Equity Gold Line of Credit Home Loan

The Mortgage House Equity Gold Line of Credit Home Loan offers the flexibility of a home loan with the advantages of a line of credit facility and a secured Visa card at home loan interest rates.

Equity Gold Line of Credit Home Loan

A low mortgage interest rate starting from 5.51% p.a.
Borrow up to 95% of the property's value
Choose from a Fixed , Variable or Split home loan.
Up to 30 years home loan terms
Available as Full Doc, Low Doc and Mere Doc
24/7 internet access to your home loan account
Unlimited Free redraw facility
Extra mortgage repayments permitted without charge
Visa card
Visa credit card (secured) - at home loan interest rates
FREE Home loan application (for a limited time)
Minimum loan amount - $20,000.00, no maximum loan amount

Variable Rates

Product Name	Interest Rate	Comparison Rate	Loan Amounts
Advantage Equity Gold	5.41% p.a.	5.60% p.a.	For amounts from $750,000.00.
Advantage Equity Gold	5.51% p.a.	5.70% p.a.	For amounts between $20,000.00 and $750,000.00.

Low Doc Rates

Product Name	Interest Rate	Comparison Rate	Loan Amounts
Advantage Equity Gold	6.96% p.a.	7.14% p.a.	For amounts from $20,000.00.
Advantage Equity Gold	6.71% p.a.	6.89% p.a.	For amounts from $20,000.00.

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

The Mortgage House Equity Gold Line of Credit Home Loan includes the following features:

Suitable for home loan amounts greater than $20,000.00
Ability to borrow up to 95% of the value of the property
24/7 internet access to your home loan
$20 worth of Free transactions every month
Visa card (debit or credit)
Interest is calculated daily and charged monthly
Ability to capitalise interest - allowing you to not make a home loan repayment whilst the loan's available balance (i.e. redraw amount) is greater than the minimum payment due

Options

Available Options on the Mortgage House Equity Gold Line of Credit Home Loan:

Fixed Interest Rates
Variable Interest Rates
Split Home Loan
Available as Interest Only or Principal & Interest
Borrow up to 95% of the value of the property (Principal & Interest)
Interest Only home loan repayments up to 95% of the value of the property
Home loan terms up to 25 years for Principal and Interest mortgage repayments
Home loan terms up to 10 years for Interest Only mortgage repayments
Full doc home loans
Low doc home loans - borrow up to 60% of the value of the property - for purchase, construction refinance, debt consolidation and cash out.
Low doc home loans - borrow up to 70% without Lender's Mortgage Insurance, plus no BAS requirements or trading statements

Free and Unlimited Options

Internet redraws
Internet deposits
EFTs (Electronic Funds Transfers)
Phone redraws
BPay In
BPay Out
24/7 phone banking
Direct debit accounts
Direct salary crediting
Scheduled payment service

Suitability

The Mortgage House Equity Gold Line of Credit home loan is suitable for:

First home buyers and next home buyers who want a low mortgage interest rate and the ability to use their home loan like a bank account with a BSB and account number.
Homeowners wanting to refinance their current home loan and who may also want to start an investment property portfolio by accessing the equity in their home
Customers looking to refinance with the purpose of debt consolidation enabling them to make one loan repayment per month and will benefit from a secured Visa card (at home loan interest rates)
Customers looking for a fixed rate home loan and wanting the flexibility of an offset account and ability to make additional mortgage repayments without incurring additional fees
Customers who require the extra flexibility of VISA facilities at standard home loan rates
Property investors and home buyers looking for a loan with an interest only period of up to 10 years
Borrowers can be individuals, company or trustees.

Access

3rd Party Direct Debit (pay bills directly out of your home loan)
Credit card sweep - this allows you to automatically clear your credit card each month by adding the credit card balance onto your mortgage, avoiding late fees.
VISA card available on request (linked to your home loan)
Debit card - allows you access to your money from an ATM
BPay out (money directly out of your home loan)
Redraw facility - same day redraw from your account
Unlimited Free internet redraws (to nominated account)
Pay-Anyone (EFT) (money directly out of your home loan)
Free ATM withdrawals (from Suncorp, Bendigo Bank and Adelaide Bank ATMs)
Forward scheduling payments
Australia Post deposit and withdrawal

Repayments

Free direct salary crediting allows you to have your pay directly deposited into your home loan account weekly, fortnightly or monthly
Free direct credit - allows any 3rd party institution to pay into your account
Unlimited free direct debit - borrowers can have their repayment drawn from a nominated bank account weekly, fortnightly or monthly
Australia Post Deposit (money directly credited to your home loan)
Bpay In (money directly credited to your home loan)
Extra home loan repayments permitted without charge