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Key Features

You can SAVE hundreds
with this loan

*T&Cs Apply
  • Offset Account
  • Redraw Facility
  • Additional Repayments
  • Loan Type
    2 Years Fixed
  • Min Loan
    Max Loan
    No maximum
  • Settlement Fee
  • Monthly Fee
  • Discharge Fee
  • Internet Access
  • LVR
  • Repayment Type
    Principal & Interest
  • Loan Splitting

Repayments Calculator

The interest rate for the loan.
% p.a.
What is the length of time to repay the loan?
How much do you want to borrow?
What is the type of the loan?

& Interest

Interest Only

Your Repayments

  • Weekly
  • Fortnightly
  • Monthly

$0 per month

Important Disclaimer: This is intended as a guide only. Details of terms and conditions, interest rates, fees and charges are available upon application. Mortgage House’s prevailing credit criteria apply. Please note that your actual fortnightly repayment would be equal to the monthly repayment amount divided by two. Weekly repayments would equal the monthly repayment amount divided by four. If you choose to pay fortnightly or weekly, your actual repayments will be higher than repayments shown on this page. You can reduce the term of your loan if you choose to make repayments fortnightly or weekly. We recommend you seek independent legal and financial advice before proceeding with any loan.

Loan Details

    Interest Rate
    Comparison Rate
    The Comparison Rate is based on a loan of $150,000.00 over 25 years. Fees and charges may be payable. WARNING: The 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.
  • Owner Occupied
    6.59% p.a.
    6.87% p.a.
  • Investor LOAN DETAILS
    6.79% p.a.
    7.15% p.a.
  • Maximum LVR
  • Minimum Loan Size
  • Maximum Loan Size
    No maximum
  • Fixed Rates
  • Loan Splitting
    The ability to have many separate accounts under one loan for which there may be multiple purposes, e.g personal and investment splits, fixed and variable splits, etc.
Repayment Options
  • Principal & Interest
    A loan in which both the principal and the interest are repaid over the term of the loan. Amortisation or amortising is another word for these loans that are gradually being paid off over a set period of time (the loan term). P&I can also be the abbreviation term for Principal & Interest.
  • Interest Only
  • Additional Repayments
    Money IN - Allows you to make additional repayments without penalty.
  • Direct Debits
    Money IN - A direct debit is an automatic payment that is set up to repay your home loan. You specify the frequency and repayment amount as well as the bank or transaction account that the repayment is to be drawn from and this payment will occur automatically on the set due date.
  • Salary Credit
    Money IN - A manual payment to a loan account either via internet transfer or employee payroll transfer
  • Direct Credits
    Money IN - The ability for an external party to pay directly into a borrower's loan account
  • Deposit Card
    Money IN - A card used at the post office to deposit your repayments (they can be your normal repayments that are due or additional repayments)
  • Bpay In
    Money IN - The ability to pay your loan via a unique biller code from another financial institution
  • Capitalising of Interest
  • Line of Credit
Loan Purpose
  • Purchase
    Where you are buying a property
  • Refinance
    Where you are looking to move your current loan from one lender to another
  • Debt Consolidation
    Where you are looking to move multiple loans into one loan
  • Construction
    Where you are building a new property
  • Vacant Land
  • Equity Release
    Where you are looking to release cash from equity you have built up in your property
  • Business Purpose
  • 100% Offset Facility
    A non-interest earning account where 100% of the balance is offset against the home loan to reduce the total interest payable.
  • Redraw Facility
    Money OUT - If you have made any lump sum or additional principal repayments to your loan account in excess of the standard repayment amount, you can access or draw back those extra repayments.
  • No Monthly Fees
  • No Package Fee (excluding Stretch Feature)
    No fee to pay each & every year.
  • No Rate Lock Fee
  • Stretch Package Feature
    The ability to include a credit card facility at home loan rates into your home loan facility
  • Low Deposit Option
  • Toggle Feature
    An innovative new loan feature that allows you to maximise your interest savings through and intelligent offset Toggle system
  • Relocation Feature
    The ability to purchase you next home prior to you selling your current property
  • Repayment Sweep of Credit Card
    Money OUT - Allows your loan to automatically clear your credit card linked to this loan back to zero each month.
  • Internet Access
    The access via the internet to view & administer your home loan.
  • Phone Access
    The access via the phone to administer your home loan.
  • ATM / EFTPOS Debit Card
    Money OUT - An ATM card is included on this loan in order for you to withdraw cash or make purchases for living purposes.
  • 3rd Party Direct Debits
    Money OUT - You can pass your loan account number & BSB to another financial institution in order to take money periodically from your home loan account.
  • Repayment Required
    Each repayment cycle (normally monthly) a repayment must be made, regardless if you have redraw available in the loan account.
  • Cheque Book
  • LMI Premium Capitalisation
    The ability to capitalise the Lenders Mortgage Insurance premium on top of your required loan amount
  • 3rd Party Protocol Friendly
    Money IN and Money OUT - A payment made to a loan account or an amount taken from a loan account either via internet transfer, employee payroll transfer or by an external party
  • Loan Switching
    You can switch you loans variable interest rate to a fixed interest rate (subject to the terms and conditions of your loan)
  • Up to 40 Year Loan Term
  • Up to 30 Year Loan Term
  • Up to 25 Year Loan Term
  • SMSF Loans
  • Deposit Bond
    A deposit bond acts as a substitute for the cash deposit in between signing a contract and settlement and can be issued for all or part of the deposit amount required, up to 10% of the purchase price. At settlement, the purchaser is required to pay the full purchase price including the deposit.
  • NRAS Option
  • Bpay Out
    Money OUT - The ability to pay your loan via a unique biller code to another financial institution
  • No LMI Premium Payable By Borrower
  • Mortgage Insurance not Required
  • Loan Portability
    A feature that enables a home loan to be transferred from one property to another, without refinancing. It can be of benefit by savings on loan set-up fees and government loan security duty.
  • Monthly Fee
  • Package Fee
    No package fee
  • Rate Lock Fee
    No rate lock fee
  • Application Fee
    No application fee
  • Valuation Fee
    Up to $300 free^
  • Settlement Fee
  • Discharge Fee
^Mortgage House will pay up to $300 per property, any excess valuation fees are payable by the borrower(s)
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How do fixed rate mortgages work?

Fixed-rate mortgages are mortgages where the interest rate is fixed for a period of time, in this case 2 years. Fixed-rate mortgages will usually be offered for up to 10 years, with the advertised rate itself often varying as the offered time increases. Fixed rate mortgages, such as this 2 Years Fixed Mortgage, differ from variable rate mortgages, which have interest rates that can move up or down over the life of the loan. When official interest rates drop, variable-rate loans can be popular, but with mortgages of up to 30 years, they can bring with them an element of risk. Variable rates can sometimes be lower than fixed rates, but when interests rates are on the rise, fixed rates will stay fixed over the agreed term. Most fixed loans, including our 2 Years Fixed Mortgage option, will revert to a standard variable rate after the fixed term expires. However, when that happens, give us a call and we may be able to refix it for you, for another period of time. Our experienced lenders are focussed on providing loan, product and service outcomes that are tailored to the needs of every client. We have the knowledge, experience and competitive advantage to develop, tailor and diversify our loan and mortgage products to better service our customers.

How do fixed mortgages stack up against variable loans?

Fixed rates can give you the security of knowing exactly what you will be paying over the life of the fixed term. This can help with budgeting, and can be the peace of mind someone who is fearful of defaulting is looking for. Some fixed loans will charge you fees for any extra repayments, and for services such as offset accounts or redraw facilities that often come with variable loans. However, our 2 Years Fixed Mortgage offer will allow you to make extra payments without a penalty. It also features the convenience of an offset account, which is a parallel account that allows you to use the balance to offset the loan amount, to save on interest. Our 2 Years Fixed Mortgage also features the option of redrawing against the loan, providing you have paid in an extra lump sum or made extra repayments.

Advantage - 2 Years Fixed

Does this fixed rate home loan have other features?

Our 2 Years Fixed Mortgage is a fixed rate home loan that delivers a lot of features. Not only does it have offset, redraw and extra repayment options, but you can also split it. What that means, is that you can have separate accounts under the one loan, for multiple purposes. For example, you can have part of it for a personal loan and part for investment, or even part fixed and part variable. You can use it to purchase a home, refinance your existing mortgage, or release any equity you have built up in your own home. You can even include a credit card facility at home loan rates into our 2 Years Fixed Mortgage. It also includes a feature where you can use your mortgage to repay a credit card linked to this account each month.

What happens when the fixed mortgage rate term ends?

With our 2 Years Fixed Mortgage, when the two years is up and it reverts to a standard variable loan, the variable rate will probably be different, either higher or lower than the current fixed rate. That means your repayments may be higher or lower. Make sure you budget for this change. If the variable rate is lower, that will not be a problem. If it is higher, then it is worth looking at our range of calculators to see what repayments can be under current variable interest rates. Remember, these calculators are a guide only.

What will my loan repayments include?

Our 2 Years Fixed Mortgage is a principal and interest loan, meaning you pay back both the principal amount and the interest over the life of the loan. Some loans are set up to be interest-only for a stipulated period (generally a maximum of 5 years), with the principal and interest paid over the remaining loan period. These kinds of loans are popular with investors who are relying on a profit from their investment to help them pay their loan back. Bridging mortgages, which people use between buying new home and selling their existing one, can also be interest-only loans for the period of the bridging arrangement (generally a maximum of 6 months). You can look at our repayment calculator to work out any comparison loans, and their repayments, to give you a clearer picture of any other repayment options. And remember, under our 2 Years Fixed Mortgage offer, you can make additional repayments without being penalised.

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