Mortgage House 100% Offset Fixed Rate Home Loan Review

Rates and Fees verified correct on December 6th, 2016

The Mortgage House 100% Offset Fixed Rate Home Loan is designed to minimise interest repayments and fees to help you pay off your loan sooner.

If you want the security and peace of mind that comes with a fixed rate, the Mortgage House 100% Offset Fixed Rate Home Loan is worth considering. It comes with a linked 100% offset account to keep your interest repayments down.

There are also no ongoing monthly or annual fees over the life of the loan, meaning that more of the money you earn can go towards paying off the principal amount. Additional repayments are allowed at any time and you can access those payments through an online redraw facility.

Things to consider about the Mortgage House 100% Offset Fixed Rate Home Loan

The Mortgage House 100% Offset Fixed Rate Home Loan is a full doc loan available for buying owner-occupied homes. It can also be used for construction purposes if you’re planning on building a residential home, as well as for renovating, refinancing or consolidating your debts.

The loan comes with a free transaction account which can be used to offset your loan and minimise your interest repayments. It also allows you to borrow up to 95% of the value of the property you are buying and does not feature any maximum loan amount.

Other features include the ability to make extra repayments and free online redraws if you want to access your extra repayments.

Features of the Mortgage House 100% Offset Fixed Rate Home Loan

  • Maximum loan amount. There is no maximum loan amount with the Mortgage House 100% Offset Fixed Rate Home Loan, but a minimum limit of $150,000 applies.
  • Maximum LVR. The maximum LVR available is 95%; of course, you’ll need to cover the extra cost of lender’s mortgage insurance (LMI) if you borrow greater than 80% LVR.
  • Offset account. The Mortgage House 100% Offset Fixed Rate Home Loan comes with a 100% offset account. This transaction account is free.
  • Repayment options. You have the flexibility of choosing a repayment schedule to suit your budget and your financial situation: weekly, fortnightly or monthly.
  • Extra repayments allowed. You can make voluntary repayments at any time without incurring a fee, allowing you to pay off your Mortgage House 100% Offset Fixed Rate Home Loan at a pace that suits your income.
  • Redraw facility. If you want to access the extra repayments you have made towards your loan, free online redraws are available.
  • Other features. The Mortgage House 100% Offset Fixed Rate Home Loan also offers portability and a split facility.

Fees

Fees you can avoid

  • Application fee: 
  • Ongoing fees: 
  • Redraw fee: 

Fees you can’t avoid

  • Legal fee: . This covers any legal costs the lender incurs when administering your loan.
  • Settlement fee: . This fee covers the administrative costs associated with your loan settlement.
  • Discharge fee: . This fee is charged when you discharge your loan.

How to apply for the Mortgage House 100% Offset Fixed Rate Home Loan?

Before you go any further, make sure you meet the eligibility requirements for this loan. You will need to:

  • Be 18 years of age or older
  • Be an Australian citizen or permanent resident
  • Have a good credit history
  • Be using the loan for one of the purposes listed above

If you meet these requirements and would like to find out more about the Mortgage House 100% Offset Fixed Rate Home Loan, click the ‘Go to site’ link on this page to be securely redirected to the Mortgage House website. You can then fill out an enquiry form to request more details about this mortgage.

The form requires you to provide:

  • Your name
  • Your postcode
  • Your phone number
  • Your email address

Once you have submitted the form, a Mortgage House customer service representative will be in touch at your preferred time to help assess your borrowing requirements.

The Mortgage House 100% Offset Fixed Rate Home Loan has a range of competitive features that make it worth considering if you’re looking for a fixed rate mortgage. Compare this product with other home loans at finder.com.au today.

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This page was last modified on 21 September 2015 at 16:54.

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