Who funds AFG home loans?
Advantedge residential
AFG Home Loans EdgeTM is funded by the Advantedge residential loan program. Advantedge is a member of the National Australia Bank Group (NAB).
Who owns AFG Alpha?
Bendigo and Adelaide Bank Limited
AFG Home Loans Alpha™ products are provided by Bendigo and Adelaide Bank Limited ACN 068 049 178 (BABL) Australian Financial Services Licence 237898 and Australian Credit Licence 237879 and promoted by AFG Home Loans.
What bank is AFG?
Australian Finance Group
Who are we? You may not have heard of us as we don’t have branches on every corner or expensive ad campaigns. We work exclusively through our extensive 2800 strong broker network as part of AFG (Australian Finance Group).
What is a retro loan?
When you apply for a Retro Home loan you are able to request an interest only period of one to five years. After this time, repayments revert back to principal and interest.
Who is advantedge?
Advantedge is Australia’s leading wholesale funder and distributor of white label home loans through an extensive network of mortgage brokers in Australia under the brands of mortgage aggregators. Our purpose is to provide simple, low-cost home loans with great service, exclusively available through mortgage brokers.
What is a fully transactional home loan?
What is a 100% offset re-draw account? Your 100% Offset Redraw Account account is a fully transactional account. Your entire income (salaries, rents, and other monies) are paid into your 100% Offset Redraw Account instead of making extra payments into your home loan. You retain immediate access to your funds.
What is credit card vintage?
The term ‘Vintage’ refers to the month or quarter in which account was opened (loan was granted). In simple words, the vintage analysis measures the performance of a portfolio in different periods of time after the loan (or credit card) was granted.
What is retroactive interest?
A retroactive interest rate increase is a common practice used in the credit card industry. A retroactive interest rate increase effectively backdates a higher interest rate, increasing the amount of interest owed and therefore the amount the purchaser will end up spending on the item.
Who owns connective home loans?
Connective Home Loans is a non-bank lender that was established in 2003 and is owned by Connective, one of the largest wholesale aggregators in Australia. Connective Home Loans has partnered with over 3,000 mortgage brokers across Australia, who have access to their home loan products.
Is it better to put money in offset or redraw?
An offset account can reduce the interest on your loan while maintaining instant access to your funds. On the other hand, a redraw facility allows you to make extra repayments, helping you shave years off your loan term. The offset account is like any other everyday account, so it’s the most accessible.
Who are the lenders of AFG home loans?
The AFG Home Loans Edge™ products are provided by the Advantedge Residential Loan program. AFSH Nominees Pty Ltd (AFSH) ACN 143 937 437 Australian Credit Licence 391192 is the program lender and Advantedge Financial Services Pty Ltd (Advantedge) ACN 130 012 930 Australian Credit Licence 391202 is the program loan servicer.
Who is funding AFG home loans edge TM?
You also get expert guidance and support from your mortgage broker and peace of mind in knowing that the loan is from one of Australia’s leading lenders. AFG Home Loans Edge TM is funded by the Advantedge residential loan program. Advantedge is a member of the National Australia Bank Group (NAB).
Which is the best mortgage broking group in Australia?
We work exclusively through our extensive 2800 strong broker network as part of AFG (Australian Finance Group). AFG has been helping Australians find the right home loans for almost 25 years and has grown to become one of Australia’s largest mortgage broking groups. We’re here for you.
How is AFG going to fund the acquisition?
AFG will primarily fund the cash component through a new corporate debt facility. The transaction is expected to be earnings per share accretive in the first full financial year after the integration. AFG is expected to maintain a dividend payout ratio of between 60 and 80 per cent.
