Advantage Home Line Home Loan

The Mortgage House Advantage Home Line home loan is like having an offset account and your home loan in one and includes a line of credit.

Advantage Home Line Home Loan

Mortgage interest rates from 6.54% p.a. (comparison rate 6.70% p.a.)
Suitable for home loan amounts between $20,000.00 and $250,000.00.
Borrow up to 95% of the property's value (Full Doc)
Borrow up to 80% of the property's value (Low Doc)
Up to 30 years loan terms
Interest only option for up to 10 years
Free home loan application and valuation for a limited time (save over $300)
Unlimited Free redraw facility
Available as a Full Doc and Low Doc home loan

The Advantage Home Line Home Loan range has an interest rate according to the size of the loan amount, offering greater savings for larger amounts.

Variable Full Doc Rates

The Mortgage House Advantage Home Loan includes the following features:

Product Name	Interest Rate	Comparison Rate	Loan Amounts
Advantage Homeline Home Loan	6.59% p.a.	6.75% p.a.	For amounts greater than $20,000.00
Advantage Homeline Plus Home Loan	6.59% p.a.	6.75% p.a.	For amounts between $250,000.00 and 650,000.00
Advantage Homeline Max Home Loan	6.54% p.a.	6.70% p.a.	For amounts greater than $650,000.00

Variable Lo Doc Rates

Product Name	Interest Rate	Comparison Rate	Loan Amounts
Advantage Homeline Home Loan	7.94% p.a.	8.09% p.a.	For amounts greater than $50,000.00
Advantage Homeline Plus Home Loan	7.94% p.a.	8.09% p.a.	For amounts between $250,000.00 and 650,000.00
Advantage Homeline Max Home Loan	7.89% p.a.	8.04% p.a.	For amounts greater than $650,000.00

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

Line of Credit (either Interest Only or Principal and Interest repayments)
Deluxe House Visa credit card (at home loan interest rates)
No ongoing weekly, monthly or annual fees
$20 worth of free transactions each month
Unlimited Free redraw facility
Free Mortgage Minimisation software

Options

Available Options on the Mortgage House Advantage Home Line Home Loan:

Fixed Interest Rates
Variable Interest Rates
Split Home Loan
Principal and Interest home loan repayments
Interest Only home loan repayments
Revolving Line of Credit

Suitability

The Mortgage House Advantage Home Line Home Loan is suitable for:

First home buyers and next home buyers who want a low mortgage interest rate
Customers wanting the features of being able 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 making preparations for wealth creation, using their equity in their home
Customers looking to refinance and wanting to consolidate their other debts into one loan repayment
Companies and trusts
Self employed customers with an ABN who require the extra flexibility of a Line of Credit accompanied with full transactional options, such as a debit card and VISA facilities at standard home loan rates

Access

The Advantage Home Line Home Loan allows you to access your funds in the following ways:

3rd party direct debit (money directly out of your home loan)
Credit card sweep - the balance on your credit card automatically gets transferred on your home loan each month.
3rd party protocol friendly - allows organisations to automatically debit from your account, ie pay internet bill
VISA card available on request (linked to your home loan)
BPay out (money directly out of your home loan)
Debit card - access your funds and make withdrawals from an ATM
Unlimited free redraws via the internet (to nominated account)
Pay-Anyone - EFT (money directly out of your home loan)

Repayments

The Advantage Home Line Home Loan offers the following repayment methods:

Free direct credit - available to any 3rd party institution
Free direct salary crediting allows your salary to be paid straight into your home loan account
Unlimited free direct debit allows borrowers to have their mortgage repayment drawn from a nominated bank account weekly, fortnightly or monthly
Australia Post deposit allows you to make mortgage repayments at the Post Office
Bpay in (money directly credited to your home loan)
Principal and Interest home loan repayments up to 25 years
Interest Only home loan repayments up to 10 years