Brendan Donnelly
Mob: 0413 742 103

332 Princes Highway
WOONONA NSW 2517
Tel: 02 4284 5066
Fax: 02 4284 5077

Mortgage Choice in Woonona. Your mortgage broker for Wollongong and the Illawarra Region since 1998.

Find out what that property is really worth

Whether you're making a move in the property market or re-financing, you want to make sure the price is right. Are you paying too much? or selling too low? An RP Data Comparative Market Analysis (CMA) report can tell you:

  • the property's sale history
  • an area profile
  • recent comparable sales
  • recent median sales price for the suburb.

    Book an appointment with me, your local Mortgage Choice broker and request your FREE property report today .(valued at $89)

    Choosing suitable home loans is easier than you think. From comparing lenders and interest rates to completing the paperwork with a minimum of fuss, our practical, professional support means you get more than just a mortgage.

    We were named the NSW Multi-Operator Franchise of the Year at the Mortgage Choice 2008 Business Excellence Awards So call the award winning Woonona team and experience the difference.

    Providing the best home loans from our panel of lenders since 1998. Servicing Helensburgh, Stanwell Park, Thirroul, Woonona, Corrimal, Fairy Meadow, Balgownie, Wollongong, Lake Heights, Warrawong and everywhere in between.

  • 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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