Linda Ireland
Mob: 0414 012 714

45 Main Street
BUDERIM QLD 4556
Tel: 07 5476 9333
Fax: 07 5476 9328

Welcome to Mortgage Choice Buderim

Linda has been with Mortgage Choice for the last six years, and runs a multiple award-winning business including:

Winner: High Flyer Award - top 10 in Australia 2008
Winner: QLD Multi Franchise Owner of the Year 2007
Winner: High Flyer Award - top 15 in Australia 2007
Winner: High Flyer Award - top 15 in Australia 2006
Winner: National Rookie of the Year

She has a passion for delivering the highest level of customer service, and vast experience with property investment and portfolio management. She also has an accounting degree.

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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