Conservative Home Loan

The Mortgage House Conservative home loan provides the best value with one of our lowest interest rates and no ongoing fees for the life of the home loan.

Conservative Home Loan

Suitable for mortgage amounts above $50,000.00. No maximum loan amount.
Borrow up to 60% of the property's value
Choose from a Fixed , Variable or Split home loan. (Now also available as a Toggle Offset Home Loan!)
Up to 30 years mortgage terms
Free Home Loan Application for a limited time. (Save $300)
No ongoing fees for the life of the home loan
Available as a Principal and Interest or Interest Only home loan

Variable Rates

The Mortgage House Advantage Home Loan includes the following features:

Product Name	Interest Rate	Comparison Rate	Loan Amounts
Conservative Home Loan	6.48% p.a.	6.50% p.a.	For amounts greater than $50,000.00
Conservative Plus Home Loan	6.44% p.a.	6.46% p.a.	For amounts between $250,000.00 and 650,000.00
Conservative Max Home Loan	6.44% p.a.	6.46% p.a.	For amounts greater than $650,000.00

Fixed Rates

Product Name	Interest Rate	Comparison Rate
Conservative - 1 Year Fixed	6.17% p.a.	6.92% p.a.
Conservative - 2 Years Fixed	6.28% p.a.	6.85% p.a.
Conservative - 3 Years Fixed	6.40% p.a.	6.80% p.a.
Conservative - 4 Years Fixed	6.59% p.a.	6.91% p.a.
Conservative - 5 Years Fixed	6.80% p.a.	6.94% p.a.

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

The Mortgage House Conservative Home Loan features include:

Visa card
100% offset capability on both Fixed and Variable loans
$20 worth of free transactions every month
Suitable for construction
No ongoing fees ever
Additional mortgage repayments allowed without fees
Portability - allows you to take your mortgage with you when you move, saving on exit fees and loan stamp duty

Options

The Mortgage House Conservative Home Loan has the following options:

Fixed Interest Rates (including a Progressive Fixed Rate home loan)
Variable Interest Rates
Split Home Loan
Toggle Offset home loan - Click for more information
Principal and Interest home loan repayments
Interest Only home loan repayments
Full doc and Lo doc

A Progressive Fixed Rate home loan allows you to make additional mortgage repayments on your Fixed Rate home loan (without incurring a fee) providing you with the ability to reduce both your principal and loan term, saving you on interest and paying off your home loan sooner.

How does this work: If you have a $410,000 loan fixed at 7.1% p.a. for 2 years and an offset account with $30,000. Your interest will be charged at 7.1% p.a. (fixed) on only $380,000 (progressive).

Suitability

The Mortgage House Conservative Home Loan is suitable for:

First home buyers and next home buyers that want a low mortgage interest rate and want 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 home equity
Customers looking to refinance with the purpose of debt consolidation of items such as car finance, credit cards or personal debt
Customers looking for a fixed rate home loan and wanting the flexibility of an offset account and ability to make additional repayments without penalty
Customers looking to build their home and require a construction loan
Companies and Trusts requiring a home loan or want to refinance a mortgage
Self employed customers with an ABN who require the extra flexibility of VISA facilities at standard home loan rates

Access

The Mortgage House Bridge Home Loan allows you to access your funds in the following ways:

Visa card
Credit card sweep - clears your credit card every month automatically adding the balance onto your mortgage loan amount, eliminating late fees.
3rd party protocol friendly - allows organisations to automatically debit from your account, ie pay phone bill
VISA card available on request (linked to your home loan)
BPay Out (money directly out of your home loan)
Debit card - allows you access to your money from an ATM
Same day redraw
Unlimited Free Internet Redraws (to nominated account)
Pay-Anyone facility (Electronic Funds Transfer - EFT)

Repayments

The Mortgage House Conservative Home Loan offers the following mortgage repayment options:

Free Direct Credit - Available to any 3rd party institution
Have all or part of your pay directly deposited into your home loan account weekly, fortnightly or monthly without paying a fee
Unlimited Free Direct Debit - borrowers can have their repayment drawn from a nominated bank account weekly, fortnightly or monthly
Australia Post Deposit - allows you to put money on your home loan at an Australia Post office
Bpay In (pay your home loan using BPay)
Principal and Interest home loan repayments up to 30 years
Interest Only home loan repayments up to 10 years