Whatever you’re looking for Mortgage House has a solution. Our home loans are the perfect fit for buying your first or that next dream home, constructing a property, refinancing, purchasing an investment property or if you are just looking at consolidating your loans.
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.
Money IN - Allows you to make additional repayments without penalty.
Money IN - A direct debit is an automatic payment that is set up to repay your home loan.
Money IN - A manual payment to a loan account either via internet transfer or employee payroll transfer.
Money IN - The ability for an external party to pay directly into a borrower's loan account.
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).
Money IN - The ability to pay your loan via a unique biller code from another financial institution.
A non-interest earning account where 100% of the balance is offset against the home loan to reduce the total interest payable.
No Monthly Fees
No Package Fee (excluding Stretch Feature)
No fee to pay each & every year.
No Rate Lock Fee
Stretch Package Feature
Low Deposit Option
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.
The access via the internet to view & administer your home loan.
The access via the phone to administer your home loan.
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.
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.
Each repayment cycle (normally monthly) a repayment must be made, regardless if you have redraw available in the loan account.
LMI Premium Capitalisation
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
You can switch you loans variable interest rate to a fixed interest rate (subject to the terms and conditions of your loan).
Up to 40 Year Loan Term
Up to 30 Year Loan Term
Up to 25 Year Loan Term
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.
Money OUT - The ability to pay your loan via a unique biller code to another financial institution.
No LMI Premium Payable By Borrower
Mortgage Insurance not Required
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.