Put Melbourne's Leading Mortgage Brokers to Work for You

Call: 03 9585 7779

MORTGAGE BROKERS |

Mortgage Choice in Cheltenham, Melbourne are a friendly, motivated and experienced team of home loan / mortgage brokers operating in Melbourne suburbs.

Call Us Mortgage Choice Cheltenham
Office - 03 9585 7779
Fax - 03 8610 0365

Open Hours Mortgage Choice Cheltenham
08:30-20:30 Monday to Friday.
After hours and weekends we're available via appointment.
Free Appointment

Address

302 Charman Road CHELTENHAM, VIC 3192

Latest home loan interest rates

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Mortgage Choice (Melbourne based) - "we're ready to help you Pinpoint and Secure YOUR ideal Home Loan"

Mortgage Choice has been one of Australia’s leading mortgage brokers since way back in 1992. We’ve built our business around always putting our customer’s needs FIRST, meticulous attention to detail, open lines of communication at all times and a genuine care for each individual client.

Our fully qualified and experienced team of mortgage brokers would love to assist with all of your home loan related challenges and goals - and best of all, you won't pay us for our services (we are paid by the lenders).

What Type of Home Loan are you Looking For?

We'll search through hundreds of different loan options from more than 20 of Australia's largest banks and lenders to find the one that best suits YOU.

First Home Buyer Loans - includes info about the first home owners grant (FHOG).

Home Loan Refinancing

Upgrading or Next Home Loans

Property Investment Loans

Compare our full range of Home Loan Types Here

What Does a Mortgage Broker do - what to Expect when you Engage Mortgage Choice

Our primary goal and motivation is to track down and secure the most suitable home loan for your individual needs and preferences. We’ll be by your side from start to finish - negotiating hard with the lenders to lock in a great home loan deal for you.

Let’s break down the steps involved in securing your ideal home loan:

Step One: Let's Talk

The first step is for us to learn a bit more about you, including your current circumstances, any preferences you may have and your goals for the future.

We can catch up face to face at our office in Cheltenham, Port Melbourne or any other location of your choice throughout Melbourne.

Simply click on the orange "contact us" button up the top of this page or give us a call on 03 9585 7779 to arrange a meeting. There’s no charge or obligation involved in meeting with one of our fully qualified and experienced mortgage brokers - we’d be happy to catch up for a chat.

Step Two: We'll Get to Work

Based on our initial discussion with you, we'll then roll up our sleeves and get to work. Taking your unique set of circumstances and goals into consideration we will search far and wide to identify the most suitable home loan options for you (from our extensive panel of lenders).

Loan selection is not as simple as locking in the one with the lowest interest rate or fees. Of course, they are important elements, but there's many other considerations that can be just as crucial to you - now and into the future.

That's the advantage of engaging a good mortgage broker - we sort through all of those things for you. We know and understand the Australian home loan marketplace back to front, so once we get to know you a little better, we'll be able to pinpoint the exact loan options and features that are going to serve you best.

Step Three: Decision Time!

As soon as we have identified your best loan options, we'll then present them to you to make the final decision (you're always in charge).

Then it's time for us to prepare your loan application, negotiate with your chosen lender, gather all the necessary paperwork and do any other "legwork" that is required to get your loan settled. We'll be there for you throughout this entire process to ensure everything progresses as it should (we've got a great loan progress team working behind the scenes to help things run smoothly).

Here's a bit of an overview of the home loan application process. It outlines the steps involved and approximate timelines you should expect - Home Loan Application Process.

Mortgage Calculators - Do Some Of Your Own Research

Take some of our interactive home loan calculators for a drive, they will help you to discover:

How much you can afford to borrow (borrowing capacity).

What your mortgage repayments will be.

How much stamp duty you'll be required to pay.

Compare different home loan based on the interest rate (you can also view our latest interest rates table here).

Reverse mortgage calculator.

View all mortgage calculators here.

We're Not Just Mortgage Brokers - Mortgage Choice Offer a Full Suite of Financial Solutions

In addition to providing industry leading home loan advice we also offer a wide range of financial solutions to help you protect and reach your financial goals.

We offer vehicle loans, equipment finance, car loans, commercial loans, business loans, income protection, life insurance and general insurance.

Give us a call on 03 9585 7779 or contact us through the orange "contact" button up the top of this page for further information about any of these services - we'd be happy to hear from you.

Why Choose Mortgage Choice?

You can learn all about our origins, history, consumer protection initiatives and the long list of industry awards we have collected here.

While industry awards and recognition are certainly nice to receive, they are not what drive us and motivate us as we get to work each day - the satisfaction level of our clients provide us with all the motivation we need.

What's Next?

There's only one thing left to do - get in touch with us.

If you'd like to organise a free, no obligation appointment with one of our mortgage brokers located throughout Melbourne (you can come to us, or we'll come to you) please click the orange "contact" button at the top of this page or simply give us a call on 03 9585 7779.

We look forward to hearing from you.

The right home loan for your needs

Our mission is to find the right home loan for your individual needs and to always have your best interests at heart. Plain and simple. Which is why we have such a wide range of lenders to choose from. We can search through hundreds of products to find something tailored to your situation. ~

Client reviews

Couldnt be happier with our dealings with Stephen Forrester from mortgage choice- exceptional service. He and Katrina guided us through every step. Would definitely recommend them.

Barbara
21 January 2024

Big thanks to Rhys for helping us into our first home, and navigating changing timelines and a couple of little challenges throughout

Mitchell
26 November 2023

Great service appreciate all the hard work.

sourav
20 November 2023

Stephen Forrester is an exceptional broker He guided me through every step of the process, and working with Katrina was also a delightful experience. I highly recommend Stephen and the Mortgage Choice team.

Saj
01 November 2023

I would highly recommend Mortgage Choice. The process was smooth and David was always available to answer any enquiries. I was given an overview of all my choices to make an informed decision.

27 September 2023

We could not thank Rhys enough He was great to deal with, quick and efficient. He explained everything clearly so we completely knew what was going on. From start to finish we have had a great experience Thankyou again Rhys

Brooke
01 August 2023

David and Anthony are absolutely incredible at reorganising your finances and mortgage to help get your life in order. I cannot recommend them enough, do not go anywhere else 6 stars if I could... Many thanks from my family

Andrew
22 March 2023

Big thanks to Rhys from Mortgage Choice for his expertise in supporting us to purchasing our first home. As it is a daunting process, Rhys was there every step of the way to ensure we had the best possible experience. He never left a question unanswered and for this we are truly grateful. He was efficient in everything he did, from instant communication to following up anything that was needed. Highly recommend
Dan El

Daniel
24 February 2023

A big thank you to David Ross and Shaun Curtis and of course Anthony Smith for their expertise, advice and care in helping me refinance and set up new mortgages at a very complicated and stressful time. I always felt like I was in the very best of professional hands. I recommend them highly. Thank you so very much.

A
20 February 2023

A big thank you to David Ross and Shaun Curtis for their expertise, advice and care in helping me refinance and set up new mortgages at a very complicated and stressful. I always felt like I was in the very best of professional hands. I recommend them highly. Thank you so very much.

Jane
19 February 2023

First home buyer's guide

Purchasing your first property can be an overwhelming process and there may be steps you are unsure or unaware aware of. This guide will walk you through all of the steps involved in the buying process.

Download now

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Extra Information

Home Buyer Concession Scheme

From 1 July 2019, the FHOG ACT has been replaced with exemptions on stamp duty. The stamp duty exemption is applicable to all properties in ACT, including vacant residential land and both new and established homes at any price. As this is still to aid first home buyers, to be eligible at least one buyer must live in the home for at least 12 months, starting within 12 months of settlement or completion of construction.

To be eligible, first homeowners in the ACT must have a household income below $160,000. This number increases up to $176,650 depending on the number of children you may have.

Click here for more information on the ACT First home Owner Grant.

Stamp duty concessions in NSW

From 1 August 2020, the NSW government has announced that stamp duty will not be applicable to first home buyers for properties valued up to $800,000 and vacant land valued up to $400,000. This stamp duty exemption will be in place for 12 months to 31 July 2021, in which the stamp duty exemptions will revert back to $650,000 for homes and $350,000 for land.

Additionally, a concessional rate of duty will apply to homes valued more than $800,000 but less than $1,000,000 and vacant blocks of land valued more than $400,000 and less than $500,000

How much is the First Home Owners Grant NSW?

The FHOG in NSW is worth $10,000 however conditions apply. To be eligible, your first home must have a total value below $600,000, and be either newly constructed or ‘substantially renovated’. A home is substantially renovated when most or all of the original house was removed or replaced, and it’s the first time the place has been sold, and lived in, after the renovations were completed.

If you plan to build a new home from scratch, you can still be eligible for the FHOG in NSW as long as your land plus the home you build have a combined value of less than $750,000.

Click here for more information on the NSW First Home Owner Grant.

How much is the First Home Owners Grant in the NT?

The First Home Owner Grant in NT is $10,000. Your income and the price of your home don’t affect the FHOG NT, and the grant is available if you buy or build a new house, apartment, duplex or townhouse.

As of 30 June 2021, there are currently no stamp duty concessions for first home buyers in NT.

Previously the Territory’s First Home Owner Discount was in place from 8 February 2019 to 30 June 2021. It let you save up to a maximum of $18,601 on the cost of stamp duty. The savings were available whether you purchased a new or established home as long as the home was valued under $650,000.

Click here for more information on the NT First home Owner Grant.

How much is the First Home Owners Grant QLD?

As a first home buyer in Queensland you could be entitled to the $30,000 First Home Owner Grant. To be eligible, you need to buy a brand new home or build a home from scratch with the total value (including the land) below $750,000. You may also be eligible if you buy off the plan or an established home that’s been substantially renovated.

As a guide, substantial renovations include replacing or altering foundations or replacing or altering floors. Cosmetic work such as painting the walls or sanding floors doesn’t add up to a substantial renovation when it comes to the FHOG in QLD.

Stamp duty concessions

If you’re buying vacant land to build your first home, you pay zero stamp duty as long as you pay $250,000 or less for your block. Concessions are available for vacant land valued above $250,000 and up to $400,000. Whereas if your first home is valued up to $500,000, you pay zero stamp duty. That’s a saving of $7,175 which is the maximum stamp duty rebate available to first home buyers in QLD.

Additionally, savings on stamp duty may still be available if you pay between $500,000 and $550,000 for your first home. As a guide, if your first home is worth $530,000, you pay stamp duty of $6,300 a saving of $3,500. These savings cut out altogether if your first home costs $550,000 or more.

Click here for more information on the QLD First home Owner Grant.

How much is the First Home Owners Grant SA?

There are currently no specific stamp duty concessions available for first home buyers in SA.

The $15,000 FHOG in South Australia is only available to first home owners who buy a new home. You can choose from a house, apartment, townhouse or villa.

You will only be able to claim the FHOG SA if you pay below the following amounts for your home:

Before 14 June 2023: $575,000
After 15 June 2023: $650,000

You can also claim the First Home Owner Grant in South Australia when you buy a block of vacant land to build your first home on. However, the end value of your building plus land must be no more than $575,000.

Click here for more information on the SA First home Owner Grant.

Stamp duty concessions in TAS

If you buy an established home, you are not eligible for the FHOG in Tasmania but you may be able to claim savings on stamp duty. If you’re home is valued at

$400,000 or less, you will receive a 50% discount on the property transfer duty (stamp duty).

How much is the First Home Owners Grant TAS?

The FHOG Tasmania is worth $30,000 until 30 June 2022 but only when you buy or build a new home. Off the plan purchases are also eligible. In Tasmania, there is no limit on the purchase price of the property, and the FHOG is not means tested.

Click here for more information on the TAS First home Owner Grant.

Stamp duty concessions in VIC

First home owners in Victoria don’t pay stamp duty at all on their first home as long as the property is valued below $600,000. You may still be eligible for savings on stamp duty if you pay between $600,000 and $750,000 for your first home. The stamp duty concessions available in Victoria apply to both established and new homes.

How much is the First Home Owners Grant VIC?

The FHOG Victoria is only available if you buy a newly built home or if you choose to build a home from scratch. The FHOG is worth $10,000 if you build/buy in Victoria.

Your first home can be a house, townhouse, apartment, or unit but it must be valued at $750,000 or less, and it must be a new home – being sold as a home for the first time, and less than five years old.

Click here for more information on the VIC First home Owner Grant.

Stamp duty concessions in WA

If you buy vacant land to build your first home, you’re exempt from paying stamp duty as long as you don’t pay more than $300,000. If you pay between $300,000 and $400,000 you will be entitled to a reduced rate of duty.

If you buy a home costing up to $430,000, no stamp duty is payable at all. If the value of your home is between $430,000 and $530,000, you’ll be entitled to a reduced rate of stamp duty. There are no additional concessions for homes valued above $530,000 and land valued above $400,000.

How much is the First Home Owners Grant WA?

The FHOG WA is worth $10,000 when you buy or build a brand new home. There are limits on what you can pay for your first home to be eligible for the FHOG in Western Australia.

If you’re located south of the 26th parallel, which basically covers all the Perth metropolitan area, you can claim the FHOG WA if your new home is worth up to $750,000 – this includes the value of the land plus buildings.

If you buy or build a home north of the 26th parallel, the property must be valued up to or below $1 million to be eligible for the FHOG WA.

The First Home Owner Grant in Western Australia is no longer available if you buy an established home however you may be able to claim stamp duty savings.

Click here for more information on the WA First home Owner Grant.

State / Territorial Revenue Web Sites

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There's a lot to consider when choosing the right loan.

The lowest interest rate from our lender panel is either standard variable or 3-year fixed for an owner-occupier. Rates and repayments are indicative and subject to change. The results from this calculator are an approximate guide only and do not constitute specialist advice. The calculations used should not be relied upon for the purposes of entering into any legal or financial commitments.

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The borrowing amount is a guide only. Loan repayments are based on the lowest interest rate (either standard variable or 3-year fixed rate, owner occupier) from our lender panel over a repayment period of 30 years. Rates and repayments are indicative only and subject to change. The results from this calculator are an approximate guide only and do not constitute specialist advice. The calculations used should not be relied upon for the purposes of entering into any legal or financial commitments.

Put Melbourne's Leading Mortgage Brokers to Work for You

Mortgage Choice (Melbourne based) - "we're ready to help you Pinpoint and Secure YOUR ideal Home Loan"

What Type of Home Loan are you Looking For?

What Does a Mortgage Broker do - what to Expect when you Engage Mortgage Choice

Step One: Let's Talk

Step Two: We'll Get to Work

Step Three: Decision Time!

Mortgage Calculators - Do Some Of Your Own Research

We're Not Just Mortgage Brokers - Mortgage Choice Offer a Full Suite of Financial Solutions

Why Choose Mortgage Choice?

What's Next?

The right home loan for your needs

Client reviews

First home buyer's guide

Help me calculate

Stamp duty calculator

Home loan repayment calculator

How much can I borrow

Extra Information

Home Buyer Concession Scheme

Stamp duty concessions in NSW

How much is the First Home Owners Grant NSW?

How much is the First Home Owners Grant in the NT?

How much is the First Home Owners Grant QLD?

Stamp duty concessions

How much is the First Home Owners Grant SA?

Stamp duty concessions in TAS

How much is the First Home Owners Grant TAS?

Stamp duty concessions in VIC

How much is the First Home Owners Grant VIC?

Stamp duty concessions in WA

How much is the First Home Owners Grant WA?

State / Territorial Revenue Web Sites

2nd Applicant

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