more complex transactions, such as construction loans, commercial loans and self-managed super fund (SMSF) lending, he said.
“FINSTREET Group is investing in the third-party channel by developing good products to partner with brokers, which also aligns with the collaborative nature of the mortgage industry,” Liu said.
“Our key goal is to help brokers enhance their customer proposition and improve customer retention efforts.”
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- Source: https://www.mpamag.com/au/specialty/alternative-lending/finstreet-launches-bridging-finance-for-business-owners/456192
