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Reliant Bancorp, Inc. Increases Cash Dividend to $0.09 Per Share

“This quarter’s 12.5% increase in the cash dividend highlights Reliant’s solid performance and strong balance sheet,” stated DeVan D. Ard, Jr., Chairman, President and Chief Executive Officer. “This dividend represents a 50% increase in our cash dividend per share compared with the same quarterly dividend paid last year. We believe that our growth in the cash dividend demonstrates our Board of Director’s commitment to building long-term shareholder value through this program.”

About Reliant Bancorp and Reliant Bank

Reliant Bancorp, Inc. is a Brentwood, Tennessee-based bank holding company which, through its wholly owned subsidiary Reliant Bank, operates banking centers in Davidson, Hamilton, Hickman, Maury, Robertson, Rutherford, Sumner, and Williamson counties, Tennessee. Reliant Bank is a full-service commercial bank that offers a variety of deposit, lending, and mortgage products and services to business and consumer customers. As of September 30, 2018, Reliant Bancorp, Inc. had approximately $1.7 billion in total consolidated assets, approximately $1.2 billion in loans, and approximately $1.4 billion in deposits. For additional information, please visit our website at .

ANZ will cut its reliance on the controversial HEM benchmark for mortgage applications

ANZ is reducing its use of the Household Expenditure Measure (HEM) benchmark in home loan approvals. CEO Shayne Elliott told the financial services royal commission the bank plans to reduce its HEM use to around 30% from over 70%. Elliott confirmed the accuracy of a file note which said he “doesn’t disagree with the weakness in HEM”.

ANZ is cutting back on its use of the Household Expenditure Measure (HEM) benchmark in the approval process for mortgage applications.

CEO Shayne Elliott confirmed the shift in comments made at the banking royal commission today.

Bank regulator APRA first engaged with banks to question their reliance on HEM in October 2016.

And last November, APRA chairman Wayne Byres questioned its accuracy in determining loan applicability.

“We would like to see the industry devote more effort to the collection of realistic living expense estimates from borrowers”, Byres said.

mortgage with kent reliance building society?

does anyone know how flexible is kent reliance building society about your credit to get a mortgage?

I have never heard of Kent? However, with limited credit you should be going FHA! You can even get down payment assistance so you can save your cash.

Speak with an FHA certified loan officer, or email me and we will help you out.