No Fee Home Loan
The Mortgage House No Fee Home Loan finally provides you with a list of 'NOs'
you actually want to hear from your home loan lender, such as No ongoing fees,
No application fee, No settlement fee etc. You can save thousands on establishment,
ongoing and discharge fees.
The table below details indicative amounts for several fees that are waived with
the Mortgage House No Fees Home Loan.
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Mortgage House
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SAVINGS based on a $350K loan
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Title Insurance Fee
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NIL
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$100
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Delayed Settlement Fee
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NIL
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$200
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Lender's Legal Costs
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NIL
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$370
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Application or Establishment Fee
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NIL
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$300
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Top Up Fee
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NIL
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$295
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Valuation Fee
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NIL
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$200
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Settlement Fee
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NIL
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$299.95
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Guarantee Fee
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NIL
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$200
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Variation Fee
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NIL
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$295
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Monthly or Annual Fees
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NIL
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$6000 ($200 p.a. x 30 yrs)
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Discharge Fee
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NIL
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$750
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LMI Recovery Fee
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NIL
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up to $3500
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Additional Statement Fee
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NIL
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$10
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Document Request Fee
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NIL
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$100
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No Fees Home Loan
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6.74% p.a. interest
rate for loans that are equal to or less than
60%
of the property price (comparison rate of
6.74%
p.a.)
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6.79% p.a.
interest rate for loans that are equal to or less than
60%
of the property price (comparison rate of
6.79%
p.a.)
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Borrow up to
60%
of the property's value
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Suitable for home loan amounts between $50,000.00
and $600,000.00.
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Up to 30 years
loan terms
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No home loan application fee
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No valuation fee
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No ongoing fees, ever!
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No Lender's legal costs
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No settlement fee
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No guarantee fee
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No title insurance fee
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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 No Fees home loan includes the following features:
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Portability - allowing you to take your mortgage with you saving in exit fees,
deferred establishment fees and mortgage stamp duty
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24/7 internet access to your home loan account
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Unlimited free redraw facility
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Mortgage interest calculated daily and charged monthly
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Same day redraw for quick access to your funds
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1 free split
Options
Available options on the Mortgage House No Fees Home Loan include:
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Variable interest rate
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Split home loan (1 free split)
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Principal and Interest home loan repayments
Suitability
This No Fees home loan is suitable for:
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First home buyers and next home buyers
looking for one of the cheapest interest rates and no ongoing fees for the life
of the home loan
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Homeowners wanting to refinance
their current home loan and looking for a very low interest rate
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Customers looking to refinance their mortgage with the purpose of debt
consolidation of items such as store cards, credit cards or
personal loans
Access
The No Fees home loan allows you to access your funds in the following ways:
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Unlimited free internet redraws (to nominated account)
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Pay-Anyone - EFT (money directly out of your home loan)
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Same day redraw (telegraphic transfer)
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Electronic link to nominated accounts
Repayments
The Mortgage House No Fees Home Loan offers the following mortgage repayment
methods:
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Direct credit - available to any 3rd party institution
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Direct salary crediting - you can have all or part of your pay directly
deposited into your home loan account weekly, fortnightly or monthly
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Unlimited free direct debit - borrowers can have their home loan repayment
drawn from a nominated bank account weekly, fortnightly or monthly
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Bpay In (money directly credited to your home loan)
Where to go from here:
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