Toggle Offset Home Loan

Take our Quick Quiz to find out if you better suited to a Fixed Rate Home Loan or a Variable Rate Home Loan.

If you are still undecided on whether you want a variable or fixed rate home loan, you are not alone. Most customers ask us this question and are also after the pros and cons associated with a fixed or variable home loan.

We used to show our customers the pros and cons, but now we just go straight to the Toggle Offset Home Loan incorporating the best of both worlds.

The Mortgage House Toggle Offset home loan is the innovative new loan that allows you to maximise your interest savings through our intelligent offset Toggle system.

Example:

The Toggle Offset home loan has two parts, where half your mortgage repayments are on a fixed interest rate and the other half is on a variable interest rate and both have their own offset accounts. You are then able to switch (toggle) between the two offset accounts to ensure you are always offsetting the account with the higher interest rate and gaining the most savings.

Note: Interest rates displayed above are for demonstration purposes only. Click on a Toggle Offset Home Loan product below to view current interest rates.

Mortgage House offers an extensive range of Toggle Offset Home Loans.

Click on one of our Toggle Offset home loans below for further information.

Toggle Offset Home Loan

FREE Home loan application and property valuation (for a limited time)
No ongoing fees for the life of the loan
Loan can be used for construction
Available as a Full Doc and Low Doc home loan
Borrow up to 95.0000 of the property's value
100% interest offset accounts
Up to 30 years home loan terms
Includes a Visa card
24/7 internet access to your home loan
Suitable for Relocation - saving you loan stamp duty and discharge fees, if you move.
$20 worth of Free transactions every month

If you are still unsure about the pros and cons of Fixed or Variable loans, read through the table below which highlights common concerns customers have regarding Fixed Home Loans and Variable Home Loans. This table also details ways the Toggle Offset Home Loan addresses these concerns to provide you with a single solution encompassing the best features from both options.

FIXED HOME LOANS	TOGGLE ANSWER
Generally have higher interest rates than variable home loans (at least in the early days)	Only 50% of the loan is at the Fixed interest rate and has it's own offset account to maximise your interest savings
No flexibility	Flexibility to move money around between the two offset accounts to reduce the amount of interest payable
Offset Accounts are not normally available on fixed loans	Ability to offset the Fixed and Variable portions of the Toggle Home loan
Unable to make additional mortgage repayments	Ability to make additional mortgage repayments without charge on both portions of the home loan
Unable to reduce the loan term due to fixed mortgage repayments	Ability to reduce the home loan term by offsetting the interest as well as making additional mortgage repayments
Concerned interest rates will fall and being left to pay a higher interest rate	50% of the loan is variable and can benefit from any reductions in interest rates
VARIABLE HOME LOANS	TOGGLE ANSWER
Concerned interest rates will rise and not being able to make the repayments	50% of the loan is fixed, minimising the impact of rate rises on your cash flow
Unable to manage cash flow effectively	Better ability to manage cash flow through half the loan amount being on a fixed interest rate, minimising the impact of movements in interest rates.

The Toggle offset home loan was created to accommodate the changing financial pressures faced by mortgage owners and economic uncertainty, both in recent times and predicted for the future. Borrowers have been looking for a home loan product that allays their fears of changing interest rates and provides them with the functionality to better manage their money, maximise their interest savings through offset accounts and the removal of ongoing fees.