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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
    Variable
  • Min Loan
    Max Loan
    $150,000.00
    No maximum
  • Settlement Fee
    $250
  • Monthly Fee
    $10
  • Discharge Fee
    $500
  • Internet Access
    Yes
  • LVR
    80%
  • 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

$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.
  • Owner Occupied
    3.59% p.a.
    3.74% p.a.
  • Maximum LVR
    80%
     
  • Minimum Loan Size
    $150,000.00
     
  • 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
     
     
  • 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
     
     
  • Business Purpose
     
     
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 Rate Lock Fee
     
     
  • Stretch Package Feature
     
     
  • Low Deposit Option
     
     
  • Toggle Feature
     
     
  • Relocation Feature
     
     
  • Repayment Sweep of Credit Card
     
     
  • 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
     
     
  • 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
     
     
  • 3rd Party Protocol Friendly
     
     
  • Loan Switching
     
     
  • 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
     
     
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
    $250
     
  • 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 variable loans like this one?

Variable rate home loans are mortgages where the interest rate can increase or decrease over the life of the loan, influenced by a range of external or internal factors. The Reserve Bank’s setting of the official cash rate is one factor, as is the cost to the bank or lender of providing you with the loan. Variable rates, as a general rule, are usually lower than fixed rate loans that begin at the same time, but there is no guarantee they will stay lower. Our Advantage Owner Occ Home Loan COMBO 70 (Special) is an owner occupier loan and has a maximum Loan-to-Value Ratio of 70%. That means you can borrow up to 70% of the value of the property. Both these things are key reasons for the attractive variable interest rate on offer. Another feature of this loan, one that can help reduce interest even further, is that you can attach an offset account to it. An offset account is a non-interest-bearing bank account you can link to your mortgage. The amount of money in the account will offset the mortgage account and reduce interest. For example, if you have a $500,000 mortgage and $50,000 in an offset account, interest will be calculated on the difference – $450,000. This mortgage is suitable if you are buying a house, refinancing, or consolidating all your debt in one place. With a minimum loan amount of just $150,000, flexibility certainly is one of its strengths.

What information can a loan repayment calculator give me?

You’ll notice that just under the key features section of this page, there is an abridged repayments calculator. That can give you an indication of how much the repayments may be for different amounts, if you choose this loan. At Mortgage House we understand the importance of giving you access to as much information and as many resources as possible, to help you choose a suitable loan. Our range of mortgage calculators are a key part of that. Our Loan Repayment Calculator can give you a bit more information than what is on this page. As well as the repayments amount, it can show you how much interest you can pay, and when, over the life of the loan. This can be a good way to show you how beneficial making extra repayments can be over the long term.

Advantage Owner Occ Home Loan COMBO 70

Can I make extra loan repayments?

One of the key features of our Advantage Owner Occ Home Loan COMBO 70 (Special) loan is that you can make extra repayments without being penalised. Some mortgages can attract financial penalties for repayments made above the agreed minimum, or lump sum payments made from time to time. Making additional repayments, as suggested above, can help save you money. The higher the repayments you make, the sooner you will pay off your loan. The sooner you pay off your loan, the less interest you pay. It’s as simple as that. But the benefits of making extra repayments on our Advantage Owner Occ Home Loan COMBO 70 (Special) mortgage are more than just that. This loan comes with a redraw facility, which means you can draw down, or withdraw, any extra repayments or lump sum payments you have made. There are no restrictions on how much of the extra repayments you withdraw, when you can withdraw them, or what you use the repayments for, as long as you keep up with your minimum repayments.

How can I compare the best home loan options for me?

Finding the best home loan for you and your family is difficult. In fact, finding the perfect home loan that includes all the features you want, and none of the things you don’t, is almost impossible. That is why at Mortgage House, our expert lenders want to work with you to find a home loan that will suit your property goals. A great place to start is to compare all our loans in one place. We don’t just mean look at the interest rates and the repayments, we mean compare all the loan features, fees, repayments and purposes in the one spot.  You can compare up to five at a time, and keep changing the five as it suits.

Where can I find Mortgage House’s best variable home loan rates?

If finding the best interest rate is the main reason for your mortgage choice, then our Best Rate Mortgage Calculator is for you. Simply enter the value of your property, the amount you want to borrow, whether you are after a full doc or a low-doc loan, click on the variable button and we will reveal our best interest rates below. And you can click through to each loan to find out more.

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