Neil Gorman
Mob: 0430 500 848
Kate Gorman
Mob: 0407 805 858
Neil & Kate Gorman, your local Home Loan specialists
Looking to buy a new property or refinance your existing one, we'll help you find the most suitable mortgage for your situation.
We have access to up to 23 lenders
You don't pay us for the service we provide
Though we work on a commission basis we get paid the same* no matter which lender you choose, allowing us to focus on your needs.
*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.
The process we'll go through is simple.
I'll start by asking you a series of questions to help you determine what you're looking.
I'll then present back to you a range of options which match those needs, in doing so answering all of your questions including:
How much you can borrow?
What will it cost you (including all the fees)?
What your loan options are
And if appropriate what deposit you'll need
Assuming you decide to proceed, Kate, your dedicated loans processor will complete, submit and manage your application until you receive the funds, keeping you updated on a regular basis.
This is what some of our cuctomers have said about their experience:
Thank you to you both for your help with everything in getting the loan organized for us. We have found dealing with you guys a pleasure, and your help and attention to our needs have been much appreciated. We both agree that if we find ourselves requiring a loan in the future, we will not hesitate in calling upon your services again.
Ben Kilkenny & Bronwyn Snee " November 2009
The service provided by Neil, Kate & the team was outstanding. We really appreciated being continually informed. Thank you so much!
Justin Sullivan & Donna Prendergast " November 2009
Great level of service provided given our very tight timeframe and unusually complicated settlement process " thanks!
Toby McMillan & Sarah Threlfall " October 2009
Not a lot to say really, you're just good people doing a good job in every aspect I was concerned with " Cheers!
Ben Hennessy, Brunswick " August 2009
Great explanations of loans, great communication. I knew what was happening every step of the way
Stephanie Randles, Moonee Ponds " July 2009
As First Home Buyers, we were very naïve to the complexity of buying a house. Neil, Kate & the Mortgage Choice team were extremely professional, friendly & available to help with any & all questions we had. We were very satisfied with their customer service.
Jamie Elliott & Kimberley Lam, Coburg " July 2009
If you want to know more about Kate or myself please click on the Our Team tab
Testimonials
As First Home Buyers, we were very naive to the complexity of buying a house. Neil, Kate & the Mortgage Choice team were extremely professional, friendly & available to help with any & all questions we had. We were very satisfied with their customer service.
Jamie Elliott & Kimberley Lam, Coburg – July 2009
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.