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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
    $2,500,000.00
  • Application Fee
    $1295
  • Settlement Fee
    $499
  • Discharge Fee
    $500
  • Internet Access
    Yes
  • LVR
    80%
  • 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
    7.55% p.a.
    8.04% p.a.
  • Maximum LVR
    80%
     
  • Minimum Loan Size
    $150,000.00
     
  • Maximum Loan Size
    $2,500,000.00
     
  • 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)
     
     
  • 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
     
     
  • Construction
     
     
  • Vacant Land
     
     
  • 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 fee to pay each & every year.
     
     
  • No Rate Lock Fee
     
     
  • Stretch Package Feature
     
     
  • 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.
     
     
  • 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.
     
     
  • 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.
     
     
  • 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
    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
     
     
  • 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
    No package fee
     
  • Rate Lock Fee
    No rate lock fee
     
  • Application Fee
    $1295
     
  • Valuation Fee
    Up to $300 free^
     
  • Settlement Fee
    $499
     
  • 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 investment home loans such as these?

Mortgage House investment home loans can come with a raft of special features, and our Advantage Investment Home Loan 80 (Special) is no exception. Buying an investment property can be beneficial in the short and long term, with rental income helping cash flow almost immediately, and the possibility of the increase of your investment’s value the longer you hold it for. This mortgage can be used to either purchase an investment property, or refinancing an existing mortgage. Giving your mortgage a health check from time to time is always a good idea. It can make sure your home loan changes with your financial and personal needs. One of the key features of this mortgage is its low fees. There are no monthly or application fees, which goes part of the way to explaining the low comparison rate. Comparison rates are required to be advertised by law, and are a way of giving consumers an idea of the total cost of the loan over its life. It is one way of including the likely fees and charges you may face, and giving you a chance to compare it to the advertised interest rate. 

How can I compare Mortgage House’s best variable home loan rates?

Our Advantage Investment Home Loan 80 (Special) is a variable interest rate mortgage, meaning the interest rate can increase and decrease over the life of the loan, influenced by a range of both internal and external factors. Variable loans are flexible and popular, and as such there are a lot to choose from, whether you are looking for a loan for a home to live in, or looking to invest. Choice means competition, and finding a suitable variable interest rate can be difficult. At Mortgage House, we can do all the hard work for you. Our Best Rate Mortgage Calculator can help you compare the interest rates of all Mortgage House variable investment loans, as well as the comparison rates and repayment options. If you want to compare more than just variable interest rates, we can help you out there, too. You can compare up to 5 Mortgage House loans at the one time, looking at all the features, details, purposes, repayment options and fees side by side. This comprehensive comparison can make choosing a suitable variable investment loan easier.

What other mortgage calculator options are there?

As well as our Best Rate Mortgage Calculator, we have a range of other mortgage calculators that can help you in your search for a suitable investment mortgage. We have repayment and borrowing calculators, as well as a range of other practical calculators that can help you on your journey. Our Stamp Duty Calculator can tell you how much stamp duty you will pay on your property purchase, no matter which state you buy in. Our Switching Mortgage Calculator is popular with a lot of our customers. It lets you see how much money you can save by switching loans, and compare different repayment options. We also have a calculator that can help with your budgeting. Saving for a deposit, and working out what repayment amount can suit your budget can be difficult. Our budget calculator can condense all your incomes and expenditure in one easy-to-understand table, giving you a clearer picture of your financial situation going forward. We know how important information is and that is why we pride ourselves on having such a wide and varied range of mortgage calculators.

Can I make extra loan repayments?

Knowing what your repayments can be before you apply for a loan is information that is always valued by our customers. Our Mortgage Repayment Calculator can give you that information with ease. But what if you want to make extra repayments? The repayment calculator will show you how much interest you will pay over the life of a loan, and repaying more than the minimum amount can reduce that number significantly. With our Advantage Investment Home Loan 80 (Special) you can make extra repayments without being penalised, and you can even drawdown on them whenever you want to, with our Redraw feature. You won’t be charged, and as long as your minimum repayments are up to date, you can do it whenever you want.

Where can I find loan amount information?

You can borrow a minimum of $500,000 with this mortgage, and there is no maximum amount. It has a Loan-To-Value Ratio (LVR) of 80%, which means you can borrow up to 80% of the value of the property you are looking to purchase. One of our mortgage calculators can give you an indication of how much you can borrow, even before you have applied for a loan. Simply enter your information into our borrowing calculator, and we will provide you with a figure that you can use as a guide going forward. If you are looking for a higher figure, contact our expert lenders and they will work to help you achieve your property goals.

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