Personal Loans | Southport area & Varsity Lakes, Gold Coast
At Mortgage Choice Varsity Lakes, we don't just handle home loans, we can also help you secure a personal loan too. Our team understands there are special times in life when you may need a little extra cash for things like planning your dream wedding, taking a family holiday, completing some home renovations or giving the kids a high-quality education.
That's why we are here to help our clients! We can do all of the legwork by comparing multiple products from a range of lenders so that we track down competitively priced personal loans best suited to your situation.
It's important that you choose the right type of loan for your situation! Read through the different types below and then chat with our team of finance experts to secure the right one.
If you are purchasing a major item such as a boat, or if you own one already, a lender may be willing to take it as a security for the loan. This could mean that you are entitled to a lower rate than that of an unsecured loan as the lender has a lower risk of loss if you fail to make your repayments. It can also mean that you have a higher chance of getting approved!
As your local Mortgage Broker, we can help you weigh up the pros and cons of a secured loan and help you decide what type of loan is right for your individual circumstances.
Unsecured loans are those that do not require you to own any assets to apply, whilst also giving you greater flexibility to use the funds as you wish. However, it is important to be aware that the interest rates are often higher than secured loans as the lenders perceive these loans to be a higher risk because you have nothing to fall back on if you can not make repayments.
There are many factors to consider when weighing up your options so be sure to always consult our team of mortgage brokers located on the Gold Coast.
Mortgage Choice in Varsity Lakes has access to a wide panel of lenders, including Latitude, Money Place and Rate Setter.
For those of us, that like the security of knowing exactly how much our repayments will be over the lifetime of the loan, a fixed-rate loan is the way to go. Fixed-rate loans are exactly that, loans where the rate of interest is locked in and will not change, allowing you to easily budget and forecast your repayments.
On the flip side, variable rates can be subject to change and the interest can either increase or even decrease during the life of your loan. Variable-rate loans can also be more flexible if you would like to repay your loan faster, as lenders may allow you to make extra repayments on the loan.
Everyone's personal circumstances are different which is where our team of brokers can steer you in the right direction and find the right loan suited to your needs.
Reasons to get a personal loan
- Renovate your home
- Consolidate your debt
- Help pay for a wedding
- Take a holiday
- A new boat