Mortgage House 2 Years Fixed Rate Home Loan – Special

Rates and Fees verified correct on December 6th, 2016

Enjoy a competitive fixed interest rate and the security of consistent repayment amounts with the Mortgage House 2 Years Fixed Rate Home Loan - Special.

If you want a loan that offers security and reliability, allowing you to budget for your mortgage repayments well in advance, the Mortgage House 2 Years Fixed Rate Home Loan - Special is well worth considering. Allowing you to lock in a competitive fixed rate for two years, the loan is available for the purchase or refinance of owner-occupied homes.

Another standout feature of the Mortgage House 2 Years Fixed Rate Home Loan - Special is the ability to make additional repayments towards your debt. You can repay up to an extra $20,000 each year without incurring any fees or charges, while still being able to access your additional repayments through an unlimited and free redraw facility.

Product NameMortgage House 2 Years Fixed Rate Home Loan - Special
Interest Rate TypeFixed
Interest Rate (p.a.)3.66%
Comp Rate^ (p.a.)4.36%
Minimum Loan Amount$10,000
Maximum Loan Amount$500,000
Maximum Loan Term30 years
Maximum LVR70%
Maximum Insured LVR70%
Mortgage 100% OffsetNo
Loan Redraw FacilityYes
Split Loan FacilityYes
Fixed Interest OptionYes
Loan PortableYes
Extra RepaymentYes
Available as equity loan/line of creditNo
Repayment TypePrincipal & Interest and Interest Only Options
Application Fee$0
Valuation Fee$0
Ongoing Fees$395 p.a.
Settlement Fee$200
Discharge Fee$500

Pros

  • $0 application fee.
  • Extra repayments up to $20,000 per year.
  • Unlimited redraws with $0 redraw fees.

Cons

  • A settlement fee of $200 when setting up the loan.
  • $500 discharge fee is charged when closing the account.

Things to consider about the Mortgage House 2 Years Fixed Rate Home Loan- Special

The Mortgage House 2 Years Fixed Rate Home Loan - Special is offered to employed home buyers with a deposit of at least 30% saved, and to employed home owners who have good equity in their property. The maximum LVR (loan-to-value ratio) available is 70%.

With no application or ongoing fees and a choice of flexible repayment schedules, the Mortgage House 2 Years Fixed Rate Home Loan - Special is designed to help you pay down your debt as quickly as possible. The freedom to make up to $20,000 of additional repayments per year helps you to minimise the interest you pay over the life of your loan.

Features of the Mortgage House 2 Years Fixed Rate Home Loan - Special

  • Loan amount. The Mortgage House 2 Years Fixed Rate Home Loan - Special is available on loan amounts between $10,000 and $500,000.
  • Maximum LVR. The maximum LVR of this mortgage product is 70%, which means you will need to have a deposit of 30% of the purchase price saved in order to qualify for a loan.
  • Repayment options. Available with principal and interest repayments, the Mortgage House 2 Years Fixed Rate Home Loan - Special allows you to make monthly loan repayments.
  • Additional repayments. You also have the freedom to make up to $20,000 of additional repayments towards this loan each year without incurring any fees.
  • Unlimited redraws. The Mortgage House 2 Years Fixed Rate Home Loan - Special features a free redraw facility, which provides free access to the extra funds you have paid towards your loan.
  • Loan split. You also have the option to split this loan into portions to take advantage of different features, for example, fixed and variable interest rates.
  • Portability. The Mortgage House 2 Years Fixed Rate Home Loan - Special can be moved from one home to another without refinancing.

Fees

This loan doesn't charge an application fee but below are some of the fees you will be charged:

  • Settlement fee: $200. This fee is charged upon the settlement of your loan.
  • Discharge fee: $500. This fee is payable when your loan is discharged.

How to apply for the Mortgage House 2 Years Fixed Rate Home Loan - Special

If you’d like to find out more information about the Mortgage House 2 Years Fixed Rate Home Loan - Special, click the “Go to site” links on this page and you will be redirected to the Mortgage House website. You can then fill out an online loan enquiry form and request to get in touch with a Mortgage House lending specialist. You will need to provide:

  • Your name
  • Your postcode
  • Your email address and phone number
  • Any comments or questions you have

If you decide that the Mortgage House 2 Years Fixed Rate Home Loan - Special is perfect for your needs and you meet all the lending criteria, you can apply for the loan. You will need to provide:

  • Personal details. In addition to your name and contact details, proof of ID will be required.
  • Loan purpose. Provide details of how much you want to borrow and whether the loan will be used to purchase a home or refinance an existing loan.
  • Details of your income and assets. Your employment status, income and the assets you own will all affect your borrowing power.
  • Details of your expenses. Provide details of any outstanding debt and ongoing expenses you have.
  • Property details. You will also need to provide details of the property you want to buy or refinance.

The Mortgage House 2 Years Fixed Rate Home Loan - Special provides the security of a fixed rate and a range of competitive features. Compare it with other fixed rate home loans to find the right mortgage for your requirements.

Mortgage House 2 Years Fixed Rate Home Loan – Special Interest Rate History vs RBA Cash Rate Graph

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This page was last modified on 19 July 2016 at 11:44.

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Mortgage House 2 Years Fixed Rate Home Loan - Special

  • Interest Rate

    3.66% p.a.

  • Comparison Rate

    4.36% p.a.

  • App Fee / Annual Service Fee

    $0 / $395

  • Max LVR

    70%

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