Talk to our Lending Specialist

Request a callback
from a lending specialist

Book a time that's convenient for you and one of our loan specialists will give you a call

  • Request a
    call back
  • Make an
    appointment
    • One of our loan specialists will contact
      you by phone at a time thats convenient for you

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
  • Settlement Fee
    $200
  • 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.
  • Owner Occupied
    4.25% p.a.
    4.33% p.a.
  • Investor LOAN DETAILS
    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
    No application fee
     
  • Valuation Fee
    Up to $300 free^
     
  • Settlement Fee
    $200
     
  • Discharge Fee
    $450
     
^Mortgage House will pay up to $300 per property, any excess valuation fees are payable by the borrower(s)

What are the features of a fixed rate home loan?

When it comes to fixed-term mortgages, as a general rule, the longer the fixed term, the higher the interest rate. This is the way banks and lenders can limit any risk. Longer term fixed loans, like our 3 Years Fixed Mortgage, can also help manage your risk, by giving you security of payments over a long period of time. Our 3 Years Fixed Mortgage can give you a lot of the features of a variable rate loan, such as a redraw facility, offset account accessibility and the ability to make extra repayments without attracting penalties. You can also split the loan into personal and investment sections if you wish, as well as variable and fixed rate.

How do I compare 3 Years Fixed Mortgages?

When you compare our 3 Years Fixed Mortgage offer to similar mortgages the big banks offer, we think you will be satisfied with what you see. Bear in mind the interest rate alone might not be the best way to compare. If that is your top priority, make sure to look at the comparison rate, which will give you an indication of the overall cost of the loan once all the fees and charges are incorporated. Banks and lenders have to feature the comparison loan by law. When comparing fixed rate mortgages, look at whether or not the loan call allow you to make extra repayments, or lump sums, and whether there are any penalties if you do so. Unlike our 3 Years Fixed Mortgage offering, some loans can penalise you. And keep an eye out for the extra features such as offset account availability, or redraw facility. There can also be extra fees at the start and during your loan term. Comparing these can give you a much better picture of all the mortgages on offer.

Advantage - 3 Years Fixed

Are fixed rate loans suitable for me?

There are two main kinds of mortgages – fixed rate and variable rate. A fixed rate loan fixes the interest rate you are charged for an agreed term, usually up to 10 years. Variable rate mortgages mean your interest rate can go up and down over time. Variable rates can be influenced by a range of factors, including the state of the national and world economy, as well we individual banks’ and lenders’ business needs. Most fixed rate mortgages will revert to a standard variable loan after the agreed term, but you can apply for another fixed-rate period if you wish. You can look at how our 3 Years Fixed Mortgage offer stacks up against other fixed term, or even variable rate loans, by comparing up to 5 at a time. Our comparison tool lays everything out on the table for you, including all the features, loan length, rates and much more. It really does allow you to compare apples with apples, making it easier to choose between all the different options.

How do I choose which mortgage rate to take?

Choosing what kind of mortgage rate loan to take out can be a difficult decision for the whole family. Having to try to predict whether or not variable rates will rise or fall over the next 3 years is almost impossible. At the same time, fixed rate mortgages can give you that extra security, especially if you are budget conscious and worried about defaulting on your loan. Knowing exactly what your repayments will be for the next three years is a security blanket a lot of people need. It allows them to budget in advance, and means you won’t be at the whim of local or international economic conditions. However at the same time, you don’t want variable rates continue to drop over your fixed term. Working out which is best really can be a personal choice. At Mortgage House, we can help you every step of the way, by talking you through all the options available and helping you understand, and reach, your property goals.

How do I manage my fixed repayments?

When you decide on fixed rate repayments, it is important to remember that at the end of the fixed term, you may revert back to paying variable rates. This will mean your minimum repayments will rise or fall. If they do fall, and you can afford it, keeping up your fixed rate repayment amount can help you in the long run, and maybe even shave thousands of dollars, and years, off your mortgage. Either way, you can check out our calculator options, which will give you an indication leading up to any changeover what your new repayments may be. But remember, it is a guide only, so make sure you talk to us to confirm any changes, one way or another.

Need More Information?