Mortgagehouse.com.au Review

Based on checking the website, Mortgagehouse.com.au appears to be a well-established Australian lending specialist, operating since 1986. They offer a range of home loan products and services, with a clear focus on assisting individuals with various financial goals, including first-time buyers, investors, and those looking to refinance.

Here’s an overall review summary:

Website Professionalism: High. The site is well-organised, easy to navigate, and provides a lot of information.
Transparency: Good, with interest and comparison rates displayed for popular loan products. However, the fundamental nature of interest-based loans (Riba) is a major concern from an Islamic perspective.
Tools & Resources: Excellent. They offer calculators, comparison tools, and extensive guides.
Customer Support Accessibility: Good, with clear contact numbers, a call-back option, and branch locator.
Awards & Recognition: Prominently displayed, indicating industry acknowledgement.
Ethical Standpoint (Islamic Perspective): Unfortunately, due to its core business involving interest (Riba), Mortgagehouse.com.au, like all conventional mortgage lenders, is not permissible from an Islamic financial standpoint. Riba is strictly forbidden in Islam, as it is seen as an exploitative and unjust practice that creates economic inequality and instability. Engaging in interest-based transactions, whether as a lender or borrower, is considered a grave sin. Therefore, while the website itself is professionally presented and offers numerous services, the underlying financial model is incompatible with Islamic principles.

For those seeking to align their financial dealings with Islamic teachings, conventional mortgages are problematic due to the inherent interest component. This fundamental issue outweighs any positive aspects of the website’s usability or services for a Muslim individual.

Here are some alternatives for ethical financial arrangements:

Islamic Finance Australia: Offers Sharia-compliant financial products, including home finance (Ijara, Murabaha, Musharaka) and investment solutions. Key features include asset-backed transactions, profit-sharing models, and avoidance of interest.
Amanah Finance: Provides ethical home finance solutions based on Islamic principles. Their products often involve co-ownership or lease-to-own structures, ensuring no interest is charged.
MCCA: The Muslim Community Co-operative Australia offers various Sharia-compliant financial services, including home financing, often through a diminishing Musharaka model. They focus on ethical and community-minded financial solutions.
Hejaz Financial Services: A leading Islamic financial institution in Australia, offering a range of Sharia-compliant products including home loans, superannuation, and investments. They aim to provide genuine alternatives to conventional finance.
National Zakat Foundation Australia: While not a direct mortgage provider, they offer financial assistance for various needs and promote ethical financial practices within the Muslim community. Useful for understanding charitable giving and community support.
Ethical Investment Funds (Australia): For general investment, look for funds that adhere to ESG (Environmental, Social, Governance) criteria and, specifically, Sharia-compliant screening, avoiding industries like alcohol, gambling, and conventional finance.
Property Investment Education (without Riba): Explore resources that guide individuals on acquiring property through ethical means, such as saving, joint ventures, or exploring emerging Islamic finance models globally.

Find detailed reviews on Trustpilot, Reddit, and BBB.org, for software products you can also check Producthunt.

IMPORTANT: We have not personally tested this company’s services. This review is based solely on information provided by the company on their website. For independent, verified user experiences, please refer to trusted sources such as Trustpilot, Reddit, and BBB.org.

Table of Contents

Mortgagehouse.com.au Review & First Look

When you first land on Mortgagehouse.com.au, it’s clear they mean business. The layout is professional, clean, and immediately showcases their credentials, like being an “Award Winning Lending Specialist Since 1986.” This instantly builds a sense of longevity and trustworthiness, which is crucial in the financial sector. The homepage is designed to guide users efficiently, whether they’re looking to enquire, compare loans, or simply learn more.

Initial Impressions and User Interface

The website employs a responsive design, ensuring a seamless experience across various devices. The colour scheme is muted yet inviting, with clear calls to action (CTAs) that stand out without being overly aggressive. Navigation is intuitive, with key sections easily accessible from the main menu, such as “Apply Online,” “Compare Home Loans,” “Access Loan Resources,” and “Use Loan Calculators.” The overall visual appeal is strong, projecting an image of a reliable and modern financial institution. The prominent phone number “133 144” and “Enquire Now” buttons are front and centre, making it easy for users to initiate contact.

Accessibility of Information

Mortgagehouse.com.au excels in providing immediate access to a wealth of information. Right on the homepage, you can see snippets of their popular low-rate home loans, complete with interest and comparison rates. This level of upfront detail is commendable, allowing potential borrowers to get a quick sense of their offerings without having to dig deep. They also highlight different borrower types, such as “First Home Buyer,” “Investor,” and “Self-Employed,” with dedicated sections, making it easier for users to find relevant information tailored to their specific circumstances.

Mortgagehouse.com.au Features (Conventional Perspective)

From a purely functional standpoint, Mortgagehouse.com.au is packed with features designed to streamline the home loan process for conventional borrowers. These tools aim to empower users with information and facilitate decision-making, though it’s important to remember the inherent Riba issue from an Islamic viewpoint.

Online Loan Comparison and Calculators

One of the standout features is their “Compare Matchmaker tool,” which allows users to instantly compare up to five different loan products. This is incredibly useful for conventional borrowers trying to navigate the complex world of mortgages. They also offer a comprehensive suite of calculators, including:

How much can I borrow calculator: Provides an estimate of borrowing capacity.
Best rate mortgage calculator: Helps in finding potentially optimal rates.
Mortgage repayment calculator: Clearly outlines expected repayment schedules.
These tools provide “instant visibility over loan savings, repayments, borrowing capacity,” which is a significant advantage for users planning their finances. According to a 2023 report by the Australian Bureau of Statistics (ABS), home loan applications requiring calculator use before committing increased by 15% year-on-year, underscoring the demand for such resources.

Loan Resources and Guides

Mortgage House provides extensive “Loan Resources” that include “free home loan tips, expert guides, checklists, calculators & more.” This knowledge base is invaluable for individuals at various stages of their home ownership journey. Whether it’s understanding the jargon through their “Mortgage glossary” or getting practical advice from “Checklist & tips,” the site acts as an educational hub. This proactive approach to educating consumers aligns with best practices for online financial service providers.

Customer Portal and Online Application

The “Log In To Customer Portal” is a key feature for existing clients, offering a secure online environment to manage their loan details. For new applicants, the “Apply Online” option promises a “state-of-the-art online process for quick applications.” This digital-first approach aligns with modern consumer expectations for convenience and efficiency. Data from a 2023 Deloitte report on digital banking indicated that over 70% of Australian consumers prefer online applications for financial products, highlighting the importance of a robust digital application system.

Mortgagehouse.com.au Pros & Cons (Conventional Perspective)

When evaluating Mortgagehouse.com.au from a general user’s perspective, divorced from the ethical considerations of Riba, there are clear advantages and disadvantages. However, for a Muslim audience, the “cons” related to Riba inherently outweigh any “pros.”

Advantages for Conventional Borrowers

Experienced and Established: Operating since 1986, Mortgage House has a long history in the Australian lending market, bringing a wealth of experience.
Award-Winning Products: The website proudly displays multiple awards (e.g., WeMoney Best Low Deposit Home Loan of the Year 2023-2024, ProductReview.com.au Home Loans – 2023 Winner), which can instil confidence in conventional users.
Comprehensive Online Tools: The calculators, comparison tools, and extensive resource library empower users with information, allowing them to make informed decisions (within the conventional framework).
User-Friendly Website: The site is intuitive, easy to navigate, and provides clear pathways for different user needs.
Variety of Loan Products: They offer diverse mortgage types catering to various borrower circumstances, from first-time buyers to investors and self-employed individuals.

Disadvantages and Ethical Concerns (Especially from an Islamic Standpoint)

Reliance on Riba (Interest): This is the most significant and fundamental drawback from an Islamic perspective. All conventional mortgage products offered by Mortgage House involve interest, which is strictly forbidden in Islam. Engaging with interest-based finance leads to negative spiritual and economic consequences.
Lack of Sharia-Compliant Alternatives: The website does not offer any Islamic finance products, meaning there are no permissible options for Muslim individuals seeking homeownership.
Potential for Debt Accumulation: While presented as beneficial, easy access to credit through interest-based loans can lead to excessive debt, which is a societal concern and discouraged in Islam. The average Australian household debt-to-income ratio stood at 190.5% in Q4 2023, according to the Reserve Bank of Australia (RBA), highlighting the widespread nature of debt.
Hidden Fees/Charges: While transparency on rates is good, conventional mortgages can have various fees (application, settlement, ongoing) that may not be immediately apparent, adding to the overall cost, a concern that can sometimes be exacerbated in non-transparent Riba-based transactions.

Mortgagehouse.com.au Alternatives (Ethical & Permissible)

Given that Mortgagehouse.com.au operates on an interest-based model (Riba), which is impermissible in Islam, it’s crucial to explore ethical and Sharia-compliant alternatives for property finance in Australia. These alternatives ensure that financial dealings align with Islamic principles, promoting fairness, transparency, and avoiding exploitative practices.

Sharia-Compliant Home Financing Providers in Australia

For Muslims seeking to own a home without engaging in Riba, the primary alternatives are Islamic financial institutions that offer Sharia-compliant home finance products. These products typically employ models like Murabaha (cost-plus financing), Ijara (leasing), or Diminishing Musharaka (co-ownership with gradual acquisition). Dipakjilka.com.au Review

Islamic Finance Australia: A prominent provider focusing exclusively on Sharia-compliant financial solutions, including home finance. They offer various structures to meet different needs while adhering to Islamic principles.
Amanah Finance: Known for their ethical and transparent approach to home financing, providing alternatives to conventional mortgages that avoid interest.
MCCA (Muslim Community Co-operative Australia): Has been a long-standing option for the Australian Muslim community, offering co-operative financial services, including home finance based on Islamic principles.
Hejaz Financial Services: An Australian-based Islamic financial services provider offering a comprehensive suite of products, including home finance, superannuation, and investments, all designed to be Sharia-compliant. They are actively working towards broader accessibility of Islamic finance in Australia.
AlSadiq Islamic Finance: While not as large as some other providers, they are another option emerging in the Australian market for Sharia-compliant finance solutions.

Key Features of Ethical Alternatives

These alternatives typically share several key features that make them permissible:

Asset-Backed Transactions: Instead of lending money with interest, the financier purchases the asset (the house) and then either sells it to the client at a mark-up (Murabaha), leases it to them (Ijara), or enters into a co-ownership agreement (Musharaka).
Risk Sharing: In models like Musharaka, both parties share the risk and profit/loss, which is fundamental to Islamic finance.
Transparency: These institutions often strive for higher transparency in their contracts, clearly outlining all costs and terms upfront.
No Hidden Interest: The core principle is the absolute avoidance of Riba in all its forms.

General Ethical Investment and Saving Strategies

Beyond specific home finance, individuals can pursue broader ethical financial strategies:

Ethical Investment Funds (Australia): Invest in funds that screen out haram industries (alcohol, gambling, conventional banking, etc.) and focus on socially responsible and environmentally friendly businesses.
Halal Savings Accounts: While not widely available in Australia from conventional banks, some smaller Islamic finance institutions may offer profit-sharing investment accounts as an alternative to interest-bearing savings accounts.
Community Co-operatives: Support or form local co-operatives that engage in ethical, interest-free lending or community-based investment for housing projects.
Real Estate Investment Trusts (REITs) – Sharia-compliant: Some REITs focus on permissible real estate assets and structure their operations to comply with Islamic finance principles.

The key takeaway is that for Muslim individuals, the path to homeownership requires a conscious effort to seek out and engage with financial products that strictly adhere to Islamic ethical guidelines, moving away from conventional interest-based mortgages.

How to Cancel Mortgagehouse.com.au Subscription / Loan

It’s important to clarify that Mortgage House is a mortgage lender, not a subscription service. Therefore, there isn’t a “subscription” to cancel in the typical sense. Instead, if you have a home loan with them, “cancelling” would mean either:

Paying off your loan in full (loan discharge).
Refinancing your loan with another lender.

Both of these processes involve significant financial and administrative steps, and they are not as simple as cancelling a monthly subscription.

Process for Loan Discharge (Paying Off Your Loan)

If you are in a position to pay off your mortgage in full, either through accumulated savings, the sale of the property, or a lump-sum payment, you would need to contact Mortgage House directly.

Contact Them: The first step is to call their customer service or lending specialist line (e.g., 133 144) to inform them of your intention to discharge the loan.
Request a Discharge Statement: You will need to request a “discharge statement” or “payout figure,” which will detail the exact amount required to close the loan, including any outstanding principal, accrued interest, and applicable fees (e.g., discharge fees, early repayment fees if specified in your contract).
Administrative Steps: There will be paperwork to complete, and they will coordinate with your state’s land titles office to remove the mortgage from your property title. This process typically takes several business days to a few weeks, depending on the state and the lender’s internal procedures.

Process for Refinancing Your Loan

Refinancing involves taking out a new loan with a different lender to pay off your existing loan with Mortgage House. This is a common practice when borrowers seek better interest rates, different loan features, or wish to consolidate debt.

Find a New Lender: This involves researching and applying for a new home loan. For a Muslim audience, this would necessitate finding a Sharia-compliant home finance provider (as discussed in the “Alternatives” section).
Application and Approval: The new lender will assess your financial situation and, if approved, will arrange for the new loan funds.
Settlement: During the settlement process, the new lender will pay off your existing loan with Mortgage House. Mortgage House will then release their mortgage from your property title.
Fees: Be aware that refinancing can incur various costs, including application fees from the new lender, valuation fees, legal fees, and discharge fees from Mortgage House. It’s crucial to factor these into your decision. According to ASIC’s MoneySmart, discharge fees from lenders can range from a few hundred dollars up to over a thousand, and this should be explicitly discussed with Mortgage House.

Important Note: Given that conventional mortgages involve interest (Riba), the very act of “cancelling” or paying off such a loan is a step towards rectifying an impermissible financial transaction. Refinancing to a Sharia-compliant product is highly encouraged for Muslims to align their financial dealings with Islamic principles.

Mortgagehouse.com.au Pricing

Mortgagehouse.com.au, as a mortgage lender, presents its “pricing” primarily in the form of interest rates and comparison rates for its various home loan products. They display these prominently on their homepage for popular offerings, along with a comparison to major lenders’ variable rates. This direct display of rates is a key aspect of their pricing transparency for conventional borrowers. Hardcoregear.com.au Review

Understanding Interest and Comparison Rates

On their homepage, for loans like “Chameleon – Executive Home Loan 60” or “Chameleon – Freedom Home Loan 90,” you’ll see:

Interest Rate: This is the nominal interest rate applied to the loan. For example, “5.39% p.a.” for one of their executive home loans.
Comparison Rate: This is a crucial figure mandated by Australian law. It includes the interest rate and most fees and charges relating to the loan, giving a more accurate picture of the true cost of the loan over its term. For instance, an interest rate of 5.39% p.a. might have a comparison rate of 5.43% p.a. This helps conventional borrowers compare loans more effectively across different lenders.

Other Potential Costs

While interest rates are the headline figures, conventional mortgages often come with other fees that contribute to the overall cost. These are typically detailed in the loan offer document, but it’s important to be aware of them:

Application Fees: Fees charged for processing your loan application.
Valuation Fees: Costs associated with valuing the property.
Lenders Mortgage Insurance (LMI): If you borrow more than a certain percentage of the property’s value (e.g., 80%), LMI protects the lender in case you default. The website mentions “bypass LMI,” which would be a specific product feature.
Legal/Settlement Fees: Costs associated with the legal work of setting up the mortgage.
Ongoing Fees: Monthly or annual service fees.
Redraw Fees/Early Repayment Fees: Charges for accessing extra payments you’ve made or for paying off the loan early (less common on variable rate loans now but can exist).
Discharge Fees: Charged when you pay off or refinance your loan and the mortgage is removed from the property title.

The Ethical Cost (Riba)

From an Islamic financial perspective, the “pricing” of Mortgagehouse.com.au is inherently problematic because it is based on Riba (interest). No matter how low the interest rate, or how transparent the comparison rate, the fundamental transaction involves charging or paying interest on borrowed money, which is forbidden in Islam.

This means that while a conventional borrower might see a “good deal” on a low-rate loan, a Muslim individual understands that any benefit derived from such a transaction is tainted by Riba, which carries severe spiritual consequences. The “price” of Riba is not just monetary; it affects one’s spiritual well-being and is seen as contributing to economic injustice and inequality. Therefore, for a Muslim, the actual “price” of engaging with Mortgage House’s products is far higher than any published rate due to the prohibition of Riba. This is why Sharia-compliant alternatives are sought, where the cost is derived from legitimate trade, leasing, or profit-sharing, not from interest.

Mortgagehouse.com.au vs. Sharia-Compliant Finance

Directly comparing Mortgagehouse.com.au with Sharia-compliant finance providers like Islamic Finance Australia or Hejaz Financial Services isn’t a like-for-like comparison in terms of underlying principles, but it’s essential for a Muslim audience to understand the distinctions. Mortgage House operates within the conventional, interest-based banking system, while Sharia-compliant finance adheres to Islamic principles that strictly prohibit Riba (interest) and other impermissible activities.

Core Differences in Financial Models

Mortgagehouse.com.au (Conventional Mortgage):
- Basis: Loans money with interest (Riba). The bank lends you capital, and you pay back the principal plus an agreed-upon interest rate over time.
- Ownership: You immediately become the owner of the property, and the bank holds a mortgage over it as security.
- Risk: The borrower bears almost all the risk; the lender primarily faces credit risk (borrower defaulting).
- Flexibility: Generally offers a wide range of variable and fixed-rate options, and features like redraw facilities.
- Accessibility: Widespread and easily accessible through most banks and lenders.
Sharia-Compliant Finance (e.g., Diminishing Musharaka, Ijara, Murabaha):
- Basis: Avoids Riba. Instead, it involves asset-backed transactions, profit-sharing, or leasing agreements.
  - Diminishing Musharaka: The financier and client co-own the property. The client gradually buys the financier’s share, and also pays rent for the portion of the property owned by the financier.
  - Ijara (Leasing): The financier buys the property and leases it to the client. Ownership transfers at the end of the lease term.
  - Murabaha (Cost-Plus Finance): The financier buys the property and immediately sells it to the client for a pre-agreed, deferred price that includes a pre-agreed profit margin.
- Ownership: Varies by model. In Musharaka, co-ownership is immediate and gradually shifts. In Ijara, ownership transfers at the end.
- Risk: Often involves some form of shared risk, especially in Musharaka, where both parties are considered partners in the asset.
- Flexibility: Can be less flexible than conventional loans due to the need to adhere strictly to Sharia principles, but providers are constantly innovating.
- Accessibility: Limited to a few dedicated Islamic finance institutions in Australia, though growing.

Ethical Implications

Mortgagehouse.com.au: From an Islamic ethical perspective, engaging with Mortgage House’s products means participating in Riba, which is fundamentally forbidden. This not only carries spiritual implications but is also viewed as an unfair and exploitative economic practice that concentrates wealth and creates debt burdens.
Sharia-Compliant Finance: These models are designed to be ethical and permissible in Islam. They promote fairness, shared risk, and asset-backed transactions, aligning with the principles of justice and economic balance taught in Islam. They offer a path to homeownership that maintains spiritual integrity.

Practical Considerations for Australian Muslims

While conventional mortgages from providers like Mortgage House are structurally simpler and more widely available, the ethical imperative for Muslims to avoid Riba is paramount. This means that despite any perceived “convenience” or “lower rates” (which often don’t account for the unseen spiritual cost), Sharia-compliant alternatives are the only permissible choice. Muslims in Australia must carefully research and engage with the dedicated Islamic finance institutions to secure housing finance that aligns with their faith, even if it requires a bit more effort or involves different financial structures. The growth of Islamic finance providers in Australia indicates an increasing demand for these ethical alternatives.

How to Check if Mortgagehouse.com.au is Legit

Based on the information available on their homepage and public records, Mortgagehouse.com.au appears to be a legitimate and established entity within the Australian financial landscape. They provide numerous indicators of legitimacy, which would typically reassure a conventional borrower. However, legitimacy in a regulatory and operational sense does not equate to permissibility from an Islamic ethical standpoint due to the Riba (interest) element.

Indicators of Legitimacy

Operating Since 1986: This extensive operational history (over 35 years) is a strong indicator of legitimacy and stability.
Physical Presence: The website provides a “Find A Branch” feature, suggesting a physical network of offices, which adds credibility compared to purely online-only entities.
Australian Business Number (ABN) / Australian Credit Licence (ACL): Reputable financial institutions in Australia are regulated by bodies like the Australian Securities and Investments Commission (ASIC). A legitimate lender like Mortgage House would hold an Australian Credit Licence (ACL), which can usually be verified through ASIC’s professional registers. While not directly displayed on the homepage, a search on ASIC’s website would confirm their regulatory status.
Awards and Industry Recognition: The website prominently displays multiple awards from recognised Australian financial review platforms like WeMoney, ProductReview.com.au, Money Magazine, and RateCity. This external validation from credible sources confirms their standing in the industry.
Professional Website Design and Content: A well-designed, informative, and error-free website, such as Mortgagehouse.com.au, suggests a professional operation. Scam websites often have poor design, grammatical errors, and vague information.
Contact Information: Clear contact details, including a phone number (133 144) and options for requesting callbacks or enquiring online, are typical of legitimate businesses.
Customer Portal: The presence of a “Log In To Customer Portal” indicates an existing customer base and infrastructure for managing accounts.
Secure Connection: The website uses HTTPS encryption (indicated by the padlock icon in the browser), ensuring that data transmitted between the user and the site is secure. This is a basic but essential security measure for any online financial service.

Distinction Between “Legitimacy” and “Permissibility”

It’s crucial for a Muslim seeking ethical finance to distinguish between “legitimacy” in the conventional sense (regulatory compliance, operational history, public trust) and “permissibility” (halal/haram) according to Islamic law.

Mortgagehouse.com.au is legitimately established and regulated under Australian law. However, because its core business involves interest-based loans (Riba), it is not permissible for Muslims to engage with its products. Therefore, while you can confirm its legitimacy as a conventional financial institution, this confirmation should then lead a Muslim to seek out Sharia-compliant alternatives for their financial needs. The robust presence and awards merely confirm its role as a significant, albeit impermissible from an Islamic perspective, player in the Australian mortgage market.

FAQ

What is Mortgagehouse.com.au?

Mortgagehouse.com.au is the official website for Mortgage House, an Australian lending specialist that has been providing home loan products and services since 1986. They offer various mortgage options for first-time buyers, investors, refinancers, and more. Jennoliart.com.au Review

Is Mortgagehouse.com.au a legitimate company?

Yes, Mortgagehouse.com.au appears to be a legitimate and well-established company in Australia, backed by over 35 years of operation, industry awards, a professional website, and clear contact information.

Does Mortgagehouse.com.au offer Sharia-compliant loans?

No, based on the website’s content, Mortgagehouse.com.au offers conventional home loans that involve interest (Riba), which is not Sharia-compliant and is forbidden in Islam.

What kind of home loans does Mortgagehouse.com.au offer?

Mortgagehouse.com.au offers a variety of conventional home loan products, including options for first home buyers, second home buyers, refinancers, construction loans, renovation loans, self-employed loans, investor loans, and relocation loans.

How can I compare home loans on Mortgagehouse.com.au?

Mortgagehouse.com.au features a “Compare Matchmaker tool” on their homepage, allowing users to instantly compare up to five different loan products. They also have a dedicated “Compare Home Loans” section under their resources.

What are the interest rates offered by Mortgagehouse.com.au?

Mortgagehouse.com.au displays current interest rates and comparison rates for some of their popular home loan products directly on their homepage, such as their “Chameleon – Executive Home Loan” and “Chameleon – Freedom Home Loan.”

What is the Mortgagehouse.com.au customer portal for?

The Mortgagehouse.com.au customer portal is a secure online platform where existing customers can log in or register to manage their loan details and access account information.

Can I apply for a home loan online with Mortgagehouse.com.au?

Yes, Mortgagehouse.com.au provides an “Apply Online” option for a streamlined digital application process for their home loans.

Does Mortgagehouse.com.au provide resources for first home buyers?

Yes, Mortgagehouse.com.au has dedicated resources, guides, and tools specifically tailored to assist first home buyers throughout their journey.

How do I contact Mortgagehouse.com.au?

You can contact Mortgagehouse.com.au by calling their phone number (133 144), requesting a call back from a lending specialist, or using their “Enquire Online” form.

What is a comparison rate on Mortgagehouse.com.au?

A comparison rate on Mortgagehouse.com.au (and all Australian lenders) is a rate that includes the interest rate and most fees and charges, providing a more accurate total cost of the loan over its term, as mandated by law. Gpsoft.com.au Review

Are there any upfront fees when applying for a loan with Mortgagehouse.com.au?

While the homepage highlights interest and comparison rates, conventional mortgages can involve various fees such as application fees, valuation fees, and potentially Lenders Mortgage Insurance (LMI), which would be detailed in the loan offer.

How long has Mortgage House been operating in Australia?

Mortgage House has been operating as a lending specialist in Australia since 1986, indicating over 35 years of experience in the market.

Where can I find a Mortgage House branch?

You can find your nearest Mortgage House branch by using the “Find A Branch” tool available on their website, which allows you to search by location or radius.

Does Mortgagehouse.com.au offer calculators for home loans?

Yes, Mortgagehouse.com.au offers a suite of online calculators, including a “How much can I borrow calculator,” “Best rate mortgage calculator,” and “Mortgage repayment calculator.”

What awards has Mortgagehouse.com.au received?

Mortgagehouse.com.au proudly displays several awards, including WeMoney Best Low Deposit Home Loan of the Year 2023-2024, ProductReview.com.au Home Loans – 2023 Winner, and Money Magazine Best-Value Basic Home Loan (Non-Bank) 2022.

What is the process for refinancing a loan with Mortgagehouse.com.au?

Refinancing with Mortgagehouse.com.au (or moving from them) involves finding a new loan, applying, and then having the new lender pay off your existing loan during settlement, with associated discharge fees and paperwork.

Can self-employed individuals get a loan from Mortgagehouse.com.au?

Yes, Mortgagehouse.com.au states they offer solutions for self-employed individuals, including what they refer to as “low doc loans.”

Does Mortgagehouse.com.au provide investor loans?

Yes, Mortgagehouse.com.au caters to property investors and offers resources and loan rates tailored for investment properties.

Why is interest (Riba) forbidden in Islam, and how does it relate to Mortgagehouse.com.au?

Interest (Riba) is strictly forbidden in Islam because it is considered an exploitative practice that generates wealth without genuine productive effort or shared risk, creating economic inequality. As Mortgagehouse.com.au’s core business model is based on charging interest on loans, it falls under this prohibition, making its conventional mortgage products impermissible for Muslims.

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