Ratings
LVR options
LVR is an acronym for Loan-To-Value Ratio. The LVR is the amount you are borrowing against the property value being used as security, represented as a percentage.
Athena Straight Up offers tier pricing for lower LVR.
Repayment options
Interest only loans have traditionally been tailored to investors so they can reduce their mortgage repayments and maximise their tax benefits and overall return on investment (ROI). However, getting home loan with interest only (IO) has its place and some lenders are willing to consider your application if you can provide valid reasons.
Interest only repayment option is not available with Athena Straight Up for refinance.
Paying pricinpal and interest
Athena
Q&As
Does Athena Straight Up comes with an offset account?
No, Straight Up does not come with an offset account.
While it does not have the convenient that comes with an offset account, but $Straight Up comes with a redraw facility. A redraw facility works similar to an offset account. If you put the same amount into home loan as extra repayments, your interest bill will reduce by the same amount, but still have access those extra funds if you need them later.
What are the costs to apply for Athena Straight Up?
There is no upfront costs to apply for Straight Up
- Application fee: $0
- Valuation fee: $0
- Settlement fee: $0
Are there costs when I exit or refinance to another lender?
There is no discharge fee for Straight Up. Which is a good news as most lenders charge a discharge fee range anywhere from $150 to $400 when you exit or refinance out.
IMPORTANT: Lenders change their policy from time to time so this information is current only accurate at the time that it was written. You should always check with Athena or a mortgage broker just to be sure. This information should be used as a guide only.