Lender

Non-bank trims variable rate

By Staff Reporter• Tuesday, 10 May 2011•2 min read

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Staff Reporter

Non-bank lender Australian First Mortgage, has cut the interest on its Complete Option range of products.

Effective immediately, the lender will trim 0.04 per cent off its products funded by Advantedge.

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AFM national director Iain Forbes said the cut, brought the company’s Complete Option Full Doc rate to just 7.05 per cent.

In addition to the interest rate cut, the products have no application fee, no valuation fee, no legal fees and no annual fees, Mr Forbes said.

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