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Key Features

You can SAVE hundreds
with this loan

*T&Cs Apply
  • Redraw Facility
    Yes
  • Additional Repayments
    Yes
  • Loan Type
    Variable
  • Min Loan
    Max Loan
    $20,000.00
    No maximum
  • Application Fee
    $600
  • Settlement Fee
    $250
  • Discharge Fee
    $450
  • On-Going Fees
    Yes
  • 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
    5.97% p.a.
    6.21% p.a.
  • Maximum LVR
    90%
     
  • Minimum Loan Size
    $20,000.00
     
  • 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.
    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
    The ability for no repayment to be made if you have enough redraw for the interest to be deducted from.
    Yes
     
  • Line of Credit
    Is a loan that you do not have to fully draw down upon settlement of the loan. A limit is specified that you are able to redraw up to. This is an Interest Only loan, so you only pay interest on what money you have drawn from the loan. LOC can also be the abbreviation term for Line of Credit.
    Yes
     
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
     
     
  • Vacant Land
     
     
  • 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
     
     
  • 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 fee to pay each & every month.
    Yes
     
  • No Package Fee (excluding Stretch Feature)
     
     
  • 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
     
     
  • Relocation Feature
     
     
  • 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
    Money OUT - A cheque book is included on this loan.
    Yes
     
  • 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
    No monthly fee
     
  • Package Fee
    $180
     
  • Rate Lock Fee
    No rate lock fee
     
  • Application Fee
    $600
     
  • 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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What home loans are available that can suit my investment goals?

There are lots of different types of mortgages, for a range of investment and owner occupier needs. As one of Australia’s most awarded non-bank lenders, we pride ourselves on being different, and offering a large range of mortgage finance options whatever your situation. Our aim is to find you suitable options whatever your property goals, and our range of both fixed and variable rate loans can help take you a few steps closer. Fixed rate mortgages mean your interest rate will be fixed over an agreed period of time, whereas with a variable-rate loan, your interest rates can increase or decrease over the life of the loan. Our Equity Gold mortgages are variable rate loans, and are designed to help you use equity in your home to invest in property, with one eye on your future financial security.

What are the features of these kinds of home loan mortgages?

Our Equity Gold mortgages have a lot of similar features to our other variable loans, and a few differences that can add to their flexibility. Top of the list of features with Equity Gold is its redraw facility. If you have paid in any extra lump sum amounts, or made any additional repayments in excess of the regular repayment amounts, you can access or drawback those extra repayments if you need them. That also means you will not be penalised for making extra repayments, which is always a bonus. One of the other important features about Equity Gold is that you can borrow as little as $20,000. A lot of other mortgages have minimum loan sizes that are much bigger. This can add to the flexibility of the loan, which can be important when using equity to help with investments. Importantly, our Equity Gold investment mortgage can’t be used to buy a vacant block of land, or to construct a home, but it can be used for a raft of other property purchases.

Advantage Equity Gold

Can a mortgage calculator give me the information I need?

At Mortgage House we believe in giving you access to tools and resources that can help you find suitable mortgages. Using our range of mortgage calculators can give you information that is important to your investment property goals. Our borrowing calculator can give you an indication of how much you may be able to borrow, and our mortgage repayment calculator can show you what your repayments can be with specific mortgages, including Equity Gold. Our best rate calculator can help you choose between our mortgages, by comparing loans based on a range of important factors. We even have calculators that can show you how much you may save if you want to switch mortgages, and how much stamp duty can be when you purchase a property. Our budget calculator can also be a big benefit if you are looking to buy a home or an investment property, with our Equity Gold loan or any of our other mortgages. It can help identify your expenses, and work out what you may have left at the end of the month for mortgage repayments, giving you a clearer picture of your financial position.

How do I find the best mortgage for me?

Everyone is different, and so is their financial position. With so many mortgages, knowing exactly what the best mortgage is for you can be difficult, in fact, it could be almost impossible. At Mortgage House we can help you find suitable mortgage options that can give you choice. If you are interested in finding out how our Equity Gold loan, or any of other mortgages, can be a good fit for you and your property investment goals, then give us a call. Our expert lenders can help you out with any question you have, and they won’t overwhelm you with expert jargon or pushy sales techniques. We believe in actively listening to your needs, not what we think your needs may be. We can identify suitable loan and mortgage finance products and options for you and your position, and can use our specialist technology to ensure a simple and seamless process for you throughout the life of your loan. Doing some homework before giving us a call can be a good idea. Click on our Resources section to find checklists, information booklets, FAQs and a range of other customer service tips.

Should I be concerned about mortgage debt?

Investment properties, like all real estate, and be lucrative in the long term. Mortgage debt now can have benefits down the track. Our Equity Gold mortgage can help you achieve your investment property goals. Unlike the stock market, real estate is an investment you can see and control. Not only can an investment property create income for you straight away, but over the longer term it can grow in value. And any short-term losses can be beneficial when it comes to your tax returns, especially if you are on a higher income.

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