AFM Reduces Commercial Variable Rates Once Again
Effective today 6th July 2012, Australian First Mortgage Pty Ltd has announced a further reduction in the SmartSuite Commercial Variable Interest rate by 0.20%. This brings the Variable rate on a commercial with an LVR of < 65 % to 7.89% and a fixed rate for 1 year at 6.64%
Commenting on the rate reduction, Iain Forbes a founding Director of AFM said, we are determined to pass on every rate reduction to our borrowers. This reduction in interest rate will be applicable for new and existing business.
Commercial tenants are urged to consider buying their own property rather than paying rent. There is no guarantee that a tenants lease will be extended on expiry. If you do have to move consider the hassles of moving. The cost to re-locate can be quite expensive when you consider New Signage Telephone IT connections moving costs, printing and stationary, and the list goes on.
AFM is a Specialist lender in Residential / Commercial and SMSF lending.
Loans are available for Full/Lo/Simple documentation Commercial loans, as well as a complete suite of residential loans.
AFM is a National Mortgage Manager with Offices in NSW (Head Office) Melbourne Adelaide, Perth and the Gold Coast.
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