Mortgage House Pure and Simple Home Loan

Rates and Fees verified correct on October 28th, 2016

A low variable rate and the ability to make unlimited extra repayments without penalty

See what else is on offer from Mortgage House

Compare Mortgage House's Advantage Discounted Variable Home Loan with a 6 month introductory rate of 3.42% p.a. and comparison rate of 4.04% p.a..

The Mortgage House Pure and Simple home loan is a basic loan that avoids complex features and expensive fees, allowing you to focus on meeting your repayments.

It has a low variable interest rate of and no ongoing fees. Ideal for the purchase of owner-occupied residential property, construction or debt consolidation, you can make principal and interest repayments that will see you paying off your loan sooner.

Things to consider about the Mortgage House Pure and Simple Home Loan

The Mortgage House Pure and Simple Home Loan is suited to home buyers who are buying owner-occupied residential property, property for construction or for debt consolidation purposes.

The Repayment Sweep feature enables you to have part of your income directly deposited into your loan account weekly, fortnightly or monthly which means that you have increased control to make repayments as often as you get paid. Interest is calculated daily, but charged on a monthly basis.

If your situation changes and you require more features for your loan, you can easily upgrade to another Mortgage House loan. Mortgage House offers a variety of fully featured loans with 100% offset accounts, tax minimisation capabilities and other attractive features.

Features of the Mortgage House Pure and Simple Loan

For this loan, you can borrow between  to  for a loan period of up to . Mortgage House enables you to borrow up to  of the value of an owner occupied property.

  • Low rate: A low variable interest rate of  can see you reduce your repayments and pay off your loan sooner than what you would with a higher rate product.
  • Portability: If you relocate to another property, you can transfer your current mortgage to your new one without having to pay stamp duty.
  • Deposit Funds: If you require help with your cash flow when purchasing or selling a property, the deposit funds are available to support you during this transition.
  • Access to Funds: Unlimited manual redraw allows you to access the money you’ve put towards your additional repayments. This means you can use the extra repayments you’ve built up to invest in another property, go overseas or pay for your children’s school fees.
  • Flexible Repayment Structure: You can make repayments weekly, fortnightly or monthly. You can also make additional repayments as frequently as you would like, without penalty.
  • Unlimited free redraws. You can redraw any additional repayments you've made on this loan for free.
  • Repayment Sweep: This enables you to have part of your pay directly deposited into your loan account weekly, fortnightly or monthly allowing you to pay off your loan as often as you get paid.


This loan has no ongoing account keeping fees but does have the below fees:

  • Application fee: . Fee to process your application with Mortgage House.
  • Settlement fee: . Fee charged when setting up your home loan.
  • Discharge fee: . This is charged when you close you home loan accounts.

How to apply for the Mortgage House Pure and Simple Loan

If you wish to apply for the Mortgage House Pure and Simple Loan, make an enquiry by clicking the ‘Go to site’ buttons on this page and a Mortgage House specialist will get in contact with you to discuss the application process.

What happens when I click the 'Go To Site' button?

As soon as you click the 'Go to Site' button on this page you'll be securely taken to the Mortgage House site. Mortgage House Pure and Simple

From here you only need to type in your name, postcode, phone number, email address and any additional comments you want to leave, and Mortgage House will call you back as soon as possible.

Eligibility Criteria

The Pure and Simple Home Loan can be used if you’re purchasing owner-occupied residential property, borrowing for construction or taking out a mortgage to consolidate debts.

Mortgage House will require you to provide credit information to assess your eligibility for this loan. Based on their lending criteria, Mortgage House may require information regarding any other loans or credit cards you have, your repayment history and any defaults. They may also want to know of any dependants and cohabitants, the length of time at your current address, your employment details, proof of earnings and expenses to assess your application.

To be eligible for the Mortgage House Pure and Simple Home Loan you will need to be over 18 years of age with a good credit rating. You will also need to be a permanent Australian resident or Australian citizen.

Documents you’ll need to apply

Proof of identity (you’ll need at least one form of photo ID)

  • Passport
  • Driver’s license
  • Proof of age card

If you only have one form of photo ID, you’ll also need to provide secondary identification, in the form of one of the following:

  • Birth certificate
  • Citizenship certificate
  • Centrelink/Medicare card
  • Recent utility bill


  • Two latest payslips or a letter from your employer
  • If self employed, you’ll need to provide your income tax returns from the last two financial years and your most recent Assessment Notice
  • Details of any other income or allowances
  • If buying an investment property, you will need to supply a copy of the rental agreement


  • Council and water rates
  • Electricity and gas bills
  • Extraordinary expenses (i.e. school fees)


  • Bank statements showing evidence of genuine savings
  • Details of assets including superannuation and any shares held
  • Confirmation of other assets (i.e. insurance statements that include sum insured for home contents value)


  • Recent statements of car or personal loans, credit cards or store cards
  • If you have an existing mortgage, you’ll need to provide at least three months of loan statements.
  • For more information about the documentation required, get in contact with Mortgage House directly.
  • Featuring unlimited free redraws, principal and interest repayments and a waived annual fee, the Mortgage House Pure and Simple Home Loan is an affordable and fuss-free option for Australian home buyers.
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This page was last modified on 1 April 2016 at 12:44.

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16 Responses to Mortgage House Pure and Simple Home Loan

  1. Default Gravatar
    Southerntradie | March 9, 2016

    Do you consider total permanent disability members $860 fortnight no dependents minimal outgoing costs

    • Staff
      Belinda | March 10, 2016

      Hi there,

      Thanks for reaching out.

      You’ve come through to which is an online comparison website so please note that we do not represent Mortgage House. You’ll need to contact Mortgage House directly to see whether you satisfy the eligibility requirements for this product.

      Ultimately, the lender will review your income/benefit sources, assets, your credit score, as well as any existing debts that you have (e.g. credit cards or personal loans) to determine your propensity to repay the loan. If you are receiving a pension benefit, then the lender may need to see evidence of a secondary source of income.

      If you need personal advice regarding your borrowing options, please consult a mortgage broker.


  2. Default Gravatar
    peter | December 17, 2015

    can you please let me know what your current interest rate is . thank you.

    • Staff
      Jodie | December 17, 2015

      Hi Peter,

      Thank you for your comment, please see the details of the loan above including the most up to date interest rate.


  3. Default Gravatar
    Braads | August 13, 2015

    Hi ,
    Can the above Mortgage house loan be used for investment properties??


    • Staff
      Belinda | August 13, 2015

      Hi Braads,

      Thanks for your enquiry.

      The Mortgage House Pure and Simple loan is suited for home buyers that are purchasing owner-occupied residential property, property for construction or debt consolidation purposes. Unfortunately, this loan is not available for investment properties.

      If you’d like to compare a range of home loans that are suited for investment purposes you can visit this page.


  4. Default Gravatar
    Tri | August 10, 2015


    My name is Tri. I’d like to apply for a home loan. Can you please tell me what do I need to do in order to gain an approval of a home loan.



    • Staff
      Marc | August 11, 2015

      Hi Tri,
      thanks for the question.

      To be eligible for this loan you must:
      - Be using it to buy a home, to build a home, or for debt consolidation reasons.
      - You must be over 18 years of age
      - You must have a good credit rating
      - You must be a permanent Australian resident or citizen

      To speak with Mortgage House directly regarding an application, click on the ‘Go to Site’ button on this page.’

      I hope this helps,

  5. Default Gravatar
    Ashok | June 9, 2015

    my son , who is 22yo, wants to buy an investment property and my wife and i are going to provide equity from our properties. what’s the deal?

    • Staff
      Belinda | June 12, 2015

      Hi Ashok,

      Thanks for your enquiry.

      To learn more about family guarantor loans, and to find a list of lenders that offer guarantee home loans you can visit this page and this page.

      On both these pages, you can request to speak with a mortgage broker to discuss your options.


  6. Default Gravatar
    steven | June 2, 2015

    what are the legal fees

    • Staff
      Jodie | June 3, 2015

      Hi Steven,

      Thank you for reaching out to, a financial comparison site.

      Legal fees are dependent on the complexity and size of your loan so it would be best to use the “Go to Site” above to make an enquiry with Mortgage House regarding the legal fees for this loan.

      In general legal fees associated with the creation and application of a home loan range from $200 – $400.


  7. Default Gravatar
    | May 21, 2015

    What would be the interest rate charged if I required an offset account?

    • Staff
      Belinda | May 22, 2015

      Hi Mark,

      Thanks for your enquiry.

      For the Mortgage House Pure and Simple loan, they offer a variable interest rate of 3.99% p.a.

      However, please note that an offset account is not available with this loan.


  8. Default Gravatar
    Mick | May 21, 2015

    I wish to refinance my home loan and would like to know your loan rate, the refinancing figure is $70000 dollars, I make repayments of$200 dollars per week

    • Staff
      Belinda | May 22, 2015

      Hi Mick,

      Thanks for your enquiry.

      As is an online comparison service, we do not issue loans.

      It would be best that you contact a lender directly to discuss your options.


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