In the current climate of rising interest rates, Australian home lender Mortgage House has announced the release of a new home loan product.
A key feature of the new product is its ability to operate as a standard bank account, and at 5.99% the Vantage Offset Home Loan Package is priced at 0.75% to just over 1% cheaper than the standard variable rate currently being offered by any of the big four banks.
The Vantage comes with its own BSB and account number, which enables the account holder to provide this information for direct debit and direct credit functionality.
Customers can have bills debited and income credited to their account.
The mortgage facility also includes a Visa debit card, cheque book and 100% interest offset account.
"Mortgage House is proud to be bringing true competition back to the home lending market. The Vantage Offset Package offers customers a real choice, with a real balance between features and pricing," said Ken Sayer managing director at Mortgage House.
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