Your local Mortgage Choice broker for Canberra and surrounding areas of NSW
We service all areas including North Canberra, South Canberra, Belconnen, Gungahlin, Woden, Weston Creek, Tuggeranong, Queanbeyan and surrounding areas of NSW.
Did you know:
- that Mortgage Choice is Australia's largest independently-owned mortgage broker?
- that Mortgage Choice has no products of its own to promote, but has access to hundreds of loan products from a large panel of Australia's leading lenders?
- that Mortgage Choice's services are at no cost to you, the client? Mortgage Choice is paid a commission by its panel of lenders, and pays a standard rate of commission to its brokers regardless of which lender or product you choose.*
How much better can it get!As your local Mortgage Choice consultant, Vince Sutherland can assist you with a wide range of home loan services including:
- First Home Buyer loans, and First Home Owner Grant applications;
- Land and Construction loans, or House and Land Packages;
- Refinancing your existing home loan;
- Equity loans for renovation or investment purposes;
- Debt consolidation;
- Property Investment loans;
- Bridging loans and Deposit Bonds;
- Mortgage Protection, Income Protection and general insurance needs.
Vince Sutherland has lived in Canberra for many years and has considerable experience in and knowledge of the local property market and property investment. Since joining Mortgage Choice, Vince has helped many clients realise their first home and investment goals.
Vince can assure you of the highest level of professional, friendly and prompt service. As a Mortgage Choice consultant, he will work with you to identify your needs and locate the most appropriate solution from the wide range of products available through Mortgage Choice's panel of lenders. He will also take care of the whole process including preparing and submitting your application to the preferred lender and following this through to settlement.
And be assured, too, that Vince will keep in regular contact with you to make sure that your home loan continues to meet your current and future goals and circumstances.
As an experienced property investor, Vince can also assist you towards achieving your property investment goals by identifying the best investment loan options for you. You should, of course, begin by obtaining appropriate advice from your own financial and tax advisers.
As a Mortgage Choice broker, Vince Sutherland is an
Accredited Mortgage Consultant with, and full member of, the industry's peak professional body, the Mortgage & Finance Association of Australia (MFAA). He holds a
Certificate IV in Financial Services (Finance/Mortgage Broking), and is committed to maintaining his professional standing through ongoing training and professional development.
Call Vince at any time on (02) 6255 5980 to discuss your home loan needs, or click on the "Contact Us" link above to complete an enquiry form now.* This information refers only to loans provided by our panel of up to 23 lenders with whom Mortgage Choice has an arrangement under which it receives commissions and other payments.
How will today's rate cut help you?
Save more by revving up your loan repayment strategy
Published: 3rd May, 2012
Provided lenders pass on all or most of today's Reserve Bank cash rate cut, astute home loan holders who maximise this opportunity could save thousands of dollars in interest and shave months, or even years off their loan term, according to Australia's largest independently-operated mortgage broker, Mortgage Choice.
Company spokesperson Belinda Williamson said, "We hope today's move by the Reserve Bank to lower the cash rate by half of a percentage point to 3.75% does not become a non-event for variable rate borrowers. A decision by lenders to pull the rate lever will likely have a much needed, positive impact on property buyers' plans and borrowers' ability to repay their home loan quicker."
"It is no secret that some lenders have shown a reluctance to pass on the full rate cut in a bid to safeguard their businesses against future funding costs. However, we are hopeful that in an effort to reignite the property market, entice new customers and in the spirit of competition, lenders will lower their home loan interest rates.
"Even if lenders, regrettably, pass on only part of the cash rate cut, astute borrowers who rev up their loan repayment strategy by keeping repayments at the pre rate cut level could save thousands of dollars in loan interest and shave months, or years off their home loan term."
If a lender passes on the full 0.50% rate cut announced today, for someone with a $300,000 loan at 7.25% over 25 years, it would lower monthly loan repayments by around $96.
"If a borrower continued to repay their loan at the pre cash rate cut level, leaving the monthly savings of $96 in each repayment, it could save them $68,364 in total interest payable and may see them repay the loan two years and eight months earlier," said Ms Williamson.
"If lenders choose not to pass on all, or most of the cash rate cut, borrowers should see it as a signal to shop around for a more competitive deal. Of course, they should not move from one lender and/or loan product to another without carefully weighing up the cost versus benefit of doing so.
"Health checking a home loan with a mortgage broker is a great way to ensure you are getting the deal suited to your needs and financial circumstances."
To see the impact extra repayments can make to your home loan, visit Mortgage Choice's Extra Repayments Calculator:http://www.mortgagechoice.com.au/extra-repayments-calculator.