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Mortgage House Advantage Home Loan (PAYG Essentials) Owner Occupied

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A low-rate variable home loan for PAYG employees that comes with a 100% offset account.

The Mortgage House Advantage Home Loan (PAYG Essentials) Owner Occupied is a low-rate home loan for owner-occupier borrowers that comes with a 100% offset account.

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Expert review

Adam Smith

Review by


Adam Smith was the home loans editor at Finder.

Expert review

The Mortgage House Advantage Home Loan (PAYG Essentials) Owner Occupied is available to PAYG employees who are buying a home to live in. The loan is not available to self-employed borrowers or investors.

About this loan

What are the features and benefits of the Mortgage House Advantage Home Loan (PAYG Essentials) Owner Occupied?

  • Loan amount and purpose. The Mortgage House Advantage Home Loan (PAYG Essentials) Owner Occupied is only available to PAYG employees who are owner-occupier borrowers. There's a minimum loan amount of $150,000 and no maximum loan amount.
  • Loan-to-value ratio. The Mortgage House Advantage Home Loan (PAYG Essentials) Owner Occupied has a maximum LVR of 80% but if you save a 30% deposit you can get a lower interest rate.
  • Repayment frequency. The Mortgage House Advantage Home Loan (PAYG Essentials) Owner Occupied allows weekly, fortnightly or monthly repayments to suit your pay cycle. It allows unlimited additional repayments without penalty.
  • Offset account. This product comes with a 100% offset account, allowing you to use keep extra money in the home loan to minimise interest costs.
  • Redraw facility. You can access any additional repayments you've made via the loan's redraw facility.

What fees and charges come with this loan?

  • Valuation fee up to $300 free. This covers the cost of a property valuation, but is free if the valuation costs $300 or less.
  • Monthly fee. $10. This is charged monthly to cover account keeping costs.
  • Settlement fee. $250. This one-off fee covers the administrative costs of funding your home loan.
  • Discharge fee. $450. This fee is charged when you close your home-loan account.

How to apply

If you've compared your options and believe the Mortgage House Advantage Home Loan (PAYG Essentials) Owner Occupied could be the mortgage product for you, click the link below to be redirected to the Mortgage House website. There you'll be walked through the application process.

Home Loan Offers

Important Information*
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St.George Basic Home Loan - LVR 60% to 80% (Owner Occupier, P&I)

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Athena Liberate Home Loan - 70% to 80% LVR Owner Occupier, P&I

A competitive variable rate mortgage for owner occupiers $0 application and $0 ongoing fees. This interest rate falls over time as you pay off the loan.

Logo for UBank UHomeLoan Variable Rate - Discount Offer for Owner Occupiers, Variable P&I Rate
UBank UHomeLoan Variable Rate - Discount Offer for Owner Occupiers, Variable P&I Rate

Take advantage of a low-fee mortgage with a special interest rate of just 2.49% p.a. and a 2.49% p.a. comparison rate.

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