69 Gymea Bay Road
GYMEA NSW 2227
Tel: 02 9525 4544
Fax: 02 9520 7966

Mortgage Choice at Gymea, your local Sutherland Shire Mortgage Broker

INVESTMENT PROPERTY SEMINAR
Our Investment Property Seminar on Tuesday 24th was a great success, so much so we will be running another within a few weeks. Details to be announced. If you would like any information in the meantime please feel free to call the Gymea team on 02 9525 4544

Ben Herden has taken out the National Business Excellence Award for the NSW South & ACT. He was also honoured with the inaugral National award for 'Contribution to the System' at the annual Mortgage Choice 2010 National conference in Melbourne.

FIRST HOME BUYERS First Home Owners can still qualify for a full waiver of Transfer Duty (property stamp duty) PLUS the original $7,000 Grant. Ask us how today
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How else we can help
You may not realise it, but we are also very experienced in refinancing people into better home loans. You may be surprised to learn that we can improve on most people's current home loan situation. Loan structuring is a specialty, and something I (as an ex-financial planner) am very passionate about. This might include debt reduction (how to pay off your home loan as fast as possible), or simply reducing your payments.

To speak with a local, Sutherland Shire based home loan expert contact us today:

Gymea: 69 Gymea Bay Road, Gymea NSW 2227 Phone: 02 9525 4544 Fax: 02 9520 7966

Ben Herden: 0412 268 713
Shara Nugent: 0431 480 413
Michele Hutchen: 0420 365 111

Providing the best service to our clients since 1999. Servicing Cronulla, Caringbah, Miranda, Gymea, Kurnell, Bundeena, Mainbar, Lillipilli, Burraneer, Woolooware, much more - we have clients all over Sydney!

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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