Magnetic, resonance and transport properties of Fe(t nm)/MgO(3.0 nm) multilayers prepared by pulsed laser deposition were investigated. Comparison of the data allows conclusions on Fe layers morphology. For t<0.61 nm typical features of granular cermet films in dielectric regime are observed, i.e. high electrical resistance, isotropic magnetoresistance and strong temperature dependence of magnetization. For higher t coalescence of Fe granules occurs and metallic percolation cluster is formed at t~0.81 nm. This is manifested by rapid decrease of films resistance and formation of multipeak ferromagnetic resonance spectra. For t>1.25 nm a continuous coverage of MgO by Fe takes place. However, the morphology of Fe layers is rough. This causes the appearance of magnetostatic resonance modes analogous to those observed for continuous films deposited on embossed surfaces.