RBA rate increase 0.10% to 0.35% at the RBA level
Most lenders are increasing their variable rates up at least 0.25% in the current climate.
Athena Mortgage Broker Pilot Program
Less then 1% of mortgage brokers Australia wide have access to this lender. As i won one of the yearly awards at my aggregator i am one of the few that gets access to the program for my clients.
Why choose Athena?
You never have to chase a lender for a interest rate cut again. New and existing customers get the same interest rate. And with all the rates increases happening and when they stop if the rates start coming back down again over the next 24-36 months you wont have to chase the lender at all. Because many lenders when decreasing dont pass on the full cut to existing customers and sometimes increase more then the RBA level on the way up. Its called interest rate creep.
Zero fees.
If your lvr goes down you revalue the property and can get your rate down automatically if its goes from 80% lvr to 70% lvr to 60% lvr. No arguing for a better rate. Normally this is done every 12 months or when you ask them.
Offset for free no annual fees.
I pitch this lender as:
""""""""One of the lowest no fee interest rate lenders on the market. Great for sit and forget. Love us and leave us by paying down the mortgage""""""""
Bear in mind they dont do:
- Multiple loan splits
- 80+% lvr loans
- Will not seperate the funds for investment and owner occ on the same property
- Only 1 offset per security
Who is behind Athena?
We’re in good company. Some of our big investment backers include AirTree Ventures, Apex Capital, AustralianSuper, Hostplus, Macquarie Bank, RESIMAC Group, Rice Warner, Square Peg and Sunsuper.
Owner Occupier | Variable
| LVR TIER | RATE P.A. | COMPARISON^ P.A. |
|---|---|---|
| LIBERATE P&I 70 - 80% | 2.24% | 2.18% |
| EVAPORATE P&I 60 - 70% | 2.19% | 2.16% |
| CELEBRATE P&I ≤ 60% | 2.14% | 2.14% |
| Interest Only | 3.09% | 2.52% |
Investor | Variable
| LVR TIER | RATE P.A. | COMPARISON^ P.A. |
|---|---|---|
| LIBERATE P&I 70 - 80% | 2.54% | 2.48% |
| EVAPORATE P&I 60 - 70% | 2.49% | 2.46% |
| CELEBRATE P&I ≤ 60% | 2.44% | 2.44% |
| Interest Only | 2.74% | 2.58% |
Broker Cashback $500 for balances between 400k and 750k net of offset & $1000 cashback for balances over 750k net of offset. Broker rebate paid post settlement normally 2 months post settlement. If all variable we pay in 2 instalments at 2 months and 24 months.
Types of clients suitable on a plus 3.00% rate? or havent reviewed your mortgage in 18-24 months?
We are also looking for long term relationships with clients, if you intend to refinance again, fully offset the balance with cash or sell within 12 months, the banks actually claw us back on our upfront commission completely so we would be unable to help in these circumstances. I will do my best to reply to all comments.
My experience 7 years in commsec and cba on a margin lending desk and as in in house cba branch home lender. 4 years as a mortgage broker running my own company.
You can book an appointment straight into my calendar
Kind Regards
Adrian Player | Director
M: 0416643638
E: [email protected]
W: www.integralloansolutions.com.au
Adrian Player is a credit representative (498364) of BLSSA Pty Ltd ACN 117 651 760 (Australian Credit Licence 391237).
Congratulations, what was the award for?