Donna Robson
Mob: 0404 666 639
LET ME DO ALL THE RUNNING AROUND FOR YOU,
Donna is a HOMELOAN SPECIALIST willing to share her expertise to help you better understand how she can MAKE YOUR DREAMS COME TRUE.!.!
ARE YOU FINDING IT HARD TO: # make the time to compare what is on offer from all the lenders? # find a loan without all the fees & charges? # know if you are eligible for a Package Deal? # find someone who can think outside the square? # to sort out any bad debts & not knowing where to go from here? # raise your 5% Genuine Savings, not a problem, not every bank requires Genuine Savings.
Our Mortgage Choice office has been servicing the SNOWY MOUNTAINS area for the past three years so if you are after local expertise along with a wide offering of home loan products and the skill to choose between them, why don't you give us a call on 02 6457 1981 or 0404 6666 39
To better understand how we can help you achieve your home loan goals please feel free to contact us by clicking on the Contact Us link above or calling us , or emailing ANY questions.
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.