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Free Home Loan Application

for a limited time only

Available Options

• Fixed Interest Rate
• Variable Interest Rate
• Split Home Loan
• Principal and Interest home loan repayments
• Line of Credit home loans

Loan Amounts

• Minimum home loan size $100,000. Maximum home loan size $2,000,000 Maximum Loan to Value Ratio 90% Full Doc home loans (inclusive of Lender's Mortgage Insurance)
• Maximum Loan to Value Ratio 80% Low Doc home loans (exclusive of Lender's Mortgage Insurance)

Interest Rate

Full Doc Loans:

Full Doc - 7.15%. (comparison rate 7.10%)

Low Doc Loans:

Low Doc home loans are available up to 90% Loan to Value Ratio with an interest rate ranging:

From 7.81%(comparison rate 7.76%)

To 8.46% (comparison rate 8.40%)

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

• 3rd Party Direct Debit (money directly out of your home loan)
• Credit Card Sweeps
  This allows you to automatically clear your credit card and pay recurring bills every month from your mortgage account. To maximise the interest saving benefits of having your income paid directly into your home loan, simply pay your bills and carry out your normal banking transactions through the credit card, which is automatically cleared at the end of the month and added to your home loan. (Available for variable loan component only)
• 3rd Party Protocol Friendly
  Allows organisations to automatically debit from your account, ie pay phone bill
• Unlimited Free Internet Redraws (to nominated account)
• Pay-Anyone - EFT (money directly out of your home loan)
• Same day redraw (telegraphic transfer)

Repayments

Free 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 Loans

First 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!

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Customer Benefits