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Non-bank goes toe-to-toe with majors

by Staff Reporter7 minute read
The Adviser

Staff Reporter

Australian First Mortgage (AFM) has proven it can match it with the big boys, passing on the Reserve Bank’s full rate cut.

Yesterday, the lender announced it would cut the interest on its standard variable rate by 25 basis points.

Speaking about the lender’s decision to pass on the full rate cut, AFM founding director Iain Forbes said the non-bank was committed to providing sharp rates to borrowers.

“As a mortgage manager, AFM needs to be competitive, and continue to offer quality products, excellence in service, and a flexible approach to doing business in this country,” he said.

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