Interstar/Freeman Fox

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From: Shelly R


Hi Rolf,
You mentioned in the Resi Home Loans message
that you use Interstar as one of your
smaller lenders.
I recently obtained a loan from them via
Freeman Fox.Could I have just gone direct?
Cheers Shelly R
 
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Reply: 1
From: Rolf Latham


Hi Shelly

Interstar are a wholesale funder. This means the work mainly through brokers and originators like FF.

Each broker group shrinkwraps that product and has their own margins on the delivery rate.

This is why for example some sell no-docs loans for example at 6.3 and and some at 7.3 % even though the product is very similar.

ta

Rolf
 
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