Stuart Ellicott
Mob: 0411 883 235
Mortgage Choice in Hornsby. Your local home loan specialist.
Welcome to my web page. My name is Stuart Ellicott and I've been Hornsby's local Mortgage Choice home loan specialist since 1996.
For over 10 years I've been helping clients from Hornsby and all over Sydney with their home loan needs. If you need any assistance with the following, give me a call on 9476 3700:
Home loans for first home buyers or information about applying for the First Home Buyer Grant (FHOG)
If you need to review your current home loan to upgrade from your existing home If you are considering investing in property If you need to Top-up your existing home loan for renovations or further investment
Do you need to consolidate debts to reduce monthly payments
Many of my clients that started out with their first home loan have since upgraded to a new property or used the equity in their current home loan to venture into property investment. It's satisfying to help new and existing clients arrange their home or investment loans, and watch their wealth increase.
Are you a first home buyer looking to purchase a property soon?
If you don't have the knowledge and understanding of the process of arranging your home loan, don't be concerned. My job is to find the most cost effective home loan option for you and I'll review hundreds of loans from dozens of lenders to make sure we find the home loan that suits your needs.
I'll work with you throughout the process from interview, to lodging the application, and will liaise with the lenders to keep you up to date with how the loan is progressing all the way through to settlement. This will remove the stress from the process and enable you to get on and find the right property.
If you are interested in attending a First Home Buyers Seminar, please email me or call me for the latest options.
How can I use the equity I've built up in my home?
As you pay off your home loan your debt decreases and over the years the value of your property may increase. If you find yourself in this situation, as many living in the local Hornsby area do, you may have equity which you can draw upon for a range of reasons. These can include investing in property, upgrading to a bigger place, or renovating your existing home.
If any of these sound interesting to you, you'll need to sit down and assess your home loan. I've helped hundreds of clients through this exact process. Give me a call today and I'll review your current home loan to make sure it's working hard for you.
If you live or work in Hornsby, Berowra Heights, Beecroft, Cherrybrook, Waitara, Asquith, Mount Colah, Hornsby Heights, Pennant Hills or Thornleigh, call me to make an appointment.
For Choice, Convenience and Experience, when looking for the right home loan to meet your needs, don't hesitate to give me a call to discuss your options. You can also visit me at my office in Hornsby. Level 1, 147 Pacific Highway, HORNSBY NSW 2077
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.