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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
    4 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
  • Repayment Type
    Interest Only
  • 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
    4.75% p.a.
    4.9% 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
    A loan where the borrower elects to make monthly repayments of interest and no principal reductions. You only have to pay the interest charged to your loan. Normally repayments for an interest only will be from 1 – 10 years of the initial loan term with the balance of the loan term then reverting to Principal & Interest repayments. IO can also be the abbreviation term for Interest Only.
    Yes
     
  • 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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Is an investment property worthwhile?

Buying an investment property can be a lucrative venture. Buying the right property at the right time in the right place can be a solid investment, and can really pay off down the track. Property is something you can see and control, unlike shares, and it can certainly be less volatile. An investment property can both earn you a rental income immediately, and increase in value over time. On top of that, you can offset any income you earn elsewhere. However, when it comes to mortgages, it can be important to make sure you have a suitable financial product that fits in with your property investment goals. That is where Mortgage House can help. Our experienced lenders can help find you suitable mortgages, such as our 4 Years Fixed Investment Mortgage, to help you follow your investment dreams. Investment loans can often have different terms than owner occupied mortgages. The loan terms can be a bit shorter, and the interest rates can sometimes be higher. So, when you are considering our range of loan options, it can be worthwhile perhaps combining any investment or commercial mortgages, if you have them, into one cost-effective option.

How is a fixed investment local different?

Choosing between the two main types of mortgages – variable rate and fixed rate – can be a tough decision. Both kinds of loans can have their advantages, and at Mortgage House we have a range of both options for those buying an investment property. A variable rate loan means the interest rates can move up or down over the life of the loan, depending on a number of internal and external factors. Any movement from the Reserve Bank on the official cash rate is perhaps the biggest influencer on variable interest rates. Fixed rate mortgages, such as our 4 Years Fixed Investment Mortgage, have interest rates that are fixed over an agreed period of time. Most banks or lenders can offer fixed terms of between 1 and 10 years. Over that term, your interest rates will not move, no matter what happens with the Reserve Bank or in the wider national or international economy. At the end of that fixed term, you can negotiate another fixed period, or have your loan become a standard variable mortgage.

4 year fixed mortgage rates

What are the benefits of using a fixed term loan to buy my investment property?

Fixed term mortgages such as our 4 Years Fixed Investment Mortgage can have a number of benefits for those purchasing an investment property. Perhaps the largest benefit is stability. Having the knowledge of knowing exactly what your repayments will be each month, combined with the security of your regular rental income, can give you real peace of mind. It can help you budget with confidence and give you the reassurance of knowing that during the agreed term, your repayments will not rise. That kind of predictability can be an important part of any investment strategy.

What are the main features of this fixed rate home loan?

Our 4 Years Fixed Investment Mortgage comes with plenty of features that can offer both flexibility and stability. A key feature is the option to include a 100% offset facility with the loan. An offset option allows you to offset the balance of a non-interest account against your loan, to reduce the amount of interest payable. Over time these savings can really add up. Another key feature is the ability to access, or redraw, any additional principal payments or lump sums you have made. Our 4 Years Fixed Investment Mortgage also comes with the flexibility, therefore, of being able to make extra payments without attracting penalties. Some fixed term mortgages don’t include these kinds of features, but at Mortgage House, our fundamental goal is to provide an accessible service that allows more Australians to secure their property ownership dreams.

Do I need to wait for a loan offer to make an offer on an investment property?

Sellers of an investment property will require you to be at least pre-approved before even considering your offer, but it is important to make sure you have a loan offer from a bank or a lender before putting in an offer on an investment property. And it is important to understand that there is a difference between the two. Pre-approval means that a bank or lender has done a quick check on your ability to service a loan, including our 4 Years Fixed Investment Mortgage. We will initially do a credit check, so it always pays to understand what your credit rating is and if you have defaulted on any loans. You will also need to document the income you expect to get from your investment property, as well as the operating expenses, taxes and the budget you have set aside for maintenance. However, pre-approval is not binding and can’t be used to make an offer on a property. Before you make an offer on a property, you will need to get a full or unconditional approval. This involves completing a home loan application and providing all the necessary supporting documentation. You should consult with your solicitor or conveyancer before submitting an offer on any property, and speak with us about the full details of loan offers.

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