302 Charman Road
CHELTENHAM VIC 3192
Tel: 03 9585 7779
Fax: 03 8610 0365

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Mortgage Choice | Mortgage Brokers | Melbourne | Victoria | Australia | Home Loans | First Home Buyers | Home Equity Loans | Refinancing | Property Investment

5 Good Reasons To Use A Mortgage Choice Mortgage Broker For Your Next Home Loan

Our Mortgage Brokers in Melbourne can provide you with:

1. WIDE CHOICE OF HOME LOANS:

When you use Mortgage Choice to help you find your new loan it's like having 24 of Australia's leading banks and lenders all competing for your business (which means you'll get a great deal!). We can help you analyse and compare hundreds of different loans and then pinpoint the one that is most compatible to you. Of course we will be there to assist you throughout the entire process of securing your home loan.

2. CONVENIENCE

We'll meet at the time and place that best suits you to establish your Home Loan needs and preferences. Then we do all the research and running around to manage every step of the application process for you. This saves you shopping around - we can do it all on your behalf.

3. SAVE YOU MONEY

Mortgage Choice uses exclusive loan qualifier software which helps us to pinpoint the most suitable home loan for you. Typically this can help to cut the current interest rate you are paying as well as reduce your fees and monthly repayments. Using a mortgage broker like us is also a great way to maximise your borrowing power (how much you can borrow).

4. PROFESSIONAL HOME LOAN ADVICE

At Mortgage Choice we are fully trained, and accredited with every lender we represent. We are full members of the Mortgage & Finance Association Of Australia and we have many years of experience in Australia's ever changing Home Loan marketplace. We also have a number of consumer protection initiatives in place to protect you - our valued clients.

5. MORTGAGE CHOICE DOES NOT CHARGE YOU FOR THIS SERVICE

Our head office pays us the same commission from each of the 24 lenders on our panel. This means all we are concerned with is pinpointing the most suitable loan for you from our panel - regardless of who is offering it.

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We Can Help You To Track Down Any Type Of Home Loan In Australia Including:

  • Home Equity Loans
  • First Home Buyer Loans
  • Home Loan Refinancing
  • Debt Consolidation Loans
  • Reverse Mortgages (Seniors Loans)
  • Home Construction Loans
  • Low Documentation Loans
  • Property Investment Finance
  • No Deposit Home Loans
  • Second Home Loans
  • Bridging Loans
  • Mortgages For The Self Employed
  • No Doc Home Loans
  • Variable Home Loans

    It doesn't matter if you are in Melbourne or an Aussie Expat living in London, we'd be happy to assist you in finding your ideal home loan.

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    BREAKING NEWS: Great News For First Home Buyers In Victoria!

    Granting Victorian first homebuyers extra money for new-dwellings:

    Australia's largest independently-owned mortgage broker, Mortgage Choice applauds the Victorian government's 2010-2011 state budget proposal to increase the grants made available to first homebuyers purchasing new homes.

    Under the Victorian First Home Bonus scheme, from 1 July 2010 eligible first homebuyers purchasing newly-constructed homes stand to receive $13,000, up from $11,000. This is in addition to the federal government's $7,000 First Home Owner Grant, bringing the total to $20,000.

    First homebuyers buying newly-constructed homes in regional Victoria stand to gain the most. On top of the state-based First Home Bonus and the federal First Home Owner Grant, these buyers may also receive an extra $6,500 (up from $4,500), bringing their total to $26,500.

    As the state's housing prices climb, these proposals should come as welcome relief to first homebuyers struggling with housing affordability and the impact of lenders' tightened loan criteria.

    However, the proposal also states that those purchasing established homes in metropolitan or regional areas will no longer receive the $2,000 grant offered under the previous First Home Bonus scheme in Melbourne.

    Regardless, first time borrowers are reminded that, in addition to the First Home Owner Grant and any state-based bonuses, the vast majority of lenders require evidence of genuine savings accumulated or held in a savings account over a number of months.

    That time period will vary depending on lender and loan type so it's important for borrowers to shop around for a home loan deal that fits with their situation.

    A reputable mortgage broker such as Mortgage Choice can help all manner of property buyers compare hundreds of loan products across a wide range of lenders to find a loan suited to customers' individual needs.

    The Victorian government's intention to increase the grants made available to first homebuyers will make a positive contribution to housing affordability. This should have the flow on effect of improving housing supply and boosting the state's economy, of which housing plays a significant part.

    Mortgage Choice acknowledges that many first homebuyers will be relieved and may enter the market sooner than they planned. Despite the offer of extra incentives, borrowers need to first make sure they can comfortably afford mortgage repayments and costs involved with property ownership, then be prepared for further interest rate rises and other unexpected occurrences - this is always a good idea whatever the economic situation.

    Our advice to borrowers is to think long term and to take advantage of the state budget changes only if they can do so in a sensible and positive way.

    Please contact us to discover how these new changes affect your individual situation, we're happy to answer any questions you may have - ebony.curtis@mortgagechoice.com.au or 1300 302 668.

    First Home Buyers In Victoria

    At Mortgage Choice we get great satisfaction out of helping first home buyers navigate the property buying process.

    We understand first home buyers have many questions they need addressed - and we're happy to answer them. Our Mortgage Brokers can help to clarify the following common queries:

  • Do I qualify for the first home buyer grant in Victoria?

  • Which first home buyer loan best suits me?

  • How much can I afford to borrow?

  • What can I use as my home loan deposit?

  • Can you help with preparing and submitting my application forms and other paper work?

    Please contact us with any questions or to arrange your no obligation appointment on 039585 7779 (Melbourne) or through ebony.curtis@mortgagechoice.com.au - and remember Mortgage Choice does not charge you for this service.

    Free First Home Buyer Seminars

    Please contact us on 1300 302 668 to find out where (somewhere in Melbourne) and when our next first home buyer seminar will be held (mid 2010).

    All first home buyers are welcome!

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    Free Property Investment Seminars

    Anyone with an interest in property investment is welcome to come along to our popular free seminars. The seminars are held quarterly, with the next one on November 10, in Moorabbin, Melbourne.

    Each seminar is conducted in a friendly atmosphere and is jam packed with valuable property investment information, including:

  • Client case studies.

  • Identifying property "Hot Spots" - Australia wide.

  • Loan structuring tips for investment property.

  • Special guest speakers which include leading industry professionals including real estate agents, accountants, lawyers and buyers advocates.

    If you have any questions or would like to reserve your free seat/s please call Ebony on 1300 302 668 - we'd love to see you on the night.

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    Some Recent Client Testimonials

    Thank you very much Shaun.

    I'd just like to thank you & your wonderful staff for all your help during this time, i REALLY appreciate your dedication to customer service & ensuring everything was organised on time. I will definitely recommend you to everyone i hear needing a home loan.

    Many thanks to Mortgage Choice.

    Narelle Rollings (Melbourne, July 2010)

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    Anthony, you are fantastic. Thank you so very much for clarifying this for me, I was just a little unsure how it all added up? I am so grateful for all your help Anthony, you're wonderful.

    Hope - Chelsea, Melbourne.

    Receptionist

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    Dear Anthony,

    I must point out that the help and advice we have received from Mortgage Choice has been absolutely outstanding. Anthony Smith at Mortgage Choice Cheltenham, Melbourne has been so helpful, patient and understanding and has worked unbelievably hard, not only on behalf of my husband and me, but also for our 5 children and their partners. We are all extremely grateful and look forward to a continuing partnership.

    Judy, March 2009

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    To Gary and The Mortgage Choice Team

    Just want to take this opportunity to thank each and everyone of you who have made the purchase of my and my partners home possible.

    I know that you have all done more than usual work on this case and I thank you all for the effort and work you have put in and I have no hesitation in recommending anyone to experience the professionalism, customer service and expertise that the Mortgage Choice Team offers.

    Regards,

    Simo and Nikola (Melbourne)

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    Mortgage Brokers - the Way of the Future. Mortgage Choice is Australia's leading mortgage broker, writing around 1 in every 20 Australian home loans. So if you're looking for a home loan in Victoria why not give us a call?

    • How to choose a home loan

    Here are 5 essential tips that you should consider when choosing a home loan:

    1. Interest rates

    Interest rate is obviously important, but remember that you are not simply looking for the home loan with the lowest interest rate because there are many other considerations.

    For example, the mortgage lender with the ‘best’ interest rate may have high ongoing fees and therefore your home loan may cost you more in the long term than a similar one with a higher interest rate.

    Be sure to consider ‘break and switch’ costs as well because if you decide to pay out your home loan or refinance before time will you be charged exorbitant fees to do so.

    Also, be wary of an introductory rate. It may be ‘cheap’ at the start but it may also revert to a much higher rate after once the introductory term has finished. You should try to negotiate an interest rate discount with your mortgage lender over the longer term.

    2. Features and flexibility

    What are the home loan features that you need? Home loans with the ‘best’ interest rate may not have all the features you need or be as flexible as you need it to be. For example, do you want the ability to pay extra so you can prepare yourself for future rate rises and also create a buffer if your financial circumstances change?

    You also need to consider the accessibility of your mortgage lender in terms of ATM, internet, face-to-face contact, etc. Decide what you need and ask whether your chosen home loan lender has the features available.

    3. Consider the current home loan approval times

    Is your home loan approval time critical? If so, the lender with the ‘best’ home loan may not be able to get your loan approved in time. During peak processing periods, lender service times can vary between 2 to 20 working days.

    4. Compare home loan products

    Visit a reputable mortgage broker with more than 20 lenders on their panel. This way, you can research and compare a broad range of home loans and lenders all within the one visit.

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