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Staying true to its commitment to provide sharp-edged financing innovations, Australian First Mortgage has pushed the mark again with the launch of a new range of products to be known as the Platinum Option.

National Head of Sales Clint Hawthorne said the launch of the new range compliments AFM's existing products, and provides even more variety.

"At Australian First Mortgage we pride ourselves on our ability to provide a unique product range, exceptional turnaround times and an old fashioned approach to providing quality and personalised customer service," he added.

"We continue to develop our product range to allow our valued broker customers with viable alternatives to the major banks," Hawthorne said, reaffirming AFM's commitment to the broker channel.

The new Platinum range includes variable and fixed term loans and lines of credit. Two Lo-Doc options will also be made available.

All products will be subject to a clawback of upfront commission of 100% in the first year and 50% in year two.  

The flagship 'Platinum Full Doc' caters for new purchases up to 95% LVR plus either capitalised LMI or the unique Reduced Equity Fee alternative.

Construction is also available with the Platinum range.

AFM will also provide what it calls "very competitive" one year to five year fixed rates options.

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'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.

AFM cuts rate, sizes up Big Four - Having finished 2010 on a positive note Australian First Mortgage has taken 0.15% off its two year fixed rate, as it comes off a December where the non-bank lender recorded the highest volume in settlements for the year.


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