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Staff Reporter
For the third time in as many weeks, Australian First Mortgage has slashed its interest rates.
The lender cut the interest on its Alternate Funding Programme by 1.56 per cent.
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The AFM variable Interest rate on an LVR up to 65 per cent was 9.75 per cent. However, this rate will now fall to 8.19 per cent – 156 basis points lower.
In a market that may be described as competitive and tough, AFM director Iain Forbes said the lender is extremely busy at present.
“All of our credit staff are working to capacity, to maintain the AFM motto of ‘Higher Standards – Higher Service’,” he said.
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