About Your Mortgage
From the time Mortgage House was founded in 1986, we have been one of the fastest growing non-bank lenders in Australia, and we have expanded our network to include over 30 national Home Loan Centres we also provide customers with a wide range of home loans.
Our ultimate goal is to provide a manageable service that permits more Australians to secure the dream of home tenure; we differentiate ourselves from the competition and offer flexibility every step of the way, ensuring a tailored product as well as competitive rates.
Award-winning loan products
We have won various awards for our loan products and customer services, we have also won the Your Mortgage Award for Best 3 Year Fixed loan under the non-bank category plus we were also awarded the Best Customer Service in the Australian Mortgage Awards.
Variable rate loan
The variable rate loan can possibly offer flexible features like access to redraw facility which can act as a quick emergency loan and unlimited repayments. Nevertheless, there’s a big difference between the standard & basic product, and the right loan that’s suited to your needs will depend entirely on your individual goals and requirements.
Your Mortgage Services
Contact one of our Brokers in NSW, Queensland or Victoria telephonically, online or in person should you want to apply for a loan with Mortgage House. You are also able to contact one of our mortgage brokers to assist in streamlining the process and decide which product is best suited for you.
Ensure that you always have all the necessary information ready and available before apply, always be prepared before you apply for a mortgage because it will make applying much simpler.
To eligible, you need to be at least 18 years or older in order to apply for a loan
- Evidence of your income will need to be provided when you apply for a loan, ensure that you safeguard your tax return, and pay slips as well as any other financial details that might be required.
- Along with your income Mortgage House, the same way another lender we would need to examine your assets including your debts like personal loans and credit card debt.
- Keep your identity such as a state identification and or passport handy because you would need to the prof when applying for a loan with Mortgage House.
- Should you have found a property that has caught your interest; you will need to provide any information about the property.
Your Mortgage Product Details
- Loan Type Home loans
- Interest Rate 3.44 – 3.79% p/a
- Loan Amount up to $2,000,000
- Repayment 10 years to 30 years
Summary of Services
- Affordable mortgage repayments
- Repayments up to 30 years
- Compare loans and options
Your Mortgage - Buy your dream home
Frequently banks and lenders will encourage their standard and basic variable home loans rates when they advertise their mortgage products, but have you ever questioned what the variance is between the two?
Both loans are attached to variable interest rates, meaning that its possible for the rate to change at any given time, should the rate be changed by the Reserve Banks or not. In general, variable rates are moved in line with the RBA; progressively the banks are setting their own rate strategy as the cost of raising finance increases.
This sort of loan is one of the most popular mortgage products in Australia because half of our borrowers opt for the Standard Variable Mortgage. Our Standard Variable Rate loan offers flexible features such as Redraw, Extra Payments Offset Facilities plus you have the ability to split the loan if you so desired, bearing in mind that this feature normally carries a higher interest rate.
This no-frills loan is around 0.7% lower than that of a standard variable loan, so it typically carries a cheaper loan rate, because there are no extra features as mentioned with a Standard Variable Mortgage. Though, you should be cautious of higher discharge fees if you choose to close the loan within the first three years.
Which is best?
If your intention is to keep your costs low or if you would prefer a simple loan with no bells and whistles then the Variable Loan is perfect. For the investor or those who are looking for a little more flexibility, a Standard Variable rate would be the way to go, because of the ability to redraw cash from the loan as a quick loan, or stash extra cash in an offset account, it more the makes up for the additional fees that are forked out in higher interest payments.
Compare home loans
There are several factors to take into consideration when considering a home loan, whether you are purchasing property for a future investment or if you are buying to live on the property, this will determine if you should apply for an investment loan or an owner-occupied loan.
The other consideration is what sort of payment plan would be suitable for you. Generally, you can choose between a fixed or flexible rate of interest. Should you be on a budget or prefer to know exactly what your repayments would be then a fixed rate would be best suited for you. However, a variable rate could also work to your advantage again this will depend on your requirements and affordability.
It is always advised to seek an expert’s opinion when considering any type of home loan. We will assist you in choosing a home that’s best suited for you according to your requirements and affordability and what will work best for you and your money.
Customer Reviews & Testimonials
My husband and I were on the lookout for the best deal to finance our home. We found that with Your Mortgage.
— Sydney —
Your Mortgage has been so helpful throughout the process of helping us purchase our home. Thank you!
— Melbourne —
I could not have been happier with the interest rate we were offered. It made all the difference in the world.
— Adelaide —
The consultant who helped us was very professional and friendly - made sure to explain everything clearly.
— Canberra —