Peter Phillips
Mob: 0403 180 670
Ben Phillips
Mob: 0412 177 181
Award Winning Mackay Home Loan Specialist
Servicing Mackay and district, North to Bowen, including Airlie Beach and the Whitsundays, South to Sarina and West to Moranbah.
2009 QLD BUSINESS EXCELLENCE AWARDS 6 YEARS HIGH FLYER NATIONAL ACHIEVEMENT AWARD
At Phillips' Mortgage Choice our commitment is to you. We offer a well informed high quality brokerage with over 40 years combined finance experience and best of all we don't charge for our service.
If there's any chance whatsoever that we can turn your financial goals and dreams into reality we will, whether you are buying your first home, needing a top-up , looking to invest or you just need advice on how to get started.
In today's economic climate it's even more important to do your homework and shop around. The problem is who has the time?
In just one interview with access to 24 lenders and hundreds of different products we can search and identify what offers are most suited to your needs.
Attention to detail, dedication and reliable customer service for the past 10 years has helped us establish a good reputation within the Mackay market.
We promise to do our best and appreciate all feedback, good or not so good so we can stay abreast of what our customers want.
Make the right move, and call us today on 07 4953 2799
Yours sincerely
Peter and Ben Phillips
Your financiers for Life
peter.phillips@mortgagechoice.com.au
Testimonials
"It's hard to improve on excellent Peter!
Once again you and your staff have been so very helpful in procurring our new loan and with great attention to detail.
We would have no hesitation in recommending your service to anyone.
Just keep up the great work and interest in our affairs."
Alan Williams and Jan Atkinson
11.06.2010
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.