Non-bank lender unveils new product

Non-bank lender launches new home loan product in response to broker feedback

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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.
 

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