Identifying the right home loan for you
Mortgage Choice's unique software helps your broker to provide you with quick answers to your key questions: 'Which lenders do I qualify with?' and, crucially, 'How much can I borrow?' The amount can vary a lot from lender to lender, even though your financial circumstances are the same.
Your Mortgage Choice broker will enter details about your requirements and circumstances, and within seconds our Loan Qualifier software checks the lending criteria of a wide range of lenders from our panel. You can then compare the results together.
Flexible enough to answer your questions
Our software also lets you explore various scenarios with your mortgage broker: What if you paid off your credit card? What if you had a larger deposit? What if your parents go guarantor? You can quickly find out what you need to do to increase your borrowing power and open up new opportunities.
Once you’ve chosen a lender that meets your needs, your broker can switch across to examine that lender's product offering in more detail. As you look through the features, you’ll be able to compare and decide which home loan is right for you.
It's not just about interest rates and fees
A home loan needs to have the features that you’re looking for. Do you want to be able to make extra payments? Do you want an offset account? What sort of penalties apply if you pay out the loan early? Do you want to access funds through internet banking?
On one screen you can compare the features of the mortgages and drill into the details that matter to you. When you find a home loan that you want to consider, your broker can walk through the details for you. If you are interested in more than one product the information will be presented in the same format to make it easier to evaluate options.
Once you and your broker have decided on a loan that suits you, Mortgage Choice takes care of the rest of the application process.