Chameleon - Executive Investment Home Loan 60
Interest Rate
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p.a
Comparison Rate^
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p.a
Key Features
Additional Repayments
Loan Type
MIn & Max Loan
Application Fee
Settlement Fee
Discharge Fee
Following the Reserve Bank of Australia’s (RBA) decision to decrease the official cash rate, we announced a 0.25% per annum (p.a.) decrease to our variable home loan interest rates, for new and existing home loans. These variable rate changes will come into effect on Friday 6th June 2025
Introducing the Executive Home Loan – Your Key to Unlocking Your Dream Home!
If you’ve diligently built up substantial equity in your property and are currently employed by one of our qualifying employers listed under Essentials Employer’s List (which includes all Government Employees and the Top 200 ASX listed companies), then look no further! The Executive Home Loan is tailor-made for you.
This exceptional home loan is jam-packed with a myriad of outstanding features, offering you the financial flexibility and freedom you deserve. But that’s not all! The Executive Home Loan comes with a market-leading variable interest rate, ensuring that you benefit from one of the best rates in the market.
Whether you’re in pursuit of your next dream home or planning to refinance for substantial savings, the Executive Home Loan is your gateway to a brighter future. Don’t miss out on this incredible opportunity – contact us today to seize the keys to your dream home and secure your financial aspirations!
Repayment Calculator
Important Disclaimer: This is intended as a guide only. Details of terms and conditions, interest rates, fees and charges are available upon application. Mortgage House’s prevailing credit criteria apply. Please note that your actual fortnightly repayment would be equal to the monthly repayment amount divided by two. Weekly repayments would equal the monthly repayment amount divided by four. If you choose to pay fortnightly or weekly, your actual repayments will be higher than repayments shown on this page. You can reduce the term of your loan if you choose to make repayments fortnightly or weekly. We recommend you seek independent legal and financial advice before proceeding with any loan.
Loan Details
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Interest RateComparison RateThe Comparison Rate is based on a loan of $150,000.00 over 25 years. 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.
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Investor5.59% p.a.5.63% p.a.
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Maximum LVR60%
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Minimum Loan Size$150,000.00
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Maximum Loan Size$1,500,000
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Fixed Rates
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Loan SplittingThe ability to have many separate accounts under one loan for which there may be multiple purposes, e.g personal and investment splits, fixed and variable splits, etc.Yes
- Repayment Options
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Principal & InterestA loan in which both the principal and the interest are repaid over the term of the loan. Amortisation or amortising is another word for these loans that are gradually being paid off over a set period of time (the loan term). P&I can also be the abbreviation term for Principal & Interest.Yes
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Interest Only
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Additional RepaymentsMoney IN - Allows you to make additional repayments without penalty.Yes
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Direct DebitsMoney IN - A direct debit is an automatic payment that is set up to repay your home loan. You specify the frequency and repayment amount as well as the bank or transaction account that the repayment is to be drawn from and this payment will occur automatically on the set due date.Yes
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Salary CreditMoney IN - A manual payment to a loan account either via internet transfer or employee payroll transferYes
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Direct CreditsMoney IN - The ability for an external party to pay directly into a borrower's loan accountYes
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Deposit CardMoney IN - A card used at the post office to deposit your repayments (they can be your normal repayments that are due or additional repayments)Yes
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Bpay InMoney IN - The ability to pay your loan via a unique biller code from another financial institutionYes
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Capitalising of Interest
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Line of Credit
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- Loan Purpose
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PurchaseWhere you are buying a propertyYes
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RefinanceWhere you are looking to move your current loan from one lender to anotherYes
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Debt Consolidation
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Construction
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Vacant Land
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Equity Release
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Business Purpose
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- Features
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100% Offset Facility
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Redraw FacilityMoney OUT - If you have made any lump sum or additional principal repayments to your loan account in excess of the standard repayment amount, you can access or draw back those extra repayments.Yes
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No Monthly Fees
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No Package Fee (excluding Stretch Feature)No fee to pay each & every year.Yes
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No Rate Lock Fee
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Stretch Package Feature
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Low Deposit Option
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Toggle Feature
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Relocation Feature
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Repayment Sweep of Credit CardMoney OUT - Allows your loan to automatically clear your credit card linked to this loan back to zero each month.
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Internet AccessThe access via the internet to view & administer your home loan.Yes
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Phone AccessThe access via the phone to administer your home loan.Yes
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ATM / EFTPOS Debit CardMoney OUT - An ATM card is included on this loan in order for you to withdraw cash or make purchases for living purposes.Yes
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3rd Party Direct DebitsMoney OUT - You can pass your loan account number & BSB to another financial institution in order to take money periodically from your home loan account.
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Repayment RequiredEach repayment cycle (normally monthly) a repayment must be made, regardless if you have redraw available in the loan account.Yes
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Cheque Book
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LMI Premium Capitalisation
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3rd Party Protocol FriendlyMoney IN and Money OUT - A payment made to a loan account or an amount taken from a loan account either via internet transfer, employee payroll transfer or by an external party
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Loan SwitchingYou can switch you loans variable interest rate to a fixed interest rate (subject to the terms and conditions of your loan)Yes
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Up to 40 Year Loan Term
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Up to 30 Year Loan Term
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Up to 25 Year Loan Term
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SMSF Loans
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Deposit BondA deposit bond acts as a substitute for the cash deposit in between signing a contract and settlement and can be issued for all or part of the deposit amount required, up to 10% of the purchase price. At settlement, the purchaser is required to pay the full purchase price including the deposit.Yes
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NRAS Option
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Bpay OutMoney OUT - The ability to pay your loan via a unique biller code to another financial institutionYes
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No LMI Premium Payable By Borrower
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Mortgage Insurance not Required
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Loan PortabilityA feature that enables a home loan to be transferred from one property to another, without refinancing. It can be of benefit by savings on loan set-up fees and government loan security duty.Yes
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- Fees
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Monthly FeeNo monthly fee
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Package FeeNo package fee
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Rate Lock FeeNo rate lock fee
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Application FeeNo application fee
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Valuation FeeUp to $300 free^
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Settlement Fee$499
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Discharge Fee$500
^Mortgage House will pay up to $300 per property, any excess valuation fees are payable by the borrower(s) -
What are the features of investment home loans such as these?
Mortgage House investment home loans can come with a raft of special features, and our Advantage Investment Home Loan 80 (Special) is no exception. Buying an investment property can be beneficial in the short and long term, with rental income helping cash flow almost immediately, and the possibility of the increase of your investment’s value the longer you hold it for. This mortgage can be used to either purchase an investment property, or refinancing an existing mortgage. Giving your mortgage a health check from time to time is always a good idea. It can make sure your home loan changes with your financial and personal needs. One of the key features of this mortgage is its low fees. There are no monthly or application fees, which goes part of the way to explaining the low comparison rate. Comparison rates are required to be advertised by law, and are a way of giving consumers an idea of the total cost of the loan over its life. It is one way of including the likely fees and charges you may face, and giving you a chance to compare it to the advertised interest rate.
How can I compare Mortgage House’s best variable home loan rates?
Our Advantage Investment Home Loan 80 (Special) is a variable interest rate mortgage, meaning the interest rate can increase and decrease over the life of the loan, influenced by a range of both internal and external factors. Variable loans are flexible and popular, and as such there are a lot to choose from, whether you are looking for a loan for a home to live in, or looking to invest. Choice means competition, and finding a suitable variable interest rate can be difficult. At Mortgage House, we can do all the hard work for you. Our Best Rate Mortgage Calculator can help you compare the interest rates of all Mortgage House variable investment loans, as well as the comparison rates and repayment options. If you want to compare more than just variable interest rates, we can help you out there, too. You can compare up to 5 Mortgage House loans at the one time, looking at all the features, details, purposes, repayment options and fees side by side. This comprehensive comparison can make choosing a suitable variable investment loan easier.
What other mortgage calculator options are there?
As well as our Best Rate Mortgage Calculator, we have a range of other mortgage calculators that can help you in your search for a suitable investment mortgage. We have repayment and borrowing calculators, as well as a range of other practical calculators that can help you on your journey. Our Stamp Duty Calculator can tell you how much stamp duty you will pay on your property purchase, no matter which state you buy in. Our Switching Mortgage Calculator is popular with a lot of our customers. It lets you see how much money you can save by switching loans, and compare different repayment options. We also have a calculator that can help with your budgeting. Saving for a deposit, and working out what repayment amount can suit your budget can be difficult. Our budget calculator can condense all your incomes and expenditure in one easy-to-understand table, giving you a clearer picture of your financial situation going forward. We know how important information is and that is why we pride ourselves on having such a wide and varied range of mortgage calculators.
Can I make extra loan repayments?
Knowing what your repayments can be before you apply for a loan is information that is always valued by our customers. Our Mortgage Repayment Calculator can give you that information with ease. But what if you want to make extra repayments? The repayment calculator will show you how much interest you will pay over the life of a loan, and repaying more than the minimum amount can reduce that number significantly. With our Advantage Investment Home Loan 80 (Special) you can make extra repayments without being penalised, and you can even drawdown on them whenever you want to, with our Redraw feature. You won’t be charged, and as long as your minimum repayments are up to date, you can do it whenever you want.
Where can I find loan amount information?
You can borrow a minimum of $500,000 with this mortgage, and there is no maximum amount. It has a Loan-To-Value Ratio (LVR) of 80%, which means you can borrow up to 80% of the value of the property you are looking to purchase. One of our mortgage calculators can give you an indication of how much you can borrow, even before you have applied for a loan. Simply enter your information into our borrowing calculator, and we will provide you with a figure that you can use as a guide going forward. If you are looking for a higher figure, contact our expert lenders and they will work to help you achieve your property goals.
FAQ's
How much deposit do I need?
Generally speaking, a deposit of 20% of the value of the property will save you from incurring additional fees such as Lenders Mortgage Insurance. Some lenders will let you borrow up to 95% of the purchase price and then let you borrow the cost of the Lenders Mortgage Insurance on top of that. Alternatively, if you don’t have a deposit, you can borrow up to 100% of the property’s purchase price, in two ways:
- Family Pledge: which means that a family member offers their property as security for you to purchase your property.
- 100% House and Land packages: allow you to borrow up to 100% of the price of the brand new home and land.
I have been pre-approved – what does this mean?
This means that a quick check on your serviceability of a loan has been done and it is calculated that you should be able to make mortgage repayments on the amount you have been pre approved for. However, it is not binding and cannot be used to make an offer on a property. It is important to get a full or unconditional approval before proceeding with any property purchase. This involves completing a home loan application and providing all the necessary supporting documentation. (See our home loan application checklist)
What documents do I need to gather to apply for a loan?
You can view and print off your Loan Application Documentation Checklist here.
What is Lender’s Mortgage Insurance?
Lender’s Mortgage Insurance, as the name states, protects the Lender not you as the borrower. Lender’s Mortgage Insurance (LMI) is a once off fee that normally applies to loans where the customer is borrowing more than 80% of the purchase price. LMI is scaled depending on the percentage you need to borrow (between 80 – 100%) and the amount of the loan (ie, $650,000). LMI can start from $800 and range up to nearly 4% of the loan amount. You have two options to pay this fee.
- You can pay it upfront on settlement of the loan.
- Some lenders allow you to capitalise the cost of your LMI, meaning that they will add this figure to your loan amount. For example, if you are borrowing $650,000, your LMI may work out to be $7000. You would actually increase your loan amount to now borrow $657,000 ($650,000 + $7,000).
