Trent Winstanley
Mob: 0424 156 302
MORTGAGE BROKERS - SPECIALIST HOME LOAN ADVICE - ADELAIDE CBD, PROSPECT & NORTH ADELAIDE.
WHY MORTGAGE CHOICE?
We make the process simple for you and give you these 5 reasons to use Mortgage Choice for your next Home Loan.
WIDE CHOICE OF HOME LOANS
We have 24 of Australia's leading lenders on our panel to help you choose the right home loan. this way we have everything at our fingertips that allows you to get the best home loan.
WE DO NOT CHARGE FOR OUR SERVICE
That's right! Our service does not cost you a cent so why not make a quick call to see how we can help you.
CONVENIENCE
We can meet at a time and place that suits you and saves you the hassle of running around town looking for the best deal.
PROFESSIONAL ADVICE
At Mortgage Choice, we are members of the Mortgage & Finance Association of Australia and have full accreditation with every lender on our panel. We have many years experience in Australia's property market.
We can offer you a wide range of professional Home Loan advice depending on your requirements, including:
First Home Buyers
Refinancing Existing Home Loans
Debt Consolidation
Investment Property Loans
Fixed vs Variable Rate decisions
Selling or Moving Home
Top up existing loans
Equity Loans
Reverse Mortgages (Seniors Loans)
Where's the best place to buy?
The good news for property investors is that house prices are now stabilising (that is, they've stopped falling) and in, general, the rental market is still tight in terms of vacancy rates. As we mentioned in our last post, the report noted that there is still a big shortage in housing stock, a fact that will help mitigate against big price falls in the future.
The even better news? QBE LMI is forecasting double digit growth in house prices across all capital cities between June 2009 and June 2012.
Here's what they're predicting:
Adelaide +23%
Sydney +21%
Melbourne +19%
Brisbane +15%
Perth +12%
So, it seems many housing markets around Australia are looking up, but are there suburb hot spots to look out for? A good idea is to look for properties close to transport, shops, schools, colleges and universities.
Testimonials
We were very impressed that Trent came to visit us at short notice & did all he could to gain approval from the bank very quickly after presenting us with a selection of the best products available. Overall a fantastic help to secure our first home!
M. Belton - Flinders Park SA - First Home Buyer
Trent is very efficient & professional. I highly recommend him.
R. Wesley - Crafers SA
We are so appreciative of everything you did for us in regards to our loan and the advice you gave us. Thanks again.
S. Spicer & J. Neville - Woodville South SA - First Home Buyers
Trent was knowledgeable, he gave us helpful advice and he was flexible in the location & time to meet. Thanks!
A. Bouchard & A. Steele - Goodwood SA - First Home Buyers
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.