Mortgage House Advantage PAYG Special

The details shown below are for an owner occupier taking out a principal & interest loan of at least $150,000 with an LVR below 70%

The details shown below are for an owner occupier taking out a principal & interest loan of at least $150,000 with an LVR below 80%

The details shown below are for an owner occupier taking out a principal & interest loan of at least $150,000 with an LVR below 70%

The details shown below are for an owner occupier taking out a principal & interest loan of at least $150,000 with an LVR below 80%

Choose the version of loan that suits you best

  • Owner Occupier (Principal & Interest)

    LVR 60%-70%

    Loan: $150,000

  • Owner Occupier (Principal & Interest)

    LVR 70%-80%

    Loan: $150,000

  • Owner Occupier (Principal & Interest)

    LVR < 70%

    Loan: $150,000

  • Owner Occupier (Principal & Interest)

    LVR 70%-80%

    Loan: $150,000

3.64% p.a.

3.69% p.a.

$0.00

Mortgage House Advantage PAYG Special

3.64% p.a.

3.69% p.a.

$0.00

3.64% p.a.

3.69% p.a.

$0.00

Mortgage House Advantage PAYG Special

3.64% p.a.

3.69% p.a.

$0.00

3.64% p.a.

3.81% p.a.

$10.00 monthly

Mortgage House Advantage PAYG Special

3.64% p.a.

3.81% p.a.

$10.00 monthly

3.64% p.a.

3.81% p.a.

$10.00 monthly

Mortgage House Advantage PAYG Special

3.64% p.a.

3.81% p.a.

$10.00 monthly

Mozo Review   Mortgage House Advantage PAYG Special Review

Last updated: 26 March 2018.

What's hot:
  • 2018 Mozo Experts Choice Award winner

  • Variable rates from 3.64% (3.69% comparison rate)

  • Offset account available

  • Redraw facility

What's not:
  • $395 legal fee

  • $250 settlement fee

Mozo snapshot:

Mortgage House have packed its Advantage PAYG Special full of the features that really matter to homeowners and offer competitive variable rates to boot. With fee free additional repayments, a handy redraw facility and the option to go with a home loan that includes an offset account, it is easy to see how the Mortgage House Advantage PAYG Special took out a gong in the 2018 Mozo Experts Choice Awards’ Offset Home Loan category.

Key features:

The Mortgage House Advantage PAYG Special might be big on features but it also offers small,  competitive rates which is great news for owner occupiers looking to finance their own home. Depending on the LVR, you could snag a variable rate as low as 3.64% (3.69% comparison rate) on your loan so long as it is worth more than $300,000.

When it comes to repayments, the Advantage PAYG Special delivers serious flexibility. First up, you’ll have the option to make repayments on a weekly, fortnightly or monthly basis and you’ll also have the opportunity to make fee-free additional repayments so that you can pay off your loan that bit quicker. Just keep in mind that you won’t be able to take a repayment holiday and investors will have to look elsewhere, as the Advantage PAYG Special is only available for owner occupiers making principal and interest repayments.

You’ll also get the option to hedge your bets against a rate rise with the split account feature of the Mortgage House Advantage PAYG Special and if you opt for a home loan with an attached offset account, you’ll be able to put your savings towards reducing the amount of interest you pay over the life of the loan. Finally, if you’ve bolted ahead with additional repayments, you’re able to make use of the redraw facility but there is a $20 minimum.

It is probably worth mentioning that while this home loan comes packed with features, it does come at a cost. The Advantage PAYG Special comes with a $395 legal and $250 settlement fee when you get started on the loan, along with a $450 discharge fee once you’ve paid it off.

Who it's good for:

If you’re an owner occupier looking to save on your home loan with an offset account, Mortgage House’s Advantage PAYG Special home loan could be the one for you.

Any catches?

Just bear in mind that this home loan is fee heavy. Aside from the settlement, discharge and legal fees, if you do want to open an offset account, you’ll have to pay a monthly service fee of $10 on your home loan.

Details

Rates and fees information correct as at 31 July 2018.

Rates
  • 3.64% p.a.

  • n/a

  • 0 Months

  • none

  • 3.69% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $0.00

  • $395.00

  • $0.00

  • $250.00

  • none

  • $0.00

  • $450.00

Other financial bits
  • $150,000

  • none

  • 60.00%

  • 70.00%

Features
  • Owner Occupier

  • Principal & Interest

  • Weekly, Fortnightly, Monthly

  • yes - free

  • no

  • yes - free

  • $20.00

  • yes

  • no

  • none

  • none

Details

Rates and fees information correct as at 31 July 2018.

Rates
  • 3.64% p.a.

  • n/a

  • 0 Months

  • none

  • 3.69% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $0.00

  • $395.00

  • $0.00

  • $250.00

  • none

  • $0.00

  • $450.00

Other financial bits
  • $150,000

  • none

  • 70.00%

  • 80.00%

Features
  • Owner Occupier

  • Principal & Interest

  • Weekly, Fortnightly, Monthly

  • yes - free

  • no

  • yes - free

  • $20.00

  • yes

  • no

  • none

  • none

Details

Rates and fees information correct as at 31 July 2018.

Rates
  • 3.64% p.a.

  • n/a

  • 0 Months

  • none

  • 3.81% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $0.00

  • $395.00

  • $0.00

  • $250.00

  • none

  • $10.00 monthly

  • $450.00

Other financial bits
  • $150,000

  • none

  • none

  • 70.00%

Features
  • Owner Occupier

  • Principal & Interest

  • Weekly, Fortnightly, Monthly

  • yes - free

  • no

  • yes - free

  • $20.00

  • yes

  • yes

  • none

  • none

Details

Rates and fees information correct as at 31 July 2018.

Rates
  • 3.64% p.a.

  • n/a

  • 0 Months

  • none

  • 3.81% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $0.00

  • $395.00

  • $0.00

  • $250.00

  • none

  • $10.00 monthly

  • $450.00

Other financial bits
  • $150,000

  • none

  • 70.00%

  • 80.00%

Features
  • Owner Occupier

  • Principal & Interest

  • Weekly, Fortnightly, Monthly

  • yes - free

  • no

  • yes - free

  • $20.00

  • yes

  • yes

  • none

  • none

Customer Reviews

How are Mortgage House home loans rated by the Mozo community?

Overall customer rating
7.0/10
Price
7.8/10
Features
7.2/10
Customer service
7.6/10
Convenience
5.2/10
Trust
7.0/10

*WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.