 Bookmark Equity Gold Home Loan
The Equity Gold mortgage is a low interest rate home loan, packed with features and the flexibility of being able to borrow up to 90% of the property price. You receive $1000 Cash Back!It's simple. Once you obtain an Equity Gold home loan you will automatically receive your $1000 cash back after settlement of your mortgage. This is available for Principal and Interest loans with a minimum home loan amount of $150,000. The Equity Gold home loan is part of our Revolving Line of Credit range giving you free unlimited access to your funds. This allows you to use the available funds in your home loan at your will without having to make a mortgage repayment until you have reached your limit again. Use these funds to make renovations, help with the cost of your children's education or go on a well deserved holiday. Simply deposit a combination of income and/or savings into your Equity Gold mortgage account, and each dollar will reduce the interest you pay on your home loan. No ongoing monthly or annual fees for the life of the home loan, leaving you feeling confident that your repayments are going toward your home loan and not paying off unnecessary mortgage and bank fees. The Equity Gold home loan comes with its own BSB and account number allowing you to operate your mortgage like a bank account, including day to day transactions and even direct debit payments. Depending on your credit limit, you can even use it to consolidate other items such as car finance, credit cards or personal debt. This home loan is suitable for:
Available Options
Loan Amounts
Interest Rate
Full Doc Loans:Full Doc - 6.65%. (comparison rate 6.62%) Low Doc Loans:Low Doc home loans are available up to 90% Loan to Value Ratio with an interest rate ranging:
From 7.31%(comparison rate 7.28%)
To 7.96% (comparison rate 7.93%) The comparison rate for each of the home loan products contained in this document is based on a secured loan of $150,000 over a term of 25 years. A Comparison Rate Schedule is available at the premises of Mortgage House of Australia Pty Ltd at Level 1, 9-13 Argyle Street, Parramatta or any of its agents or branches. NOTE: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. How to Access Your Funds
RepaymentsFree Direct Credit - Available to any 3rd party institution Free Direct Salary Crediting - you can have all or part of your pay directly deposited into your home loan account weekly, fortnightly or monthly Unlimited Free Direct Debit - borrowers can have their home loan repayment drawn from a nominated bank account weekly, fortnightly or monthly Australia Post Deposit (money directly credited to your home loan) Bpay In (money directly credited to your home loan) Principal and Interest home loan repayments to 40 years (30 years for Low Doc home loans) Split LoansFirst 4 splits are free of charge Borrower may request additional splits Portability and Flexibility
When you decide to move house you can take your home loan with you. Any home loan may be transferred to another acceptable residential property, saving on discharge, deferred establishment fees, direct debit and direct salary credit disruptions, inconveniences, fixed rate beak costs and mortgage stamp duty. Mortgage documentation, legal fees and valuation charges still apply. Transfers are subject to insurance and lender's approval. Life changes, and now at last, so can your home loan. The Equity Gold Home Loan is part of our Chameleon Product Range, giving you the freedom to switch loans without fuss or unnecessary discharge fees and resulting in a seamless transaction into your new mortgage. Nothing else changes, not even your account number. Application Fee$300.00 Mortgage Minimisation Software
Enjoy your free Mortgage Minimisation Software helping you pay off your home sooner. It's Free for the life of the home loan. As a Mortgage House customer with an Equity Gold Home Loan, you can access our new free software package, which illustrates how to make the most of our fully transactional home loans - with detailed graphs and descriptions, this utility will enable you to project and track your interest savings. Our expert home loan lenders and mortgage consultants, together with the software, will sit with you and demonstrate what the banks don't want you to know about saving money on your mortgage. Interest is calculated daily, so depositing your income straight into your home loan account reduces the amount of interest you have to pay, saving you money and effectively reducing your home loan term. Combine this with a credit card facility, giving you up to 55 days interest free terms, to pay your bills will ensure your money is working for you and not the banks. These simple, yet effective, ways of managing your money will save you thousands in interest and make you mortgage-free sooner. At Mortgage House not only will we show you how to save thousands of dollars in interest, but we will also work with you to keep your home loan on track. Try the home loan Express Simulator! It takes less than 3 minutes to find out if an Equity Gold home loan could generate savings for you!  Capitalise Interest
The benefit of Capitalising Interest means that you aren't required to make a repayment whilst your home loan balance is within the approved limit. Enjoy the flexibility of choosing the repayment date of your home loan, without the hassles of trying to co-ordinate it with your pay cycle whilst your loan balance is within the approved limit. The ability to capitalise interest up to the approved limit also provides those looking to start a family, take a well deserved break or looking for a safety net to cater for life's little emergencies with the freedom to do so without even contacting us!
Customer Benefits
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