 Bookmark Equity Platinum Home Loan
The Equity Platinum mortgage is our premium home loan featuring a competitive interest rate with the flexibility of being able to borrow up to 90% of the property price. This home loan product is available as a personal, investment, construction or owner occupied loan whilst also being suited to refinancing your current mortgage facility, including investment property loans. You receive $1500 Cash Back!It's simple. Once you obtain an Equity Platinum home loan you will automatically receive your $1500 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 Platinum home loan is part of our Revolving Line of Credit range giving you free unlimited internet banking access to your funds. This allows you to use the available funds in your home loan at your will without having to make a 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 Platinum 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 Platinum mortgage comes with its own BSB and account number allowing you to operate your home loan 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 loans, credit cards debts or personal loans. This home loan is suitable for:
Available Options
Loan Amounts
Interest RateFull Doc Loans:Full Doc -
7.35% Low Doc Loans:Low Doc home loans are available for 80% Loan to Value Ratio with an interest rate ranging: From 8.01% (comparison rate 7.92% principal and interest / 7.92% interest only) To 8.66% (comparison rate 8.56% principal and interest / 8.56% interest only) 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
Repayments
Free Direct Credit - Available to any 3rd party institution Free Direct Salary Crediting 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 30 years Split LoansSuited to borrowers, especially first home buyers with no deposit, who have an immediate family member that is willing and able to offer security support. Allows borrowers to own their own home sooner by allowing them to borrow the full purchase price plus up to an additional 10% to cover costs.
Split LoansUp to 20 splits are free of charge Borrower may request additional splits. Portability and FlexibilityWhen 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 break 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 Platinum 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 FeeFree for a limited time only. 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 Platinum 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 Platinum 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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