Non-major lowers fixed rates from 4.92%

by AB28 May 2013

Australian First Mortgage Pty Ltd (AFM) has announced a reduction on its fixed interest rates for its one and three-year loans by 0.20%, while the two, four and five-year rates have been reduced by 0.15%.

One-year rates start at 4.92%, three-year rates from 5.12%, two-year rates from 4.94%, four-year rates from 5.44% and five-year rates from 5.5%

These rate reductions are effective immediately, for all new business, in respect of mortgages for its Complete Option range of products.

AFM says its rates in variable and fixed rates are ‘extremely competitive’, with the product range of full doc/ lo doc, SMSF loans, and lending on commercial property, making AFM the “one stop shop”, for borrowing on property.