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Key Features

You can SAVE hundreds
with this loan

*T&Cs Apply
  • Offset Account
    Yes
  • Redraw Facility
    Yes
  • Additional Repayments
    Yes
  • Loan Type
    3 Years Fixed
  • Min Loan
    Max Loan
    $100,000.00
    No maximum
  • Application Fee
    $300
  • Settlement Fee
    $250
  • Monthly Fee
    $10
  • Discharge Fee
    $450
  • Internet Access
    Yes
  • LVR
    90%
  • Repayment Type
    Principal & Interest
  • Loan Splitting
    Yes

Repayments Calculator

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

Principal
& Interest

Interest Only

Your Repayments

  • Weekly
  • Fortnightly
  • Monthly

$1,798.65 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. 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.
  • Investor
    4.63% p.a.
    4.87% p.a.
  • Maximum LVR
    90%
     
  • Minimum Loan Size
    $100,000.00
     
  • Maximum Loan Size
    No maximum
     
  • Fixed Rates
    Yes
     
  • 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.
    Yes
     
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.
    Yes
     
  • Interest Only
     
     
  • Additional Repayments
    Money IN - Allows you to make additional repayments without penalty.
    Yes
     
  • 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.
    Yes
     
  • Salary Credit
    Money IN - A manual payment to a loan account either via internet transfer or employee payroll transfer
    Yes
     
  • Direct Credits
    Money IN - The ability for an external party to pay directly into a borrower's loan account
    Yes
     
  • 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)
    Yes
     
  • Bpay In
    Money IN - The ability to pay your loan via a unique biller code from another financial institution
    Yes
     
  • Capitalising of Interest
     
     
  • Line of Credit
     
     
Loan Purpose
  • Purchase
    Where you are buying a property
    Yes
     
  • Refinance
    Where you are looking to move your current loan from one lender to another
    Yes
     
  • Debt Consolidation
    Where you are looking to move multiple loans into one loan
    Yes
     
  • Construction
    Where you are building a new property
    Yes
     
  • Vacant Land
    Where you are purchasing land with no immediate intent to build the new property straight away
    Yes
     
  • Equity Release
    Where you are looking to release cash from equity you have built up in your property
    Yes
     
  • Business Purpose
    Where you are looking to use funds for a business use
    Yes
     
Features
  • 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.
    Yes
     
  • 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.
    Yes
     
  • No Monthly Fees
     
     
  • No Package Fee (excluding Stretch Feature)
    No fee to pay each & every year.
    Yes
     
  • No Rate Lock Fee
     
     
  • Stretch Package Feature
    The ability to include a credit card facility at home loan rates into your home loan facility
    Yes
     
  • Low Deposit Option
     
     
  • Toggle Feature
    An innovative new loan feature that allows you to maximise your interest savings through and intelligent offset Toggle system
    Yes
     
  • Relocation Feature
    The ability to purchase you next home prior to you selling your current property
    Yes
     
  • 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.
    Yes
     
  • Internet Access
    The access via the internet to view & administer your home loan.
    Yes
     
  • Phone Access
    The access via the phone to administer your home loan.
    Yes
     
  • 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.
    Yes
     
  • 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.
    Yes
     
  • Repayment Required
    Each repayment cycle (normally monthly) a repayment must be made, regardless if you have redraw available in the loan account.
    Yes
     
  • Cheque Book
     
     
  • LMI Premium Capitalisation
    The ability to capitalise the Lenders Mortgage Insurance premium on top of your required loan amount
    Yes
     
  • 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
    Yes
     
  • Loan Switching
    You can switch you loans variable interest rate to a fixed interest rate (subject to the terms and conditions of your loan)
    Yes
     
  • 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.
    Yes
     
  • NRAS Option
     
     
  • Bpay Out
    Money OUT - The ability to pay your loan via a unique biller code to another financial institution
    Yes
     
  • 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.
    Yes
     
Fees
  • Monthly Fee
    $10
     
  • Package Fee
    No package fee
     
  • Rate Lock Fee
    No rate lock fee
     
  • Application Fee
    $300
     
  • Valuation Fee
    Up to $300 free^
     
  • Settlement Fee
    $250
     
  • Discharge Fee
    $450
     
^Mortgage House will pay up to $300 per property, any excess valuation fees are payable by the borrower(s)
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Where do I start with investment property mortgages?

With a booming property market in most large Australian cities, and the population continuing to grow, buying an investment property can be a lucrative venture. However, it is important to have a solid strategy behind any property investment decisions. The right property in the right place can help you generate income going forward. And wise investments now can provide significant profits when their value increases down the track. Any strategy to invest in property needs to be backed by a financial product that aligns with your investment goals. Whether you are looking to buy your first investment property, or adding to your portfolio, at Mortgage House our range of fixed and variable term loans, including our 3 Years Fixed Investment Mortgage, may suit your investment property aims. Fixed term investment mortgages can also help you eliminate the risk of defaulting as a result of variable interest rate increases. Our investment page is a great place to start when looking for investment mortgages.

How do I become pre-approved for fixed investment mortgages?

Pre-approval can be an important step in buying an investment property. Sellers will want to be assured that a bank or lender has given you a loan offer, or you have been pre-approved, before even considering your offer. At Mortgage House, we can help you get to that stage so you are well prepared before negotiations begin. We will start by doing a credit check, so it can be important to be aware of any credit applications you have made, if any have been denied, how much credit you owe now against what your credit limit is, and whether or not you have defaulted on any loans. We will also need you to document the income you expect to receive from your investment property, as well as things like operating expenses, and how much you have set aside in your budget for taxes and maintenance. While pre-approval can be an important step, it is not binding and can’t be used to make an offer on a property. It is important to continue down the process to get full or unconditional approval before proceeding with any property purchase.

3 year fixed mortgage rates

What are the other features of this fixed rate loan?

Our 3 Years Fixed Investment Mortgage is a principal-and-interest loan, not an interest-only mortgage. This means that both the principal and the interest will be repaid over the term of the loan. You can also make extra repayments to our 3 Years Fixed Investment Mortgage without being penalised. Another feature of this loan is that it has a 100% offset facility. This means you can link a non-interest earning account to the loan, and its entire balance is offset against the loan itself. This can reduce the total interest that is payable over the life of the loan, and can save you money going forward. Our 3 Years Fixed Investment Mortgage also features a redraw facility which allows you to access any additional repayments or lump sums you have made off your loan. This kind of flexibility can be important for investment properties, and can help you deal with any unforeseen and expensive maintenance costs. Importantly, you will not be penalised for making additional repayments.

Can fixed term interest rates help my budgeting?

If you prefer stability and predictability when it comes to repayments, then fixed rate mortgages may be the right choice. And that can be extra important for those looking for investment mortgages and wanting that little extra bit of budget security. While a steady rental income is attractive to those investing in property, having a predictable and steady interest rate instead of a variable interest rate that can change up or down, can help make a big difference. Budgeting can be easier and the risk of defaulting on your loan as a result of variable interest rate increases can be eliminated.

How are comparison rates important?

Finding suitable mortgages can be challenging, and trying to compare loans can be tough. Different mortgages may have different fees or different fee structures that don’t show up in the advertised interest rate. They may also have penalties for extra repayments or early settlements. All of these different variables can make choosing hard. That is where comparison rates can come in. Banks and lenders are required by law to display comparison rates next to any advertised rate, as a way of demonstrating the comparative cost to you over the life of the loan. Comparison rates are made up of a range of variables, including loan amounts and terms, payment frequency, fees, charges and interest rates. Their aim is to help to simplify comparisons between packages. While they can’t take every possible situation into account, they can be a good high-level indicator and help you in your decision making. At Mortgage House, we are no strangers to finding suitable mortgages for property investors. To find out more about comparison rates, or anything about our 3 Years Fixed Investment Mortgage, click here.

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