Athena’s Standard Fixed rates are: – 2.54% for 1 YR OOC P&I Fixed, 2.84% for 1 YR INV P&I Fixed, 3.14% for 1 YR OO IO Fixed and 3.04% for 1 YR INV IO Fixed – 3.14% for 2 YR OOC P&I Fixed, 3.34% for 2 YR INV P&I Fixed, 3.69% for 2 YR OO IO Fixed and 3.39% for 2 YR INV IO Fixed – 3.54% for 3 YR OOC P&I Fixed, 3.44% for 3 …
Also to know is, are interest rates going up in 2021?
It is becoming more likely that rates will increase this year with the Bank of England expects inflation to head above 4% by the end of 2021.
Likewise, people ask, how is Athena funded?
Venture capital firm Square Peg Capital led the funding round, while seven other investors also provided funding, including AirTree, Salesforce Ventures, investment firm Apex Capital, Macquarie Bank, AustralianSuper, Hostplus, and Sunsuper, it added.
How long has Athena Bank been around?
account_balanceLender type: Online non-bank lender
One of the newest entries into the home loan fintech arena, Athena launched in February 2019.
How much Lvr do I have?
The LVR formula is calculated by dividing the loan by the property’s value. In this case that’s $480,000/$600,000, which makes the loan to value ratio 80%. For example, if you’re buying an apartment costing $600,000, and you have a deposit of $120,000, you will need a loan for $480,000.
Is 3.125 a good mortgage interest rate?
And a ‘good’ mortgage rate has been around 3% to 3.25%. … Top–tier borrowers could see mortgage rates in the 2.5–3% range at the same time lower–credit borrowers are seeing rates in the high–3% to 4% range. In addition, looking forward in 2021, interest rates seem likely to increase.
Is 3% a good home loan interest rate?
Anything at or below 3% is an excellent mortgage rate. And the lower, your mortgage rate, the more money you can save over the life of the loan. … You can check out Credible’s mortgage calculator for your potential monthly mortgage payment, including how much interest you’ll pay.
Is Athena a neo bank?
Which digital lenders offer home loans? Here are all the neobank and digital lenders we know have launched or are planning to launch mortgage products in Australia. … Athena’s loans are available to purchasers and refinancers. Athena focuses on home loans only and doesn’t offer other products.
Is Athena backed by government?
Athena Home Loans – Athena is not a bank and never will be. That means we’re not covered by the government’s financial claims scheme, which guarantees traditional offset accounts up to $250,000 if bank lenders fail.
What are interest rates today?
| Product | Interest Rate | APR |
|---|---|---|
| Conforming and Government Loans | ||
| 30-Year Fixed Rate | 3.125% | 3.254% |
| 30-Year Fixed-Rate VA | 2.625% | 2.864% |
| 15-Year Fixed Rate | 2.375% | 2.605% |
What does Lvr mean in home loans?
When did Athena Home Loans launch?
The company, which was founded in 2017 and launched in 2019 by former NAB bankers Nathan Walsh and Michael Starkey, claims to help Australians pay off their home loans faster, by offering low rates with no fees, which are automatically lowered if a person pays off a chunk of their loan faster than expected.
Who is Athena bank owned by?
Nathan Walsh, Athena’s Co-founder and CEO, is a fintech entrepreneur with over 20 years’ expertise in financial services, top-tier consulting and legal practice.
Who is backing Athena?
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.