Mark Scherer
Mob: 0403 577 287
Mark Scherer - Local mortgage broker in Highbury, Tea Tree Gully, Modbury and Golden Grove areas
With hundreds of loan products available, it can be difficult to find the home loan that's right for you. Speak with me and I will discuss your options in plain English - that way when it comes to making a decision about your new home, you'll be making an informed decision.
I promise a friendly and professional mortgage broking service at a time and place that suits you.
As your local home loan expert specialising in the following home loans, I look forward to helping you get into your dream home sooner!
First and Next Home Buyer loans
Construction loans
Refinancing for renovations
Debt consolidation
Investment loans
Bridging loans
Deposit bonds
Mortgages for the self employed (low document)
WIDE CHOICE: Mortgage Choice has a wide range of Australia's leading lenders, including ANZ Bank, Commonwealth Bank, BankSA, Adelaide Bank and ING Direct to name just a few. This means that I can provide you with genuine choice from many hundreds of loan possibilities. Now that HAS to be better than choosing from just one lender!
BALANCED & PROFESSIONAL ADVICE: You deal with me, the franchisee, "the person who owns the store". I put my clients first, assuring you of balanced and professional advice.
TIME-SAVING & CONVENIENT: I do the running around, the research and comparisons for you, saving you the time and hassle involved in finding the right home loan. I lodge the application and do all the follow up through to loan approval and beyond. You don't even have to leave home. Now that's convenient!
HIGH VALUE: As a Mortgage Choice franchisee, I do not sell my own products and my commission is the same regardless of the lender you select.* And perhaps best of all, I don't charge you anything for my service - ever!.
I can be contacted on 8264 4492 or 0403 577287.
* This information refers only to loans provided by our panel of up to 24 lenders with whom Mortgage Choice has an arrangement, under which it receives commissions and other payments.
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.