Gerry Grant
Mob: 0416 078 089
Sally Tian
Mob: 0403 493 026
Sydney CBD Mortgage Brokers
Are you a first home buyer or property investor looking for home loans? Or are you simply looking to refinance, but are confused of the next steps to take?
Chances are you have considered going on a home loan hunt on your own and have a lot of questions:
Which one of the many home loans in the market will be the most suitable for you?What kind of features would you want to have in a home loan?What level of mortgage repayment can youI afford?Which home loan lenders should I speak to?Which home loan products should I look at more closely?We can help you answer these questions. Book an appointment with us in Sydney using the
"Contact Us" link at the top of this page or phone us on 0416 078 089 or 0403 493 026
The Home Loan Application Process ExplainedStep 1 - Initial face-to-face meeting & interviewYou attend a first meeting with one of us where you explain your home buying goals and your mortgage requirements. Since we are mobile brokers, you can select the meeting location - whether this is your home, your office or a local cafe.
Step 2 - Researching the home loan productsBased on your specific requirements & financial circumstances, you can choose from a number of mortgage lenders and home loan products. Depending on the products, you will be provided with some feasible options to choose from. Mortgage Choice has access to a wide range of lenders and hundreds of home loan products for comparison.
Step 3 - The home loan applicationWith our thorough assistance, you will gather the appropriate documents for the lender's requirements and we will complete the mortgage application. Throughout the entire process, you will be regularly updated on what the next steps are so that you will always feel in control of the entire process.
Step 4 - Submission of the home loan applicationYour home loan application will then be submitted. We will assist the lender, on your behalf, with any further questions throughout the approval stage of the loan.
Step 5 - Settlement of the loanShould you require any extra assistance during the settlement, We are available to help. We are also available to assist the lender should they require any additional information.
Step 6 - Post settlementIf the need arises, We will be available to assist you at post-settlement. You will also have the opportunity to give an evaluation feedback just so that we know how your entire service experience went.
We look forward to helping you buy your dream home.
Contact us using the "Contact Us" link at the top of this page or call one of us at 0416 078 089 or 0403 493 026 to arrange an initial interview.
Testimonials
Hi Gerry
Thanks so much for the Congratulations! It's all very exciting and a little stressful - so much to do - so little time! I wanted to thank you also for making the whole process go so smoothly. It was far less trouble than the other times I went through this. I will definitely be in contact for anything in the future.
Thanks again and best regards
Jocelyn Rashleigh|||Jocelyn Rashleigh|||Refinancer|||St Peters|||NSW
Thanks very much for all your help Gerry, It was really appreciated.
Caroline|||Caroline Owen|||First Home Buyer||||||NSW
How will today's rate cut help you?
Save more by revving up your loan repayment strategy
Published: 3rd May, 2012
Provided lenders pass on all or most of today's Reserve Bank cash rate cut, astute home loan holders who maximise this opportunity could save thousands of dollars in interest and shave months, or even years off their loan term, according to Australia's largest independently-operated mortgage broker, Mortgage Choice.
Company spokesperson Belinda Williamson said, "We hope today's move by the Reserve Bank to lower the cash rate by half of a percentage point to 3.75% does not become a non-event for variable rate borrowers. A decision by lenders to pull the rate lever will likely have a much needed, positive impact on property buyers' plans and borrowers' ability to repay their home loan quicker."
"It is no secret that some lenders have shown a reluctance to pass on the full rate cut in a bid to safeguard their businesses against future funding costs. However, we are hopeful that in an effort to reignite the property market, entice new customers and in the spirit of competition, lenders will lower their home loan interest rates.
"Even if lenders, regrettably, pass on only part of the cash rate cut, astute borrowers who rev up their loan repayment strategy by keeping repayments at the pre rate cut level could save thousands of dollars in loan interest and shave months, or years off their home loan term."
If a lender passes on the full 0.50% rate cut announced today, for someone with a $300,000 loan at 7.25% over 25 years, it would lower monthly loan repayments by around $96.
"If a borrower continued to repay their loan at the pre cash rate cut level, leaving the monthly savings of $96 in each repayment, it could save them $68,364 in total interest payable and may see them repay the loan two years and eight months earlier," said Ms Williamson.
"If lenders choose not to pass on all, or most of the cash rate cut, borrowers should see it as a signal to shop around for a more competitive deal. Of course, they should not move from one lender and/or loan product to another without carefully weighing up the cost versus benefit of doing so.
"Health checking a home loan with a mortgage broker is a great way to ensure you are getting the deal suited to your needs and financial circumstances."
To see the impact extra repayments can make to your home loan, visit Mortgage Choice's Extra Repayments Calculator:http://www.mortgagechoice.com.au/extra-repayments-calculator.