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Advantage Home Loan

This highly awarded Advantage home loan is available in three different mortgage interest rate options according to loan size, providing greater value for larger mortgage amounts.

Advantage Home Loan

A low mortgage interest rate starting from
Borrow up to
Borrow up to 90% of the property's value
Choose from a Fixed , Variable or Split home loan. (Now also available as a Toggle Offset Home Loan!)
Up to 30 years home loan terms
24/7 internet access to your home loan account
100% interest offset capability
Extra mortgage repayments permitted without charge
Visa card (debit or credit)
FREE Home loan application (for a limited time)

Variable Rates

Product Name	Interest Rate	Comparison Rate	Loan Amounts
Advantage Home Loan	6.49% p.a.	6.51% p.a.	For amounts greater than $10,000.00
Advantage Plus Home Loan	6.49% p.a.	6.51% p.a.	For amounts between $250,000.00 and 650,000.00
Advantage Max Home Loan	6.44% p.a.	6.46% p.a.	For amounts greater than $650,000.00

Fixed Rates

Product Name	Interest Rate	Comparison Rate
Advantage - 1 Year Fixed	6.17% p.a.	6.92% p.a.
Advantage - 2 Years Fixed	6.28% p.a.	6.85% p.a.
Advantage - 3 Years Fixed	6.40% p.a.	6.80% p.a.
Advantage - 4 Years Fixed	6.59% p.a.	6.91% p.a.
Advantage - 5 Years Fixed	6.80% p.a.	6.94% p.a.

The Comparison Rate for each of the home loan products contained in this page is based on a loan of $150,000 over a 25 year term. 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.

Free Home Loan Application and Valuation for a limited time (save over $300).

Features

The Mortgage House Advantage Home Loan includes the following features:

Suitable for home loan amounts greater than $10,000.00
Ability to borrow up to 90% of the value of the property
Available as Interest Only or Principal & Interest
24/7 internet access to your home loan
Suitable for Construction
$20 worth of Free transactions every month
Visa card (debit or credit)

Options

Available Options on the Mortgage House Advantage Home Loan:

Fixed Interest Rates
Progressive Fixed Interest Rates (see example below)
Variable Interest Rates
Split Home Loan
Toggle Offset home loan - Click for more information
Borrow up to 90% of the value of the property (Principal & Interest / Interest Only)
Interest Only home loan repayments up to 90% of the value of the property
Home loan terms up to 30 years for Principal and Interest mortgage repayments
Home loan terms up to 10 years for Interest Only mortgage repayments

A Progressive Fixed Rate home loan allows you to make additional mortgage repayments (without incurring a fee) on a Fixed Rate home loan. This provides you with peace of mind knowing that your interest rate will not increase and gives you the flexibility to reduce both your principal and loan term, saving you on interest and paying off your home loan sooner.

How does this work: If you have a $450,000 loan fixed at 7.5% p.a. for 4 years and an offset account with $20,000. Your interest will be charged at 7.5% p.a. (fixed) on only $430,000 (progressive).

Suitability

The Mortgage House Advantage home loan is suitable for:

First home buyers and next home buyers who want a low mortgage interest rate and the ability to use their home loan like a bank account with a BSB and account number, including a Visa card
Homeowners wanting to refinance their current home loan and who may also want to start an investment property portfolio by accessing the equity in their home
Customers looking to refinance with the purpose of debt consolidation enabling them to make one loan repayment per month
Customers looking for a fixed rate home loan and wanting the flexibility of an offset account and ability to make additional mortgage repayments without incurring additional fees
Customers looking to build their home and require a construction loan
Companies and Trusts
Customers who require the extra flexibility of VISA facilities at standard home loan rates
Property investors and home buyers looking for a loan with an interest only period of up to 10 years

Access

3rd Party Direct Debit (pay bills directly out of your home loan)
Credit card sweep - this allows you to automatically clear your credit card each month by adding the credit card balance onto your mortgage, avoiding late fees.
VISA card available on request (linked to your home loan)
Debit card - allows you access to your money from an ATM
BPay out (money directly out of your home loan)
Same day redraw from your account
Unlimited Free internet redraws (to nominated account)
Pay-Anyone (EFT) (money directly out of your home loan)

Repayments

Free direct credit - allows any 3rd party institution to pay into your account
Free direct salary crediting allows you to have your pay directly deposited into your home loan account weekly, fortnightly or monthly
Unlimited free direct debit - borrowers can have their repayment drawn from a nominated bank account weekly, fortnightly or monthly
Australia Post Deposit (money directly credited to your home loan)
Bpay In (money directly credited to your home loan)
Extra home loan repayments permitted without charge