First home buyer A. Ross explains how his Mortgage Choice broker made buying a first home easy.
As a first home buyer I was hesitant about getting into the property market. I had been with the same bank for 15 years, but three years ago, when I started to enquire about a home loan, they told me to come back when I had a bigger deposit. They never got in touch to see how I was progressing and I felt the bank just wanted interested in me as a customer.
The upshot was that I began to feel I wasn't good enough to take out a home loan.
Earlier this year I met my Mortgage Choice broker at a home expo. We clicked instantly – I felt really comfortable with my broker, and she has been amazing throughout the whole process of buying my first home.
I literally did not do anything – my broker did all the hard work for me. I have to admit I'm more of a spender than a saver, so first up, my broker explained how I could manage my money better.
From there, my Mortgage Choice broker did everything on my behalf - even organising pre-approval of my home loan. It's with a bank I hadn't considered, but I am very happy with loan and the rate I'm paying.
My broker came along to the auction of an apartment I was interested in, giving me valuable moral support. She explained the highest price I could go to based on my finances, and it turned out I was the highest bidder at exactly that price!
I moved into my apartment in May and I'm very happy with it. It's in a great spot in Melbourne's St Kilda with a unique design and a lovely courtyard. It's a winner all round, and I'm thinking about holding onto it as an investment if I upgrade to another home later on.
The amazing thing is that the day I transferred a lump sum of cash out of my account to pay for the apartment my old bank finally sat up and got in contact with me. I felt like asking “Where have been all this time?” – I hadn't even been worth a phone previously.
I'd definitely recommend Mortgage Choice. If I had known it would be this easy to arrange a home loan and buy a place of my own I would have done it years ago!