New app gives Keystart customers greater control

• New Keystart app launched to give customers visibility over estimated equity in their home
• App gives customers information and educational tools to understand their financial position making them the hero of their own home loan journey
• More than 121,000 Western Australians have already benefited from Keystart's low deposits and no lender's mortgage insurance

Keystart has launched a new app for its customers today, giving homeowners simple tools to better understand their financial position to empower them to get ahead on their home loan.

The new app was developed and designed to educate customers, with a unique equity estimator giving customers visibility over the approximate percentage of equity they have in their property.

The app enables Keystart's more than 19,000 customers to have greater visibility over their financial position and help them progress towards a 20 per cent equity goal, opening options for them to refinance to other lenders when they are ready.

Keystart is unique in the home loan market as a transitional lender, helping more Western Australians purchase their own home, then actively encouraging customers to refinance with a traditional lender once they have built sufficient equity in their homes.

This is part of Keystart's mission to make the dream of affordable home ownership a reality for more Western Australians by offering deposits as low as two per cent and no lenders mortgage insurance, saving homeowners tens of thousands of dollars and helping them get into their own home sooner.

Comments attributed to Housing Minister John Carey:

"Keystart has helped more than 121,000 Western Australians achieve their home ownership goals since 1989 and the app is the latest initiative designed to support its customers throughout their home ownership journey.

"The new app gives Keystart customers greater visibility of their home loan and equity, helping them to understand when they might be ready to transition to another lender.

"Keystart has always been a transitional lender - allowing more people to enter the housing market, with just a two per cent deposit required, with no lenders mortgage insurance and this new app will support Keystart's customers in their journey to transition to another lender."