Non-bank lender unveils new product

by Julia Corderoy05 May 2015
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. 

The Premium Option product, tailored to owner occupiers, investors and refinancers, offers a raft of useful features, according to the non-bank.

Managing director David White says 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 said.

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

Further, White announced that the new product also has a 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 is available from 4 May 2015.
 

COMMENTS

  • by Del Wratten 5/05/2015 8:46:15 AM

    "tailored to owner occupiers, investors and refinancers" - so pretty much everyone then? I thought the word "tailored" was to signify something that was specific to one. Sorry, just me being picky today. :)