Pure & Simple Home Loan

The Pure & Simple Home loan suits borrowers looking for a budget mortgage interest rate without the fees. No application fee. No monthly fee. No annual fee.

Pure & Simple Home Loan

Budget mortgage interest rate: 6.44% p.a. (comparison rate 6.46% p.a.)
Borrow up to 80% of the value of the property
Available as a Fixed , Variable or Split home loan
Up to 30 years loan terms
FREE home loan application (for a limited time)
Suitable for home loan amounts up to $600,000.00
Loan can be used for construction

Free Home Loan Application and Valuation for a limited time (save over $300).

Fixed Rates

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

Features

The Mortgage House Pure & Simple Home Loan includes the following features:

No ongoing fees for the life of the loan
Suitable for mortgage amounts up to $600,000.00.
Ability to borrow up to 80% of the value of the property (exclusive of Lender's Mortgage Insurance)
Redraw facility
24/7 internet access to your home loan account
Ability to make extra mortgage repayments without charge
Interest calculated daily and charged monthly

Options

Available options on the Mortgage House Pure & Simple Home Loan:

Fixed interest rate
Variable interest rate
Split home loan
Principal and Interest loan repayments
Interest only home loan

Suitability

This home loan is suitable for:

First home buyers and next home buyers looking for a budget interest rate that doesn't have ongoing fees
Homeowners wanting to refinance their current home loan looking for a cheaper interest rate to pay their mortgage off sooner
Customers looking to refinance with the purpose of debt consolidation or to create wealth using the equity in their home
Customers looking to build their home and require a construction loan
Companies and Trusts requiring a home loan or want to refinance a mortgage

Access

You can access the funds in from your Mortgage House Pure & Simple home loan account via:

Same day transfers (telegraphic transfer)
Electronic link to nominated accounts
Unlimited free internet redraws
Pay Anyone (EFT)

Repayments

The Mortgage House Pure & Simple Home Loan offers the following mortgage repayment options:

Free Direct Credit - allows you to make a payment to a 3rd party
You can have all or part of your pay directly deposited into your home loan account weekly, fortnightly or monthly
Unlimited Free Direct Debit - borrowers can have their home loan repayment drawn from a nominated bank account weekly, fortnightly or monthly
Principal and Interest home loan repayments up to 30 years
Interest Only home loan repayments up to 10 years