As Torquay’s mortgage broker servicing the Surf Coast we are proud to represent and offer ‘Athena home loans’ to our clients.
Athena has grown rapidly in recent years and like many lenders they have a number of home loan offerings. For example, a basic ‘straight up’ home loan or a ‘power up’ variable loan which offers multiple offset accounts. Athena also offer fixed rates and loans that you can split part fixed and part variable. They cater for purchases, refinances and investment borrowers.
3 things that Athena does well that clients may wish to consider when considering Athena home loans…
- Your rate drops automatically as you pay down the loan. Many lenders price on Loan to Value Ratio (LVR). This works as lower your loan amount is as a percentage to the value of the home attracts a lower rate. For example, if two people purchased a property for a 1 million. Person A: Borrowed $750,000 (LVR 75%) and Person B borrowed $600,000 (LVR 60%). Person B would get a lower rate than Person A as their LVR is lower. Most lenders that price on LVR – you will either need to reapply or contact the bank to have the rate reduced. Athena reduces your rate automatically.
- Multiple Offset Accounts: Athena’s straight up home loan is part of a growing number of lenders that offer multiple offset accounts. This means you can have a number of transaction accounts for various purposes. For example, savings, school fees, travel, car etc in which they are all offsetting the interest on your home loan.
- Interest Only on Owner Occupied Home Loans: Athena is one of few lenders that offer ‘interest only’ repayments on their ‘owner occupied home loans’. There are many occasions where this may suit a client.
We can compare Athena home loans against many other lenders for you. CONTACT US to discuss further.
