Why be limited, when you can have Choice?
A mortgage broker works with a range of banks and other lenders to find you the right home loan. You provide them with all of your details, including your financials and property information, and they can help you navigate different home loan products to find the one that will work for you. One mortgage broking firm you might want to consider is Choice Home Loans.
Who is Choice Home Loans?
Choice Home Loans is a mortgage consultancy firm that has been operating in Australia for nearly a decade. They have won multiple Australian Mortgage Awards for their commitment to helping people find the right mortgage product for them. They aim to provide high quality customer service and industry knowledge so you can secure a loan for investment, refinancing, or even for buying your first home.
Choice Home Loans can offer home loans from:
- Adelaide Bank
- Australian Financial
- Australian First Mortgage
- Bank of Melbourne
- Circle Credit Union
- Commonwealth Bank
- Future Financial
- Heritage Bank
- Homestart Finance
- ING DIRECT
- LaTrobe Financial
- Liberty Financial
- Loan Ave
- P&N Bank
- Paramount Mortgages
- Pepper Home Loans
- Phoenix Mortgage Management
What does it cost ?
Choice Home Loans offer their services to you for free, and work by charging the lender they work with a commission. You should note that some bank fees and charges may apply.
What loans do they offer?
As they are a mortgage broking firm, they do not offer home loans themselves. Rather, they work with over 30 home loan banks and lending institutions through which they find the right loan for you. Here are the type of loans they are able to help you with:
First home buyer loans
First home buyers are the least experienced buyers in the mortgage market, and so may be able to benefit the most from experienced mortgage brokers. Choice consultants can help first home buyers prepare their finances and determine your borrowing power, and they can also help you look for your dream home.
They can help you navigate legislation surrounding the First Home Owner’s Grant, as this can help you secure your first property. There is also a large amount of paperwork involved which will be handled by your Choice consultant
Buying another property
If you’re looking to upgrade your property, you may also benefit from the services of a mortgage broker. A Choice consultant can help you navigate the property market to ensure you find the right deal, as well as finding the best loan for the property you buy. You may also need to consider other types of loans, such as construction loans, financing for renovations, or you may need advice on paying off your current loan.
Buying an investment property comes with many regulatory strings attached, as well as financial and tax concerns. But to start with, you want to make sure you get the right loan for your property. You might need an interest-only loan so you can better manage your cash flow in the initial investment stages, or perhaps a fixed rate might suit your investment strategy better. Choice consultants are able to offer you advice on the current climate in the property market so you can make a better informed investment decision, and you can find a loan that will work with, and not against, your investment.
If you’ve been with your lender for a while and are wondering whether you can get a better deal, it might be worth talking to a mortgage broker. A Choice consultant will be able to review your current loan, your finances, and your financial goals, and then find a loan that will support your situation and needs.