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 24 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:
Both Kate & Neil helped us every step of the way, being very informative and making the whole process much less stressful " Thank you.
Sarah Porter & Bryden Strong " January 2010
Extremely happy with the helpful & friendly service
Geraldine Hambrook " December 2009
The service provided by Neil, Kate & the team was very timely, informative and helpful. All of our needs were met and any questions that we had were answered thoroughly. The level of customer service was extremely high and attitudes of Neil & Kate were almost reminisce of dealing with friends. The follow up was excellent.
Gabby Wolski & Jarrod Higgins " December 2009
Despite my disorganization, you remained positive and helpful and made an often torturous process easy. Thanks so much for all your help. I really appreciate the extra efforts you made.
Caroline Kruger " December 2009
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
If you want to know more about Kate or myself please click on the Our Team tab
Set resolutions to repay your home loan sooner
This year's tips for budgeting, spending and managing your mortgage
Becoming a better budgeter, wising up on spending and making the most of any savings can help borrowers master their mortgage and own their home outright sooner, according to Australia's largest independently-operated mortgage broker, Mortgage Choice.
Company spokesperson, Belinda Williamson said, "If your goal is to pay off your home loan sooner, the beginning of the year is a great time to set new financial resolutions."
"Challenge yourself to ramp up your home loan repayments by readjusting your budget and finding ways to make extra contributions to your mortgage.
"Well thought-out saving, spending and loan repayment strategy decisions can help put you months or even years closer to living mortgage free. Keep in mind even small financial changes can have a big impact on how much interest you pay over the life of your loan and the length of your loan term."
Mortgage Choice offers these financial resolutions to help borrowers own their home outright sooner:
Resolution 1. Become best buddies with your budget
If you don't already have a budget, the New Year is the ideal time to start one. Ensure it factors in all your regular spending - home and/or other loans, utility bills, medical expenses, memberships, grocery bills, insurance costs, etc. Don't forget to include funds for socialising treats. Be honest with your budget and refer to it each time you contemplate a new expense.
Resolution 2. Slash your cash limit
Consider ways to cut your daily spend. For instance, a daily caffeine hit at $4 per weekday equates to $80 per month. Did you know by making a coffee an every-second-day spend and contributing $40 extra per month to your mortgage from day one (based on a $300,000 loan over 30 years at 7%) could reduce the total interest owed by around $31,000 and the loan term by almost 2 years?
Resolution 3. Review your home loan with a fine-toothed comb
There could be underutilised loan features costing you money or features worth refinancing for. Get to know your loan's features. Your mortgage broker can help review your current loan and its features and identify any opportunities to shop around for something better suited to your goals.
Resolution 4. When rates fall, keep repaying more
If your home loan's interest rate has recently fallen, consider keeping your repayments at the higher, pre-fall rate. For example, take a home loan of $300,000 at 7% over 30 years. If your rate reduces to 6.5% and you keep repaying your loan as if the interest rate was still 7%, you could shave approximately 4 years off your loan term and save around $60,000 in interest owed.
Resolution 5. Make the move from monthly to fortnightly
Switching your monthly repayment to fortnightly may make a significant difference to your loan term and the interest owed. There are 12 months and 26 fortnights in one calendar year; by paying fortnightly, you make the equivalent of 13 monthly repayments. The savings, based on a $300,000 loan at 7% equates to around $103,000 in interest and about 6 years and 6 months off the loan term.