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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
    5 Years Fixed
  • Min Loan
    Max Loan
    $100,000.00
    No maximum
  • Application Fee
    $300
  • Settlement Fee
    $445
  • Monthly Fee
    $10
  • Discharge Fee
    $500
  • Internet Access
    Yes
  • LVR
    90%
  • Repayment Type
    Principal & Interest
  • Loan Splitting
    Yes

Repayments Calculator

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

$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.
  • Investor
    3.24% p.a.
    3.34% 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
    $445
     
  • Discharge Fee
    $500
     
^Mortgage House will pay up to $300 per property, any excess valuation fees are payable by the borrower(s)
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What are the features of your 5 year investment property loan?

Finding an investment loan that can suit both your property goals and your financial situation can be a challenge. At Mortgage House, it is our genuine desire to provide a solution that meets the needs of our customers, both owner-occupiers and investors. Our 5 Years Fixed Investment Mortgage is one of our many mortgages that can be tailored to your exact needs. As a starting point, it includes a 100% offset facility. An offset facility means you can link a non-interest-bearing account to our 5 Years Fixed Investment Mortgage, and 100% of its balance can be offset against the loan. That can reduce the total interest payable. Our 5 Years Fixed Investment Mortgage also includes a redraw option, which allows you to withdraw money if you have made any lump sum or additional repayments in excess of the standard repayment amount. You can access or drawdown, those repayments at any time. That means you will also not be penalised for making additional repayments. Some fixed-rate interest loans penalise you for extra repayments, but at Mortgage House we believe in creating a seamless path through the sometimes-complicated home loan process.

What interest rate options do I have?

Interest rates are just as important for investment mortgages as they are for owner-occupier loans. And just like owner-occupier loans, there are two types of interest rates for investment mortgages – variable and fixed. A variable rate investment loan means your interest rate can change over the life of the loan, up or down. Variable rates are set by the banks or the lenders, but can be influenced by the Reserve Bank’s official cash rate, or internal borrowing costs. Fixed rate loans like our 5 Years Fixed Investment Mortgage mean the interest rate will be fixed for an agreed period of time, usually between 1 and 10 years. At Mortgage House we know that investment mortgages need to be flexible, and our 5 Years Fixed Investment Mortgage is certainly that. You can split your investment loan to combine it with a home loan under the one umbrella, which means you can make loan repayments to your home loan, while allowing interest to capitalise on your investment loan. You may also be able to split portions of your investment loan between variable and fixed interest rates.

How can a fixed rate make things simpler?

There are many benefits in choosing a fixed-rate investment loan, the most obvious of which is stability. You will know exactly what your repayments will be over the agreed term, which is a great security blanket to have. Knowing what your repayments will be, and knowing exactly what your rental income will be at the same time, can make budgeting a lot simpler. It can also help avoid any concerns with a variable interest rate that might be on the way up. Your repayments, therefore, are not at the whim of external forces such as the international economy or the Reserve Bank, over the fixed term.

What’s the difference with a fixed investment loan?

Investment mortgages such as our 5 Years Fixed Investment Mortgage usually have different terms than regular home loans. The most obvious one is the interest rate. Comparative home loan interest rates can be lower than that of investment mortgages, and the fixed terms can be shorter. Speaking of comparing, you will notice next to all our advertised interest rates are comparison rates. Banks and lenders have to, by law, display comparison rates to aid transparency. Comparison rates are designed to help homeowners identify, where possible, the true costs of home loans. They take into consideration, as much as they can, a range of variables including the loan amount and term, the frequency of repayments, interest rates, and fees and charges. They are only an indicator, but they can give you a high-level comparison of what the overall loan may cost you.

Why buy an investment property?

Mortgages such as our 5 Years Fixed Investment Mortgage are designed with the customer at heart. Investing in property can be lucrative, and real estate is something you can see and control, unlike the stock market. You can immediately, and regularly, receive income, and watch your investment’s value increase over time. As well as that, you can offset any income you earn elsewhere. There are advantages to both short-term profits and losses with investment properties, and long-term appreciation is always an attraction. Positive gearing can have an immediate beneficial impact on your cash flow, and means there are no out-of-pocket expenses from owning an investment property. Negative gearing can allow you to claim a tax benefit on your tax return, which can be especially beneficial if you are in a high-income bracket. You can also claim things such as property maintenance and land tax.

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