Welcome to Mortgage Choice at Annandale, your Inner West Home Finance Specialist

Richard Ferguson
Mob: 0419 635 692

131 Booth Street
ANNANDALE NSW 2038
Tel: 02 9873 3990
Fax: 02 9873 5453

My name is Richard Ferguson and I own and operate the Mortgage Choice franchise for Sydney's Inner West.

Being the longest established franchise in the Inner West we have the necessary experience and commitment to help you achieve your financial goals.

I graduated from Oxford in 1980 and have had a career in both hospitality and with Price Waterhouse. I am a Justice of the Peace in NSW and hold a Diploma of Financial Services (Financial Planning).

As a business operator and franchisee owner, I am able to assess and evaluate the most appropriate loan for your needs and circumstances. I combine my customer service and financial skills with the unique and highly sophisticated Mortgage Choice computer software to find the home loan that suits YOUR needs. I do all the follow-up and general running around, which of course, saves you time, energy and stress - leaving you to enjoy the more exciting things in life.

With instant access to a wide range of Australia's leading lenders, I will guide you through the many loan choices available, complete and submit the loan application and be available to you throughout the process to settlement and beyond.

Call in to our office at 131 Booth Street, Annandale or we will gladly visit your home or office at any time that suits you.

Take the first step to finding the home loan tailored to your needs and call today on 0419 635 692.

Testimonials

You really did go 'above and beyond' and provided lots of good advice. We would gladly recommend your services to friends looking for a great mortgage broker. G and A Russell. (Croydon). Thank you so much for all your help in getting us our first home loan. I'm sure we must have taken far more of your time than other clients - as our questions were endless !! We really appreciated your patience - thanks again. Felicity & Carlo (Five Dock). My wife and I will recommend you and your services unreservedly. You were straightforward, open and clear. You even helped us save money by telling us about a recently changed law which even the bank didn't know. J Kenyon (Annandale)

We just wanted to say a huge thank-you for your efficient, professional & friendly service. You have always been very knowledgeable, patient & available to answer all our questions in the purchase of our first property & we very much appreciate it. We will highly recommend your service to all our friends & family - thanks again ! Tamara, Mark (and Dylan) Hughes (Drummoyne) You were very patient with all our enquiries and took the time to explain things in laymans terms. M Branagan (Earlwood).

That really was the least hassle I have ever been through for anything so major. Thank you. If I compare how much time and running around we did when we were arranging our own mortgage it was nothing ! I also appreciate your courtesy, promptness and absence of any pushiness/pressure in persuading us to go with your company - Mortgage Choice. Wishing you more success and happy customers ! Samuel & Nicole Hague (Annandale) Very Impressed. Gave relevant advice, very professional and was flexible with availability to our requirements. Was prompt with returning calls. Stayed calm when things got stressfull ! K & P Dymond (Balmain)

We thought you did a fantastic job and you were most considerate even when we kept ringing you with the same questions over and over again. Hopefully, we won't be so paranoid the next time we buy a house. We certainly wouldn't hesitate to recommend you to our friends. All the best. Kerry McMorrow (Chippendale) Your service is amazing & I am extremely grateful for all your work in assuring my settlement eventually went through. Out of all the people I had communications with during this period you were the most professional, helpful and punctual by far ! Thank you. S Lamb (Granville).

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.