RBA cash rate remains unchanged at 0.25%

Reserve bank of australia sign

The cash rate decision for May has been announced by the RBA with the rate unchanged at 0.25%.

The Bank has previously signaled it considers the current rate to be the floor, with many analysts predicting it will remain at this level for some time as the economy recovers from the impacts of COVID-19.

If the COVID-19 crisis is affecting your financial situation, please get in touch so we can formulate a plan to manage your loan repayments during these unprecedented times.

Since the RBA announced a .25% emergency cut on 19th March reducing rates to their current level, many lenders have adjusted their own rates.

An AFG broker can help review your situation to ensure you have the right loan for your circumstances, by drawing on a wide panel of lenders offering loans with great features, low fees and competitive interest rates.

If you’d like to chat about the best way to manage your mortgage as the COVID-19 crisis continues to unfold, please get in touch with an AFG broker.

AFG welcomes Granite Home Loans to panel

AFG Head office

Australian Finance Group is today announcing the addition of a new lender onto the AFG panel. Granite Home Loans will join the panel with a new Self-Managed Super Fund (SMSF) product, making AFG’s one of the broadest residential lender panels in the Australian mortgage market.

Head of Sales & Distribution, Chris Slater engaged Granite Home Loans after seeking the feedback of AFG’s brokers. “We invited a core group of brokers from across the country to join an information session with Bridget Sakr and Yianni Socratous from Granite to see if there was interest.”

“Our brokers were clear they wanted AFG to continue building the panel and provide more options, so we are very pleased to be adding Granite’s SMSF product to the platform,” said Chris.

“In addition, AFG has a relationship with Bridget that goes back a long way and it’s great to be working with her again.”

“We’re extremely excited to be bringing our first product to the AFG Panel. Being a full service lender, I co-founded Granite to develop innovative products and processes to meet the needs of today’s borrowers and brokers.” Bridget said.

“We pride ourselves on service, offering a commitment to AFG brokers of 48 hour first touch, including a full assessment and issuing a tailored indicative offer. We’re soon launching a new Equity Keeper refi product to our partners, and look forward to re-releasing our No LMI Professional product to AFG when the market returns to some normality. Thanks to the team at AFG for the seamless onboarding, and I’m excited to be working closely with Mark and Chris again, and appreciate their ongoing support.”

“Delivering competition to the lending market is vital and has been central to AFG’s strategy since inception more than 25 years ago,” said Chris. “The addition of Granite to the panel confirms AFG’s commitment to expand the options available to customers of AFG brokers in the SMSF space.”

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