Rates and fees verified as correct at 16 April, 2021. Other information correct at the time of writing. Advertiser disclosure.
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 |
|---|---|---|---|---|---|
| 2.29% p.a. | 2.90% p.a. | $10.00 monthly | $840 | ||
| 2.19% p.a. | 2.76% p.a. | $10.00 monthly | $840 | ||
| p.a. | n/a |
| $1,440 | ||
| 1.99% p.a. | 2.54% p.a. |
| $1,440 | ||
| 2.44% p.a. | 3.87% p.a. | $395.00 yearly | $840 | ||
| 2.54% p.a. | 2.81% p.a. | $0.00 | $840 | ||
| 2.44% p.a. | 2.60% p.a. | $0.00 | $1,440 | ||
| 2.94% p.a. | 3.39% p.a. | $10.00 monthly | $840 | ||
| 2.74% p.a. | 3.19% p.a. | $10.00 monthly | $840 | ||
| 2.84% p.a. | 3.37% p.a. | $10.00 monthly | $840 | ||
| 2.43% p.a. | 3.08% p.a. | $10.00 monthly | $840 | ||
| 3.94% p.a. | 5.57% p.a. | $395.00 yearly | $840 | ||
| 3.79% p.a. | 4.93% 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 |
|---|---|---|---|---|---|
| 4.24% p.a. | 4.42% p.a. | $10.00 monthly | $840 | ||
| 2.49% p.a. | 2.69% p.a. | $10.00 monthly | $840 | ||
| 2.79% p.a. | 2.98% p.a. | $10.00 monthly | $840 | ||
| 2.44% p.a. | 2.51% p.a. | $0.00 | $840 | ||
| 2.79% p.a. | 2.86% p.a. | $0.00 | $840 | ||
| 1.99% p.a. | 2.48% p.a. | $395.00 yearly | $445 | ||
| 2.29% p.a. | 2.33% p.a. | $0.00 | $840 | ||
| 2.44% p.a. | 2.94% p.a. | $395.00 yearly | $840 | ||
| 3.14% p.a. | 3.62% p.a. | $395.00 yearly | $840 | ||
| 1.94% p.a. | 2.43% p.a. | $395.00 yearly | $445 | ||
| 2.29% p.a. | 2.33% p.a. | $0.00 | $1,440 | ||
| 3.19% p.a. | 3.38% p.a. | $10.00 monthly | $840 | ||
| 2.99% p.a. | 3.18% p.a. | $10.00 monthly | $840 | ||
| 3.14% p.a. | 3.33% p.a. | $10.00 monthly | $840 | ||
| 2.99% p.a. | 3.06% p.a. | $0.00 | $840 | ||
| 3.24% p.a. | 3.72% p.a. | $395.00 yearly | $840 | ||
| 3.04% p.a. | 3.52% p.a. | $395.00 yearly | $840 | ||
| 4.34% p.a. | 4.79% p.a. | $395.00 yearly | $840 |
You can make unlimited extra repayments, without any fees or penalties, on any variable or fixed rate Advantage home loan offer from Mortgage House.
Park your savings in the offset account included with most Mortgage House home loan offers to cut back on interest costs.
Mozo users have rated Mortgage House home loans on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.
27 Reviews
Mortgage House is a private lender. They do loans with various banks. Best part of this company is it has the best employees and owner. You can speak to him to get best review of your loan. He is very humble and support for any request put through. Secondly their staff. They are very nice people who extend excellent services. I strongly recommend to everyone who is in the market to borrow money for refinancing or new home loans. You will not be disappointed.
Read full reviewMortgage House is a private lender. They do loans with various banks. Best part of this company is it has the best employees and owner. You can speak to him to get best review of your loan. He is very humble and support for any request put through. Secondly their staff. They are very nice people who extend excellent services. I strongly recommend to everyone who is in the market to borrow money for refinancing or new home loans. You will not be disappointed.
Stay away from this company in general. Extremely high class customer service (one dedicated person) to adhere to all your needs until you get your loan or refinance with them but Straight after that it is a steep downward slope Until customer service hits rock bottom. No communication whatsoever and all the funds mishandled without notifying the customer and no one person/ department to deal with. You have to keep running pillar to post to seek solutions and answers to your questions. Stay away from these guys or look elsewhere and it will easily be a better experience I am sure.
Read full reviewStay away from this company in general. Extremely high class customer service (one dedicated person) to adhere to all your needs until you get your loan or refinance with them but Straight after that it is a steep downward slope Until customer service hits rock bottom. No communication whatsoever and all the funds mishandled without notifying the customer and no one person/ department to deal with. You have to keep running pillar to post to seek solutions and answers to your questions. Stay away from these guys or look elsewhere and it will easily be a better experience I am sure.
My wife and I are retired and we have been with this lender for about 5 years. We have requested on many occasions to lower our interest rate from 4.18% to the normal expectations that other people are receiving to no avail. On top of the repayments we have to pay a facility fee of nearly $500 every year. To say we are being ripped off is an understatement. Would not recommend this establishment to anyone, be very aware of what you can walk into without due care.
Read full reviewMy wife and I are retired and we have been with this lender for about 5 years. We have requested on many occasions to lower our interest rate from 4.18% to the normal expectations that other people are receiving to no avail. On top of the repayments we have to pay a facility fee of nearly $500 every year. To say we are being ripped off is an understatement. Would not recommend this establishment to anyone, be very aware of what you can walk into without due care.
I have used MH for the loan of an investment property. While the individual I was working with appeared to try to get things done for me he dishonoured several phone appointments and made mistakes which, as he admitted, were due to working extreme long days. I won't hear back for more than a week after submitting a form, and when I need a loan review and there is a holiday period coming up there is no-one doing anything until after the holidays (which can be for four weeks). I'm not using them again.
Read full reviewI have used MH for the loan of an investment property. While the individual I was working with appeared to try to get things done for me he dishonoured several phone appointments and made mistakes which, as he admitted, were due to working extreme long days. I won't hear back for more than a week after submitting a form, and when I need a loan review and there is a holiday period coming up there is no-one doing anything until after the holidays (which can be for four weeks). I'm not using them again.
Don't bother with these guys! They lie about calling you and never keep you up to up to date even for a "quite easy" rate review. The staff there cover each other so you never get to talk with the real manager. Last minute appointment cancellations, laziness and not even proof reading emails are just some of the things you encounter. They're good at making the sale, but they then leave you to walk off the edge of a cliff afterwards. Utterly disappointed and upset.
Read full reviewDon't bother with these guys! They lie about calling you and never keep you up to up to date even for a "quite easy" rate review. The staff there cover each other so you never get to talk with the real manager. Last minute appointment cancellations, laziness and not even proof reading emails are just some of the things you encounter. They're good at making the sale, but they then leave you to walk off the edge of a cliff afterwards. Utterly disappointed and upset.
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:
