One of Australia's fastest growing non-bank home loan lenders, Mortgage House has been dedicated to putting Aussies into their dream homes since it began operations in 1986. And they've got award-winning loans to suit a range of homebuyers, with Mortgage House having taken out three 2019 Mozo Experts Choice Awards in the Low Cost Home Loan, Offset Home Loan and Split Home Loan categories.
Check out the home loans on offer from this up-and-comer below.
Rates and fees verified as correct at 25 February, 2020. Other information correct at the time of writing.
If you like the certainty of a set monthly budget, take a look at the fixed rate home loan offer from Mortgage House. Available for up to 95% of the property’s value, this loan comes with the ability to make unlimited extra repayments without penalty. You’ll also have the use of an offset account and free redraw facility (minimum applies). But keep in mind, there are upfront application, legal and settlement fees to consider, as well as a monthly service fee.
| Product | Fixed 3 year rate | Comparison Rate* | Service fee | Upfront fee | Monthly repayments ‡ |
|---|---|---|---|---|---|
| 3.79% p.a. | 3.79% p.a. | $10.00 monthly | $840 | ||
| 3.49% p.a. | 3.57% p.a. | $10.00 monthly | $840 | ||
| 2.99% p.a. | 3.22% p.a. | $10.00 monthly | $840 | ||
| 3.59% p.a. | 3.74% p.a. | $10.00 monthly | $840 | ||
| 3.29% p.a. | 3.48% p.a. | $10.00 monthly | $840 | ||
| 3.49% p.a. | 3.57% p.a. | $10.00 monthly | $840 | ||
| 2.79% p.a. | 3.13% p.a. | $10.00 monthly | $840 | ||
| p.a. | n/a | $395.00 yearly | $840 | ||
| 4.34% p.a. | 5.85% p.a. | $395.00 yearly | $840 | ||
| 4.24% p.a. | 5.23% p.a. | $395.00 yearly | $840 | ||
| 3.14% p.a. | 4.48% p.a. | $395.00 yearly | $840 |
For a little extra flexibility, the Mortgage House variable rate offer may be just the ticket. Like the fixed rate alternative, you can borrow up to 95% of the property’s value. You can also make unlimited free extra repayments and make use of the free redraw facility (minimum applies) and offset account. Remember there are legal, settlement and monthly service fees to pay. There is a fee free option, but if you choose this one, you’ll forfeit the offset account feature.
| Product | Rate | Comparison Rate* | Service fee | Upfront fee | Monthly repayments ‡ |
|---|---|---|---|---|---|
| 3.39% p.a. | 3.58% p.a. | $10.00 monthly | $840 | ||
| 3.39% p.a. | 3.58% p.a. | $10.00 monthly | $840 | ||
| 3.19% p.a. | 3.38% p.a. | $10.00 monthly | $840 | ||
| 3.34% p.a. | 3.53% p.a. | $10.00 monthly | $840 | ||
| 4.74% p.a. | 4.92% p.a. | $10.00 monthly | $840 | ||
| 2.94% p.a. | 3.13% p.a. | $10.00 monthly | $840 | ||
| 3.04% p.a. | 3.23% p.a. | $10.00 monthly | $840 | ||
| 3.54% p.a. | 3.73% p.a. | $10.00 monthly | $840 | ||
| 3.19% p.a. | 3.26% p.a. | $0.00 | $840 | ||
| 2.94% p.a. | 3.01% p.a. | $0.00 | $840 | ||
| 3.04% p.a. | 3.11% p.a. | $0.00 | $840 | ||
| 4.64% p.a. | 5.09% p.a. | $395.00 yearly | $840 | ||
| 3.64% p.a. | 4.11% p.a. | $395.00 yearly | $840 | ||
| 4.54% p.a. | 4.99% p.a. | $395.00 yearly | $840 | ||
| 2.89% p.a. | 3.37% p.a. | $395.00 yearly | $840 | ||
| 3.14% p.a. | 3.62% p.a. | $395.00 yearly | $840 | ||
| 2.89% p.a. | 2.93% p.a. | $0.00 | $940 |
‡ Results from this calculation are estimates only as individual lenders apply different formulas. Actual repayments will depend on your individual circumstances and interest rate changes.
| Free extra repaymentsFree extra repayments | You can make unlimited extra repayments, without any fees or penalties, on any variable or fixed rate Advantage home loan offer from Mortgage House. |
| Offset accountOffset account | Park your savings in the offset account included with most Mortgage House home loan offers to cut back on interest costs. |
Want to know how Mortgage House stacks up in terms of trust, customer service and convenience? Find out in our customer review section.
I was interested in refinancing for their rate, however the process was very unprofessional and I went elsewhere. 24 months later I continue to be harassed by email, text and phone call. Despite telling them I don’t want to do business with them,...
I was interested in refinancing for their rate, however the process was very unprofessional and I went elsewhere. 24 months later I continue to be harassed by email, text and phone call. Despite telling them I don’t want to do business with them, they continue to bug me and try to make appointments. I have now had to issue them with formal cease and desist notices. Do not go with this company.
Dave, Victoria, reviewed 15 days ago
Offers good flexibility and options for getting a home loan, however when you have any questions, customer service is lacking.
Offers good flexibility and options for getting a home loan, however when you have any questions, customer service is lacking.
Jeremy, New South Wales, reviewed 4 months ago
Virtually no customer service and when you get a call back, they tell you things that just aren't true.
Virtually no customer service and when you get a call back, they tell you things that just aren't true.
Rose, New South Wales, reviewed over 4 years ago
First loan with them, best rate with an offset account, no additional charges. Got second loan with them too, beat all rates out there and refinanced my original loan to make things work for me, again with no additional charges. If you don't...
First loan with them, best rate with an offset account, no additional charges. Got second loan with them too, beat all rates out there and refinanced my original loan to make things work for me, again with no additional charges. If you don't need lots of ATM access or a fancy web page, then definitely give Mortgage House a go.
Tracey, South Australia, reviewed over 4 years ago
Mortgage house do a great job and as I am having financial problems at the moment they are very understanding.
Mortgage house do a great job and as I am having financial problems at the moment they are very understanding.
Loraine, New South Wales, reviewed almost 5 years ago
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If you decide to take the plunge and apply for a home loan with Mortgage House, there are a few documents you should have with you in order to make the process as smooth as possible, including:
