MORTAGE CHOICE

Welcome to Mortgage Choice in St Leonards

We pride ourselves on helping our clients achieve their dreams. During the last seven years, we've helped hundreds of people on the North Shore with buying their first, second and even third homes. Whether you're a first home buyer, looking to save money or consolidate debts by refinancing your existing loan, or want to invest in property, we will help find the right home loan for you.

Unlike other mortgage brokers, Mortgage Choice isn't owned by a bank, and we get paid the same regardless of the panel lender with which you take your loan. So you can be confident that the loan that we recommend is right for you!

We are specialists in matching the hundreds of loan products available from our lender panel with borrowers so that you end up with a mortgage that best suits your goals and financial circumstances.

Our experienced advisers have corporate and consulting backgrounds, are tertiary qualified and supported in their research by ongoing investment in technology. We want to ensure your experience with us is worth talking about!

Is now a good time to invest in property?
We've been receiving a lot of enquiry from potential investors asking if now is a good time to invest in property. Over recent months the competition for property has been strong with first home buyers wanting to take advantage of the Federal Government's first home owner's grant boost.

Broadly speaking this has had the result of driving up prices for those properties up to a $500,000 purchase price. Now that the boost has been removed, demand from first home buyers will likely diminish slightly, and with that, prices too may fall slightly.

Conditions are favourable for investors. There are some positive factors at play in the Australian property market to encourage investors into to the market. These include the low level of interest rates, relatively stable prices, historically low rental vacancies, higher rents, undersupply, as well as healthy migration levels.

Your unique circumstances will ultimately dictate if now is a good for you to invest in property. We'd be happy to meet with you to discuss your goals and determine how we may be able to help you.

Have we reached the bottom of the interest rate cycle?
The RBA's decision to lift rates has many borrower's asking if now is a good time to fix their home loan. When weighing up the decision, borrowers should consider everything from their lifestyle and life goals through to their financial situation and investment strategy.

There are pros and cons for fixed loans and variable loans. Simply, variable rate loans tend to be more flexible (in terms of features and the interest rate) and you can take advantage of falls in rates but when rates rise, so too do your repayments. Fixed rate loans provide peace of mind, keeping repayments stable over a fixed term. However, there may be fewer features available and it is important to remember that once you are locked into a fixed loan, you may incur substantial break costs and a fee to switch to another loan type.

When considering a refinance, it is important to have your break costs clearly explained by a professional so you can work out the overall savings to you. Call us if you want to find out if refinancing is right for you.

Incentives abound for first homebuyers. Government Grants, stamp duty concessions, and historically low interest rates have made it a great time for first home buyers in particular to get into the property market. You may be pleasantly surprised at the affordability of buying your first home compared to renting. We will take the time to explain the process to you and do all the legwork for you.

Call us to talk through what you'll need to get started with a loan application.

Corporate Services
We offer unparalleled service not only to individuals, but corporate employers wishing to improve their employee value proposition through our employee benefit program.

We work with a number of employers currently and provide work-based seminars, home loan reviews and on site consultations for their staff. If you're interested in hearing more about these services please call us to discuss this unique program.