As bursting to Australia’s home loan , Athena possess seduced borrowers having its attractively-lower home loan interest levels, no-rubbish chatting and you will a proven reputation of fast passageway to your main lender speed incisions in full to the consumers.
The latest founders, Nathan Walsh (CEO) and you may Michael Starkey (COO), see a fair part about any of it place, that have each other in past times worked for among the large five finance companies – National Australian continent Lender (NAB).
Talking to from inside the 2019, Ceo Nathan Walsh said Athena aims to shake up the top four’s oligopoly into the mortgage brokers.
“In my opinion this particular is actually an extra where everyone is most crying aside to possess a choice in the situated heritage users,” Mr Walsh said.
“We’re focused on enabling Aussies pay off their home financing less and you may rescuing themselves a container weight along the way.”
What lenders really does Athena promote?
They started off just offering variable-rate lenders to help you existing borrowers trying to refinance, but the low-lender lender’s products are currently available to have homebuyers also. Athena in addition to also offers fixed-speed lenders with terms and conditions anywhere between one to 36 months.
Although not, being qualified getting an enthusiastic Athena mortgage needs consumers getting at the the very least a 20% put or guarantee, since it simply even offers lenders in the loan-to-value ratios (LVRs) out-of 80% or quicker.
Redraw business
Probably one of the most options that come with Athena’s mortgage brokers are its redraw business, which provides home owners the ability to place too much profit and have now it counterbalance from the loan’s balance.
“It is really not planned as a deposit membership. (more…)
