20 Jun 2017

Firstmac Breaks $8 Billion Barrier

Australia’s largest non-bank lender Firstmac has continued the rapid growth of its loan book, this month passing the key milestone of $8 billion in mortgages under management.

Firstmac founder Kim Cannon said the strong growth showed Firstmac was successfully providing competition that was desperately needed in the Australian lending market.

30 Jan 2017

Firstmac Offers Industry-Leading Investor Package

Non-bank lender Firstmac has bucked the market trend by announcing a substantial rate reduction for some property investors at the same time as other home lenders are raising their investment loan rates.

Firstmac has launched an Investor Package which extends its Owner Occupier rate, starting at 3.79 per cent, to the investment loans of customers who bring the lender both their home loan and investment loan.

National Sales Manager Jake Sanders said the offer threw out...

24 Jan 2017

Firstmac Extends Two Week Settlement Guarantee

Non-bank lender Firstmac has extended its groundbreaking two week settlement guarantee after achieving a 100 per cent success rate in its first three months of operation.

National Sales Manager Jake Sanders said that every borrower who met the criteria, since launching in October last year, had settled within the guarantee period and more importantly on or before the due date of settlement.

17 Nov 2016

Firstmac Completes $145 Million RMBS Re-issue

Australia’s largest non-bank lender Firstmac today priced a $145 million issue of Residential Mortgage Backed Securities (RMBS) at 130 basis points over the Bank Bill Swap Rate (BBSW).

The deal compares favorably with its last transaction in October which priced at 135 basis points over BBSW.