Another New Product Offering From AFM

Another New Product Offering From AFM

The Premium Option is tailored to a wide range of home buyers

Non-bank lender Australian First Mortgage has launched a new full-doc product in response to calls from its broker network to provide more innovative product options.

Boasting a raft of useful features, the Premium Option is tailored to owner occupiers, investors and refinancers.

Managing Director David White said the move takes AFM’s market offering into exciting new territory.

The new product comes with low rates; both fixed and variable, and it caters for a multitude of different securities, including multi-dwellings on one title, warehouse conversions and family pledges,” he added.

It also has a fully functional 100% offset facility which comes complete with a VISA debit card at no extra cost,” Mr White said.

He also said the new product has an excellent construction loan facility.

The Premium Option comes with a tiered LVR range, starting from a very high 95% inclusive of LMI for a maximum loan size of $750,000, with interest rates priced according to the LVR taken.

The new product range will be available from May 4, 2015.