Tony Fornaro
Your Home Loan Specialist in North Brisbane
High Flyers Award 2002, 2003, 2004, 2005, 2007, 2008
Finalist - Australian Mortgage Awards - Sales Manager of the Year 2006
Whether you're buying for the first time, onto your second home or developing your investment property portfolio - purchasing property can be a confusing process, so it helps to have someone their to guide you along the way. Calling Mortgage Choice at Chermside is the first step to minimizing the fuss and turning your property dreams into reality.
In my eleven years in the mortgage and finance industry, there are few scenarios I haven't dealt with. Whether you're after a pre-approval, you've found your dream home already or need to get things happening quickly - our dedicated team are here to help you along every step of the way and best of all, we don't charge for our services.
AND WE DON'T JUST STOP AT HOME LOANS! We can help you with personal loans, commercial loans, investment loans, professional needs analysis, professional packages, debt consolidation and reduction or even refinancing.
Make the right move, and call us today on 07 3624 0755.
Yours sincerely,
Tony Fornaro
Is buying property your new year resolution?
Mortgage Choice, Australia's largest independently-owned mortgage broker, is encouraging potential investors and ‘next' homebuyers to fine tune their financial strategy now for 2010.
With less competition expected in the lower end of the market thanks to the expiration of the First Home Owner Boost on 31 December 2009, the new year could be a prosperous one for buyers keen to further their foothold in the Australian property market.
Those who have done their research, know their borrowing limit and have a good idea of the mortgage options available will be well ahead of their purchasing rivals.
Those who are savvy will already be paying attention to mortgage market commentary, factoring a number of interest rate rises into their budget, checking their loan options, looking at getting pre-approval and carefully considering if 2010 is the right time for them to purchase. Deciding when is the right time can help you avoid inflated house prices and repayments you can't really afford.
Testimonials
"As first home buyers we greatly appreciated how informative the Mortgage Choice at Chermside staff were. Tony and his team did all the hard work in the application process for us and made the whole experience easy and stress free. We would gladly use Mortgage Choice again for any home finance needs. Many thanks."
Matthew and Tanya
“I would like to know how I make a complaint about how good a member of your team has been ha ha!
Myself and Angela would like to first thank you for helping us Lillian in obtaining the mortgage and the reason behind the email is to say how good Charlie was through the process of the application!
She kept in touch whether it be by email or at least a phone call nearly everyday, and she never complained once about the amount of phone calls she received from me on a daily basis nagging to see where we was up to ! And also it impressed us both how professional she was all the time when dealing with us, and the thing that impressed me the most was that when she called to confirm that the money had been approved she was just as happy as me and all excited down the other end of the phone, which goes to show how much her work means to her!
I will be spreading the word about Mortgage Choice to everyone about how good you guys actually are, and mainly the guys in your branch! Lillian I would like it if you passed this mail on to your superiors because I would like for you guys to get some recognition and applause for your excellent work, you both deserve it!â€
Ray & Angela
“We are glad we used Mortgage Choice to explore all the avenues for refinancing our home loan. We especially liked the fact that all the products available out there were explained in simple terms so we understood all our options. No stuffy bank managers, just down to earth friendly people to help you get the end result. We would recommend them to anyone. The follow up updates were very reassuring every three days.â€
Peter and Diane
“Dear Tony, we moved in last week and wanted to send you a thank you for all your hard work. The feedback throughout the process from the girls was very much appreciated. We always felt that you were on top of the lender to give them that extra push. We will certainly recommend you to anyone we know looking for a new home.â€
Lesley and Warren
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.