What you need to know
- $2,000 rebate for new home loan applications that require LMI
Whether your customer is looking for a new owner-occupied purchase or a new investment purchase, if they require Lender’s Mortgage Insurance and the LVR is greater than 80% then AMP will provide them with a $2,000 rebate, no matter the LMI cost. This is subject to meeting the eligibility criteria.
- AMP reduced their Fixed Income rates
AMP has reduced rates across the board on Investors and Owner Occupied in their Professional Package. Check here for the rates bulletin.
- Investor P&I starting from 6.09%
- Investor IO starting from 6.24%
- OOC P&I starting from 5.99%
- OOC IO starting from 6.39%
AMP is partnering with MSA National
They have selected MSA National to be their panel solicitor for handling their loan documentation and settlement processes and will be integrated with Simpology for their Q2 2025 launch of their new simplified end-to-end home loan application journey. By leveraging the new Simpology platform and integrating MSA National, AMP expects to improve the speed and quality of settlement activities while enhancing support, communication and providing more visibility of the status to both brokers and customers.
In the meantime, it is business as usual and their team will continue to provide the same great service experience you know and expect from them. Visit their distributor website for more information.
If you have any questions, refer to your Financial BDM.
