Your local mortgage broker and home loan expert in Brisbane CBD, Brisbane New Farm, Newstead, Teneriffe and surrounds

Call: 07 3638 4670

Jake Swenson, your local home loan expert based in Brisbane CBD, can help you find the best mortgage to suit your needs. Call Jake and his team today.

Call Us Mortgage Choice Brisbane City
Office - 07 3638 4670
Fax - 07 3638 4611

Open Hours Mortgage Choice Brisbane City
Monday - Friday: 9:00am - 5:00pm
After hours by appointment
Free Appointment

Address

Level 4, 120 Edward Street BRISBANE CITY, QLD 4000

Mortgage Choice in Inner North Brisbane

Winners of Mortgage Choice's QLD Bronze award for Business Excellence

Your local Mortgage Choice experts in Inner North Brisbane can take the hassle out of finding the right home loan for you. We do all the legwork and our home loan service is free of charge to our customers, as the lenders pay us.

This means you can have peace of mind, knowing that your broker is focused on the right outcome for you.

Directly servicing suburbs including Brisbane City, New Farm, Newstead, Fortitude Valley, Teneriffe, Spring Hill and surrounding areas in Brisbane, we use our extensive panel of lenders, to find you the most suitable loan for your circumstances, all at no cost to you!

Whether you're a first time home buyer, property investor, refinancing, renovating, upgrading or downsizing, our professional Mortgage Broker and Home Loans specialists help by providing professional and timely Home Loan advice.

Mortgage Choice don't only do Home Loans. We also have an extensive non-residential mortgage product suite, outlined below, and as with the residential mortgage lending panel there is a diverse range of providers for each of these products that cater for a wide array of financial needs and services. Namely the non-residential mortgage product suite includes:

Property Development Finance
Personal Loans
Car Finance
Equipment Finance
Commercial Lending
SMSF Lending
Insurance
Investment Specialists
Depreciation Schedules
Deposit Bonds

Good Reasons to choose us:

Choice for you: we compare a wide range of lenders, with over 400 loan products
A great deal: we negotiate a competitive rate using established relationships with our lenders
No stress: we do all the paperwork and running around for you
No Charge: our home loan service is at no cost to you because of the way we get paid
Flexibility: We come to you. Our home loan consultants can meet you at any time and location that suits you. We also offer after hours and weekend meetings by appointment. You can also visit us at our office in the Brisbane CBD during regular office hours.
Our Expertise: Mortgage Choice is one of Australia’s leading home loan franchise networks, we have the training and qualifications required to be experts in our field.

Frequently asked questions:

Being informed and aware of all the added costs involved, as well as what the many acronyms mean in the home loan process, can greatly reduce your stress and give you the confidence to negotiate for the right price. Here are a few questions that we are commonly asked:

What is LMI? – LMI stands for Lenders Mortgage Insurance. This insurance is something you have to pay to insure the lenders. A bank is taking a chance when they loan you money and most people pay back their loans, but this gives the bank an extra incentive to loan you money.

What is LVR? – This is the Loan Valuation Ratio. It is a simple ratio of the mortgage amount over the value of the property. So, if you want to borrow $400,000 for a $500,000 house you will have an LVR of 80%. If this number is under 80% you will not have to pay LMI. We can work with you to determine what fees you need to pay and with a little tweaking, you may be paying less.

If your LVR is over 80% of the property price you have to pay LMI. When using a calculator it’s important to keep in mind these numbers are estimates as every lender may have different rates – that’s where Mortgage Choice in Inner North Brisbane can really help you, as a mortgage broker we can guide you through this tricky process.

How much is Stamp Duty? – Here’s a quick tip: in Queensland there is a stamp duty concession for first home buyers. The concession is that you will not have to pay as much stamp duty if you borrow under $505,000 for a home loan. This can save you up to $8750 in stamp duty.

Come on in

You can pop by and visit us anytime at our office during regular business hours. If preferred, you make an appointment with us and we can meet you at a time and place that is more convenient for you. Call the office on (07) 3638 4670, to arrange a FREE consultation. We look forward to hearing from you.

jake.swenson@mortgagechoice.com.au

Or simply click on the Contact Us button at the top of this page.

The right home loan for your needs

Our mission is to find the right home loan for your individual needs and to always have your best interests at heart. Plain and simple. Which is why we have such a wide range of lenders to choose from. We can search through hundreds of products to find something tailored to your situation. ~

Client reviews

You know it! Thanks for all your support and advice along the way Jake, made the whole process easier with someone you trust on your side.

Ben & Lindsey G.
17 December 2017

Thank you for helping us with our application, Donna! If we know anyone who are looking into buying a property, we'll point them in your direction. Have a great day!

Karla

Karla
17 December 2017

Andrew was fantastic. He went above and beyond, we would highly recommend him :)

Crystal and Anthony
17 December 2017

Hi Donna,
Thank you for your email, would just like to say we have both appreciated the assistance Mortgage Choice has given us with our new purchase but would like to thank you for your patience, advise and generally caring on our behalf.
We are looking forward to next year and investing further with your assistance.
Cheers
Kylie & Mark

Kylie & Mark
17 December 2017

Working with Donna simplified a complicated process. She delivered what she said she would, when she said she would. Her communication was effective and clear. Would definitely recommend to others.

Carissa G
17 December 2017

Hi Donna & Kim

Lillian and I thanking you for helping us immensely in securing this loan. Our appreciation for your hard work, support and patience is indeed profound .

Have a great day!

Alusine and Lillian

Alusine and Lillian
17 December 2017

A HUGE shout out to the team at Mortgage Choice in assisting me with the purchase of my new home. I originally went to a broker who put through one application for me, it was declined and that was it. He was done with me. Got recommendation from a work colleague to contact Donna at Mortgage Choice. I was hesitant as my first application was knocked back, but Donna and her team did EVERYTHING possibl... read more

Tracey P
17 December 2017

We were very happy with the service we received from Mortgage Choice. From our initial enquiry till finalizing our loan we could not have been happier. All members of the team were extremely helpful and friendly and were only ever a phone call away when we needed advise.

Linda Swain
17 December 2017

The support from the team at all stages was great and responsive to the timelines I needed to work within for a fast settlement. It took a lot of the stress out of the situation which as a first home owner I really appreciated! Thank you!

Nadine
17 December 2017

Andrew Whelan has gone over and above, finding us the perfect mortgage loan to perfectly suit our needs, and has been nothing but a godsend during what was a very difficult time consuming process under our specific circumstances. If we didn't have Andrew in our corner I really don't think we would have gotten over the line.
To any prospective purchasers out there that are looking for a mortgage broker... stop looking. You have found him!

Daniel
17 December 2017

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The borrowing amount is a guide only. Loan repayments are based on the lowest interest rate (either standard variable or 3-year fixed rate, owner occupier) from our lender panel over a repayment period of 30 years. Rates and repayments are indicative only and subject to change. The results from this calculator are an approximate guide only and do not constitute specialist advice. The calculations used should not be relied upon for the purposes of entering into any legal or financial commitments.

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There's a lot to consider when choosing the right loan.

The lowest interest rate from our lender panel is either standard variable or 3-year fixed for an owner-occupier. Rates and repayments are indicative and subject to change. The results from this calculator are an approximate guide only and do not constitute specialist advice. The calculations used should not be relied upon for the purposes of entering into any legal or financial commitments.

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Need help with your next home purchase?

Extra Information

Home Buyer Concession Scheme

From 1 July 2019, the FHOG ACT has been replaced with exemptions on stamp duty. The stamp duty exemption is applicable to all properties in ACT, including vacant residential land and both new and established homes at any price. As this is still to aid first home buyers, to be eligible at least one buyer must live in the home for at least 12 months, starting within 12 months of settlement or completion of construction.

To be eligible, first homeowners in the ACT must have a household income below $160,000. This number increases up to $176,650 depending on the number of children you may have.

Click here for more information on the ACT First home Owner Grant.

Stamp duty concessions in NSW

From 1 August 2020, the NSW government has announced that stamp duty will not be applicable to first home buyers for properties valued up to $800,000 and vacant land valued up to $400,000. This stamp duty exemption will be in place for 12 months to 31 July 2021, in which the stamp duty exemptions will revert back to $650,000 for homes and $350,000 for land.

Additionally, a concessional rate of duty will apply to homes valued more than $800,000 but less than $1,000,000 and vacant blocks of land valued more than $400,000 and less than $500,000

How much is the First Home Owners Grant NSW?

The FHOG in NSW is worth $10,000 however conditions apply. To be eligible, your first home must have a total value below $600,000, and be either newly constructed or ‘substantially renovated’. A home is substantially renovated when most or all of the original house was removed or replaced, and it’s the first time the place has been sold, and lived in, after the renovations were completed.

If you plan to build a new home from scratch, you can still be eligible for the FHOG in NSW as long as your land plus the home you build have a combined value of less than $750,000.

Click here for more information on the NSW First Home Owner Grant.

How much is the First Home Owners Grant in the NT?

The First Home Owner Grant in NT is $10,000. Your income and the price of your home don’t affect the FHOG NT, and the grant is available if you buy or build a new house, apartment, duplex or townhouse.

As of 30 June 2021, there are currently no stamp duty concessions for first home buyers in NT.

Previously the Territory’s First Home Owner Discount was in place from 8 February 2019 to 30 June 2021. It let you save up to a maximum of $18,601 on the cost of stamp duty. The savings were available whether you purchased a new or established home as long as the home was valued under $650,000.

Click here for more information on the NT First home Owner Grant.

How much is the First Home Owners Grant QLD?

As a first home buyer in Queensland you could be entitled to the $30,000 First Home Owner Grant. To be eligible, you need to buy a brand new home or build a home from scratch with the total value (including the land) below $750,000. You may also be eligible if you buy off the plan or an established home that’s been substantially renovated.

As a guide, substantial renovations include replacing or altering foundations or replacing or altering floors. Cosmetic work such as painting the walls or sanding floors doesn’t add up to a substantial renovation when it comes to the FHOG in QLD.

Stamp duty concessions

If you’re buying vacant land to build your first home, you pay zero stamp duty as long as you pay $250,000 or less for your block. Concessions are available for vacant land valued above $250,000 and up to $400,000. Whereas if your first home is valued up to $500,000, you pay zero stamp duty. That’s a saving of $7,175 which is the maximum stamp duty rebate available to first home buyers in QLD.

Additionally, savings on stamp duty may still be available if you pay between $500,000 and $550,000 for your first home. As a guide, if your first home is worth $530,000, you pay stamp duty of $6,300 a saving of $3,500. These savings cut out altogether if your first home costs $550,000 or more.

Click here for more information on the QLD First home Owner Grant.

How much is the First Home Owners Grant SA?

There are currently no specific stamp duty concessions available for first home buyers in SA.

The $15,000 FHOG in South Australia is only available to first home owners who buy a new home. You can choose from a house, apartment, townhouse or villa.

You will only be able to claim the FHOG SA if you pay below the following amounts for your home:

Before 14 June 2023: $575,000
After 15 June 2023: $650,000

You can also claim the First Home Owner Grant in South Australia when you buy a block of vacant land to build your first home on. However, the end value of your building plus land must be no more than $575,000.

Click here for more information on the SA First home Owner Grant.

Stamp duty concessions in TAS

If you buy an established home, you are not eligible for the FHOG in Tasmania but you may be able to claim savings on stamp duty. If you’re home is valued at

$400,000 or less, you will receive a 50% discount on the property transfer duty (stamp duty).

How much is the First Home Owners Grant TAS?

The FHOG Tasmania is worth $30,000 until 30 June 2022 but only when you buy or build a new home. Off the plan purchases are also eligible. In Tasmania, there is no limit on the purchase price of the property, and the FHOG is not means tested.

Click here for more information on the TAS First home Owner Grant.

Stamp duty concessions in VIC

First home owners in Victoria don’t pay stamp duty at all on their first home as long as the property is valued below $600,000. You may still be eligible for savings on stamp duty if you pay between $600,000 and $750,000 for your first home. The stamp duty concessions available in Victoria apply to both established and new homes.

How much is the First Home Owners Grant VIC?

The FHOG Victoria is only available if you buy a newly built home or if you choose to build a home from scratch. The FHOG is worth $10,000 if you build/buy in Victoria.

Your first home can be a house, townhouse, apartment, or unit but it must be valued at $750,000 or less, and it must be a new home – being sold as a home for the first time, and less than five years old.

Click here for more information on the VIC First home Owner Grant.

Stamp duty concessions in WA

If you buy vacant land to build your first home, you’re exempt from paying stamp duty as long as you don’t pay more than $300,000. If you pay between $300,000 and $400,000 you will be entitled to a reduced rate of duty.

If you buy a home costing up to $430,000, no stamp duty is payable at all. If the value of your home is between $430,000 and $530,000, you’ll be entitled to a reduced rate of stamp duty. There are no additional concessions for homes valued above $530,000 and land valued above $400,000.

How much is the First Home Owners Grant WA?

The FHOG WA is worth $10,000 when you buy or build a brand new home. There are limits on what you can pay for your first home to be eligible for the FHOG in Western Australia.

If you’re located south of the 26th parallel, which basically covers all the Perth metropolitan area, you can claim the FHOG WA if your new home is worth up to $750,000 – this includes the value of the land plus buildings.

If you buy or build a home north of the 26th parallel, the property must be valued up to or below $1 million to be eligible for the FHOG WA.

The First Home Owner Grant in Western Australia is no longer available if you buy an established home however you may be able to claim stamp duty savings.

Click here for more information on the WA First home Owner Grant.