Non-major lender Mortgage House has announced its new special low variable rate of 5.46%p.a. (with a comparison rate of 5.51%p.a. reflecting the discount for the life of the loan) for the Advantage Home Owner Occupied Home Loan.
For a limited time, borrowers can take advantage of an additional 0.2% off the already available variable rate.
The Advantage Home Loan range allows customers to borrow up to 99% of the property value of their home and has been awarded the highest CANSTAR rating of five stars for Outstanding Value, according to managing director, Sarah Roberts.
“We are delighted to offer this fantastic rate to customers who intend to purchase, refinance or build their home,” she adds.
The home loan is available for refinance, construction or relocation loans with loan terms up to 30 years. Customers also receive free online and mobile banking and five-year fixed rate options.
“The Advantage Home loan puts customers in control by combining a fully featured home loan with all the benefits of a transactional 100% offset account,” says Roberts. “This allows customers to see at a glance what you owe and what you own because the offset balance is shown separately.”