Welcome to Mortgage Choice in Blacktown

Michael Johns
Mob: 0413 153 254

30 / 15-17 Kildare Road
BLACKTOWN NSW 2148
Tel: 02 9676 8227
Fax: 02 9676 1343

Thanks for looking at my site.
Over the last 11 years (since September 1998) I have built my business on honest, and professional service, in a down to earth environment.
I enjoy the daily tasks of helping homebuyers and refinancers with the finance process.
We also offer complimentary Residex Property Reports for our pre approved clients and can offer 3 months free Loan Protection Insurance Cover.

In my spare time I play cricket (Seven Hills Toongabbie RSL Club and Berowra Masters), enjoy triathlon (member Hills tri club) and bushwalking. I even managed to successfully complete the Kokoda Track in 2007 and do the Oxfam Trailwalk in 2008.
I am married with 3 kids and live locally so I really understand the local property and finance markets.

I believe that these experiences give me a great empathy towards my clients and I get a lot of satisfaction out of helping others achieve their goals.

I am an active member of our industry body MFAA , and I undertake regular training to keep up to date on all product and policy changes in the home loan market.

Please feel welcome to give me a call anytime to discuss your particular circumstances.

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.