Non-bank lender offers rebate to borrowers
Non-bank lender Opportune Home Loans is offering a $600 rebate to borrowers who seek approval for a home loan before the end of the year.
The $600 will be available to all borrowers who settle loans between now and 28 February 2011, so long as unconditional approval is arranged by the end of December 2010.
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Paul Ryan, founder of Opportune, said he was acutely aware of the importance of a competitive and healthy home loan market for consumers.
Rebates will be paid one month after the loan settles.