Mortgage Choice – Mortgage Brokers
Mortgage Choice Home Loan Broker
Mortgage brokers can help you narrow down your home loan choices to find the one which suits you best – a process which could take weeks or even months if you had to go it alone, with hundreds of different loan types and even more features and options to choose from. Instead you can work with an industry expert who knows all those loan types inside out and can recommend the features you need to suit your lifestyle and your financial goals.
Mortgage Choice is Australia’s largest independent mortgage broker and give you a genuine choice as compared to some other mortgage brokers, because they pay their team members the same commission regardless of the lender they sign with or the interest rate of the loan, so there is no incentive for your Mortgage Choice mortgage broker to recommend a home loan which will suit them, rather than one which will suit you.
Mortgage Choice Home Loan Health Check
Use the Mortgage Choice Home Loan Health Check service to find out if your current home loan is the best option for you or to discover other competitive offers available. Simply enter your details and a receive expert advice from a Mortgage Choice broker within 24 hours.
- Interest Rate of
- Comparison Rate of
- Application Fee of
- Maximum LVR With LMI:
- Minimum Borrowing: $0
- Maximum Borrowing: $0
Established in 1992, Mortgage Choice have grown to a national network of brokers who are able to educate Australians about their choices and guide you through the home buying and home loan choosing process, rather than just telling you which loan you need without really explaining why. Australian home buyers have a particularly hard time because the Australian home loan market is one of the most complex in the world. Plus, with everyone becoming busier and stretched further both figuratively and financially, working with Mortgage Choice can make the choice of a home loan faster and easier, not to mention their service is free.
Since their inception in Australia, Mortgage Choice have worked with over 300,00 people to find the right home loan, so there’s no need to worry that you have an unsolvable situation because Mortgage Choice have seen it all. Mortgage Choice have also always been dedicated to honest customer care and service and they were the first mortgage broker to launch a Customer Charter which fully discloses their service, payment model, privacy policy and complaints procedure.
Mortgage Choice Benefits
When you work with Mortgage Choice you’ll be getting more than expert advice and a way to narrow down your home loan choices. You’ll also be benefiting from an education about the home loan industry and the types of loans available because Mortgage Choice brokers make sure to put your best interests first. The proof of this attitude of information can be seen in the 90% rating Mortgage Choice consistently scores in service satisfaction, repeat and referral business.
Mortgage Choice First Home Owner Grant Eligibility
Use the service to determine if you are eligible to receive assistance to help cover your deposit. Enter your details and a Mortgage Choice broker will contact you within 24 hours to answer any questions you may have regarding the grant.
- Interest Rate of
- Comparison Rate of
- Application Fee of
- Maximum LVR With LMI:
- Minimum Borrowing: $0
- Maximum Borrowing: $0
You can also benefit from the Loan Qualifier Software which Mortgage Choice uses to search available home loans and match your situation, your requirements and your goals to the right loan. You will also be looked after throughout the loan application process, not just with the paperwork, but right up to settlement of your loan application with your lender, and you can also come back to Mortgage Choice if you have any questions about your loan in the future.
How to Navigate the Australian Mortgage Market
While a lot of things have changed, there is one constant in Australia and that is the great Australian dream of owning your own home. However, property is not only popular in Australia for owner occupiers, but also for investors as a residential investment can be a very secure way to grow your asset base and when set up correctly with the right loan and the right agent, can be very low maintenance too.
In the wake of the Global Financial Crisis and with interest rates rising there has been a slow down in the Australian property market and while the value of home loans Mortgage Choice has approved in the 12 months to 30 June 2009 dropped by 8.2% compared to the previous 12 months, there is still an undersupply of housing, strong population growth, low rental vacancy rates and rising rental prices which make for a positive outlook and healthy demand into the future.
While there is still strong interest in the housing market, buyers and investors are approaching with caution, having seen all too well what happens when you overcapitalise on your property, borrow more than you can afford or make a poor investment decision. As a result, a JP Morgan study has verified that in April 2010 40% of new home loans are originating from brokers which is a major shift and a vote of confidence in the brokering industry, which is less than 20 years old.
The mortgage broker system is not only a benefit to you, but is also beneficial to the lenders who are getting direct recommendations and qualified enquires thanks to the confidence instilled in borrowers by their brokers.
How Reliable is Mortgage Choice?
Whenever you deal through a third part y there is the risk that details will be misunderstood, information will be lost or confidentiality will be compromised. However, when you work with Mortgage Choice you are benefiting from their commitment to high levels of customer service, their transparent business practices and a range of customer protection initiatives, including:
- A customer charter. This document discloses the service standards which must be upheld by all Mortgage Choice staff, as well as detailing the commissions paid, how those commissions are calculated, and privacy and complaint procedures.
- Finance broking agreement. When you choose to work with Mortgage choice you are informed of important factors which could influence the advice provided by your broker.
- Disclosure. Mortgage Choice ensures that their brokers provide a suitable home loan from their panel of lenders and ensures you don’t pay excessive non-financial incentives.
- Professional development program. Lenders on the Mortgage Choice panel periodically make funds available to allow Mortgage Choice brokers to undergo professional development and further their knowledge and training. All records of these funds and programs are transparent and can be easily viewed in your decision making process.
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