Peak Home Loan
The Peak home loan is one of the only mortgage products on the market that
allows you to borrow up to 95% of the purchase price of your property and even
lets you capitalise Lender's Mortgage Insurance on top of that, meaning you
don't have to save for such a big deposit.
Peak Home Loan
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Mortgage interest rates starting from
6.49% (comparison
rate
6.51%)
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Suitable for home loan amounts greater than $10,000.00.
No maximum loan amount
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Choose from a Fixed , Variable or Split home loan. (Now also available as a
Toggle Offset Home Loan!)
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Borrow up to
95%
of the property's value
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Up to 30 years
loan terms
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FREE Home loan application (for a limited time)
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No ongoing fees for the life of the home loan
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Variable RatesProduct Name | Interest Rate | Comparison Rate | Loan Amounts | Peak Home Loan | 6.49% p.a. | 6.51% p.a. | For amounts greater than $10,000.00 | Peak Plus Home Loan | 6.49% p.a. | 6.51% p.a. | For amounts between $250,000.00 and 650,000.00 | Peak Max Home Loan | 6.49% p.a. | 6.51% p.a. | For amounts greater than $650,000.00 |
Fixed RatesProduct Name | Interest Rate | Comparison Rate | Peak - 1 Year Fixed | 6.17% p.a. | 6.97% p.a. | Peak - 2 Years Fixed | 6.28% p.a. | 6.89% p.a. | Peak - 3 Years Fixed | 6.40% p.a. | 6.84% p.a. | Peak - 4 Years Fixed | 6.59% p.a. | 6.94% p.a. | Peak - 5 Years Fixed | 6.80% p.a. | 6.97% 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 Peak home loan contains the following features:
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Lock in your interest rate for 2 months from the date your mortgage is approved
for Free!
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Borrow up to
95%
of the property's value
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$20 worth of Free transactions every month
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100% interest offset capability
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Visa card
Options
Available Options on the Mortgage House Peak Home Loan:
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Fixed interest rates (including Progressive Fixed Interest Rate)
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Variable interest rates
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Split home loan
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Toggle Offset home loan - Click for more information
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Principal and Interest mortgage repayments up to 95% of the property's value
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A Progress Fixed Interest Rate home loan allows you to make additional mortgage
repayments on the fixed portion of your loan without incurring a fee.
Suitability
The Mortgage House Peak Home Loan is suitable for:
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Home buyers who have only saved a small deposit
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First home buyers and next home buyers
after a low mortgage interest rate who want the ability to use their home loan
like a bank account with a BSB and account number, including a Visa card
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Customers looking to build their home and require a construction loan
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Suitable for Trusts and Companies
Access
The Mortgage House Peak home loan allows you to access your funds in the
following ways:
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3rd party direct debit (money directly out of your home loan)
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Automatic credit card sweep - allows you to clear your credit card every month
adding the balance to your mortgage account.
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3rd party protocol friendly - allows organisations to automatically debit from
your account, ie pay phone bill
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VISA card available on request (linked to your home loan)
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BPay out (money directly out of your home loan)
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Debit card - allows you access to your money from an ATM
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Same day redraw (telegraphic transfer)
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Unlimited free internet redraws (to nominated account)
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Pay-Anyone (EFT) using money directly out of your home loan account
Repayments
The Mortgage House Peak home loan allows you to make mortgage repayments in the
following ways:
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Free direct credit - available to any 3rd party institution
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Free direct salary crediting allows you to have either part or all of your
salary directly deposited into your mortgage account automatically
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Unlimited free direct debit - borrowers can have their repayment automatically
drawn from a nominated bank account weekly, fortnightly or monthly
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Ability to pay your home loan account at an Australia Post office
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Bpay In (money directly credited to your home loan)
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Principal and Interest home loan repayments up to 30 years
Where to go from here:
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