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- AFM cuts rate, passes full benefit on
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- New research: Borrowers stick with bum lenders to avoid brokers
- Gateway passes full rate cut on to members
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- Now Heritage joins the 'sub-six' fixed rate club
- Extinction danger for mid-tier mortgage businesses - Ballast
- Heritage drops a little something in the stocking for its members
- Aussies keen to buy property, but wary still - survey
- RBA triggers demand, says top aggregator
- Low Doc damage: Media hype to blame
By Tim Neary
December 9, 2011
Iain Forbes
Staying true to its name, Australian First Mortgage is the first non-bank lender to reduce its rates in line with the RBA announcement earlier in the week.
Director Iain Forbes made the announcement today that AFM will reduce rates on all products in its Platinum Option program by 0.25%.
"At AFM we pride ourselves in providing competitive interest rates," he added.
"This now brings the standard variable interest rate on our 95% Full Doc product to 6.49%," Forbes said.
The change is effective from 13 December 2011.
Related Stories
'Prime funding' arrangement allows AFM to cut rates again - Australian First Mortgage national head of sales Clint Hawthorne has said AFM's prime funding options equip it to continue to provide sharp-edged financing opportunities to consumers.
Exit fee ban sees AFM shore up sales capability - In the wake of the news that deferred establishment fees are gone for good, Australian First Mortgage has announced the appointment of Clint Hawthorn as its new national head of sales, as the mortgage manager declares the playing field "level" in the residential lending space.
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