Mortgage manager pares back fixed rate

  • feed
  • Google+
by |

A mortgage manager will cut its 1-year fixed rate on a range of product from tomorrow.

Australian First Mortgage has announced that it will cut 0.1% off its 1-year fixed rate on its Flexible Option products, bringing the rate down to 5.43%.

The price adjustment applies to both full-doc and low-doc products in the Flexible Option range.

Recently, AFM increased broker upfront commissions on its popular Complete Option range from 0.65% to 0.7%.

AFM's national head of sales Clint Hawthorne said the manager hoped to reward loyalty through the changes.

Australian Broker forum is the place for positive industry interaction and welcomes your professional and informed opinion.

Name (required)
Comment (required)
By submitting, I agree to the Terms & Conditions