Jeffrey Payne
Mob: 0423 624 562
Michelle Payne
Mob: 0432 643 145
Home Loan Broker - Victoria Point, Thornlands, Redland Bay & Surrounds
My name is Jeff Payne and as your local Mortgage Choice broker servicing the Bayside/Redland Bay area, I look forward to helping you achieve your dream of buying your first home, your subsequent home or investment property. If you're already in your home, I can also assist you with obtaining a home loan for renovations or debt consolidation for easier repayments.
Why choose Mortgage Choice at Victoria Point?
Access to hundreds of home loans from our panel of up to 25 lenders, you don't need to shop around. I do not charge for my home loan service. I get paid the same* commission, regardless of lender, so work with you to help you chose the loan that suits you. I am fully mobile so can come to your house, work or some other location at a time that suits you. I take the time to explain the different features between the home loans offered by each lender. I do all of the paperwork for you. Once a loan is submitted, I keep you fully informed of the progress of the home loan application and chase up the lenders to meet finance and settlement dates. Insurance services: I offer a referral service to creditable insurers for life insurance, trauma insurance, total and permanent disability insurance, income protection insurance, home and contents insurance. I am a Commissioner for Declarations so can witness mortgage documents, First Home Owners Grant applications, etc. *This information refers only to loans provided by our panel of up to 26 lenders with whom Mortgage Choice has an arrangement, under which it receives commissions and other payments.
How can I help? - First home buyer I explain the different policies of the lenders so that you know which banks you qualify with and also complete the First Home Owners Grant so that the funds are available on settlement. Even if you are not ready to purchase make an appointment so I can explain how to go about saving for your first home. You may even be able to use the equity in your parent's home to purchase your home sooner.
- Subsequent home buyer I show you how to set up a loan for your next property.
- Investor I show you how to use the equity in your existing property to purchase an investment property with no or little out-of-pocket expenses.
- Debt consolidation I demonstrate how to use the equity in your home to reduce your monthly outlay by paying off credit cards and personal loans.
- Refinance/restructure your current home loan to better suit your needs and maybe pay your home loan off sooner.
- Renovations I show you how to use the equity in your home to finance renovations and home improvements.
- Investments I show you how to use the equity in your home to obtain funds for investing is shares, managed funds, purchase another car, etc.
Suburbs covered include: Hemmant, Wynnum, Manly, Thorneside, Wakerley, Capalaba, Alexandra Hills, Wellington Point, Ormiston, Cleveland, Thornlands, Victoria Point, Redland Bay, Russell Island and Macleay Island.
I have a shop at
Victoria Point Shopping Centre (near KMart) that is open from 9:00 - 5:30 each week day (late on Thursday night till 7:00 pm) and 9:00 - 1:00 on Saturday. I can remain open later if you book an appointment.
I am a father of four children, all of whom have purchased homes recently, so I know how difficult it is for young people to get their first home. I myself have a home and two investment properties and a business loan. So I have a natural empathy and understanding about the stresses (both good and bad) in owning one's home.
I am an active member of our industry body, Mortgage and Finance Association of Australia (MFAA), and I undertake regular training to keep up-to-date with the myriad of home loan product changes, and new loan types that are available.
Contact me today on (07) 3820 7730 or mobile 0423 624 562 or email me at jeffrey.payne@mortgagechoice.com.au
Testimonials
Could contact you anytime, prompt, friendly. Great to deal with. You went above and beyond what may be required of you with the help you gave me with finance and also what to expect with building. I would recommend you to anyone.
Linda Coup - Victoria Point, Qld
Land and construction loan|||Linda|||Upgrader|||Victoria Point|||QLD
Jeff has assisted me with the re-finance of my family home and investment properties on a number of occasions. Nothing is ever too much trouble for Jeff. He is available day or night to assist you with the maze of paperwork provided by the banks.
It has always been an absolute pleasure dealing with Jeff and I would have no hesitation in recommending him to assist you with all your financial needs.|||N Hall|||Property Investor|||Parkinson|||QLD
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.