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AFM answers brokers’ call for innovation

by Staff reporter7 minute read
The Adviser

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

The Premium Option is tailored to owner-occupiers, investors and refinancers, and takes AFM’s market offering into exciting new territory, according to AFM managing director David White.

“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 per cent offset facility which comes complete with a Visa debit card at no extra cost.”

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

The new product launch comes after AFM unveiled its new Value Option full-doc product last month.

[Related: Astute unveils first white-label product]