Level 1, Rear 618 Burke Road
CAMBERWELL VIC 3124
Tel: 03 9813 3522
Fax: 03 9813 3544

Mortgage Choice in Camberwell - your local mortgage specialists

Buying in Camberwell? We can help you find a home loan

Are you buying a home or investment property in Camberwell, Balwyn, Surrey Hills, Mont Albert or Glen Iris? Or looking to refinance your existing property? Peter Machell and the team at Mortgage Choice Camberwell are ready to help make it happen.

We are specialist mortgage brokers with an in depth knowledge of the local Camberwell real estate and home loan markets. Talk to us about how we can help you select, apply for and manage a home loan product that suits you.

Simply contact us using the link above or call us on 9813 3522 to get started.

Why use Mortgage Choice Camberwell Mortgage Brokers?
A specialist mortgage broker can take away the stress and hassles of securing an appropriate and affordable home loan. When using a Mortgage Choice mortgage broker you gain access to a wide range of lenders and home loan products. We understand the subtle differences between home loan options, and give you the support and information you need when making this important decision.

Here's how our service can help you: 1. We analyse literally hundreds of home loan product options from dozens of Australia's leading banks and lenders, and find the options that most closely fit your personal requirements and circumstances.
2. We help you assess the options and decide on your preferred product(s).
3. We then help you through the entire application process, helping with the paperwork and all the finer details, right through to when the deal is finally settled.

So, YOU get the benefit of OUR specialist knowledge, up to date and extensive product database, and helpful assistance from start to finish.

Why work with Mortgage Choice Camberwell?

Peter Machell, Tony Stone and Carol Pizzey are all very experienced mortgage brokers with an intimate knowledge of the Camberwell market. You'll find us in Camberwell Junction (opposite the Target/Safeway complex).

We will save you time & hassle when choosing your home loan no matter what your situation. We work with first home buyers, property investors and existing home owners looking to refinance or simply review their home loan.

Peter, Tony, Carol and their support staff truly enjoy helping buyers through what can be a daunting, confusing, stressful and time-consuming process. With us, you get the benefit of working with local mortgage brokers with local knowledge of the Boroondara area (Balwyn, Camberwell, Surrey Hills, Mont Albert & Glen Iris).

Furthermore we pride ourselves on our client relationships past the date of settlement. We're here to help you with any query, no matter how small throughout the life of your loan.

We come to you. To reduce the hassle even more we are happy to come to you during the day or after hours.

We're here to help - every step of the way. But the very first step, is up to you - so why not call us on 9813 3522, or click on the link below today?

Level 1, Rear 618 Burke Road
CAMBERWELL VIC 3124
Tel: 03 9813 3522
Fax: 03 9813 3544
Email: peter.machell@mortgagechoice.com.au

Shopping around is the key to getting a good deal on any purchase, which is why mortgage brokers continue to gain popularity with financially savvy borrowers. Choice and convenience are major reasons why 40% of all new home loans in Australia are sourced through brokers.

However, few people are aware of the great lengths a broker's valuable service can extend to. There are extra efforts made on behalf of their customers that most wouldn't ever expect.
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The federal government's announcement on 25 March that home loan exit fees are banned from July 1 onwards is causing confusion with a number of borrowers who are trying to decide whether to switch now or later.

The answer? Timing isn't the real issue.

Given the wide variety of special offers and incentives in today's competitive market, potential refinancers must ask themselves: will I miss out on the home loan best suited to me because I was worried about possibly coming across an exit fee down the track? Our recent refinancers survey* found 46% didn't pay exit fees and 22% paid $500 or less.

So, many people need not be concerned about the 1 July deadline, however it's best to be informed and understand the fine print. Exit fees should be part of the consideration equation but not the sole basis for choosing to refinance or stay put. It is important to factor in all aspects of a loan. A professional, experienced mortgage broker can help with this.

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.

You are professional, calm and informed. I've dealt with Peter for my last three loans and am soon going to knock on his door for my fourth!

Phil Smith
Property Investor
Lane Cove, NSW

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