Patrick Borg

Your award-winning Mortgage Choice home loan specialist in Preston

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Call 03 9748 7999

Looking for a home loan? Talk to Corey Fantuz and the team, your local Mortgage Choice brokers from Preston, VIC. Let us research and compare over 20 lenders for you.

Call Us Mortgage Choice Hoppers Crossing
Office - 03 9748 7999
Fax - 03 9748 7200

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

Our people are your best asset

Mortgage Choice Preston has a strong team of experienced home loan specialists, giving you the benefit of great local knowledge and outstanding contacts.

We understand that buying and financing a property, especially your first home, can be daunting. With our wealth of knowledge and experience, arranging your next home loan can be simple and stess free.

It's all about meeting your needs

Our team is dedicated to understanding your individual needs, providing superior customer service and keeping you informed every step of the way.

The award winning team at Mortgage Choice Preston will streamline your next loan with 5 simple steps:

1. We take the time to understand and analyse your personal home loan requirements.

2. We filter through the hundreds of home loan options on the market.

3. We identify the loan(s) best suited to your individual circumstances.

4. Our support makes your application process easy - we'll be there alongside you right through to settlement.

5. Our long term approach means we'll stay in touch to help you reassess your home loan as and when your circumstances change.

Expert advice - even if you're just starting out

Enlisting the specialist help of an experienced mortgage broker makes it much easier to achieve your property goals.

The team at Mortgage Choice Preston are here to answer all your questions, analyse the options and explain which loan choices are most suitable for you.

Ask about our regular information evenings for property buyers including first home buyers and investors.

We can also assist with insurances, personal loans and referrals for conveyancers.

Even better - we'll come to you

We can meet you at our office or we can come to you - wherever and whenever it suits.

Call Mortgage Choice Preston today on 03 9748 7999 or using the contact link at the top of this page. We look forward to helping you.

We service the Western Suburbs, including Fawkner, Thornbury, Preston, Reservoir and all other surrounding areas.

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

Tabitha and team were fantastic to work with and made the process of buying my first home as smooth as possible. They were reliable, open and very cooperative throughout the whole process.

Lucinda
21 April 2024

Tabitha helped me in the process of buying my first home and I couldn't be happier with her service, very prompt, compassionate supportive from start to end. Highly recommend

25 March 2024

The team at Mortgage Choice were great at providing support with different loan options and dealing with the lenders to get my home loan over the line in time for settlement. Thanks for the great communication and service - much appreciated

Marisa
19 December 2023

I have used mortgage choice on many occasions over the years , both Pat and Kristin made my home loan experience smooth and completely stress free.
From start to finish they were available to answer any of my concerns and kept me informed and updated on the whole process
Thank you so much
Highly recommended

Thee
06 December 2023

I had an absolutely amazing home loan experience with both Pat Borg and Kristin McLeish. They went above and beyond to achieve the best possible outcome. I was consistently kept up-to-date throughout the process, and they promptly replied to all of my queries.
Thank you both for your professionalism and outstanding customer service.

Carla
23 September 2023

I cannot recommend and thank Pat Borg and Kristin McLeish enough They both went over and above to ensure we were getting the best rate possible with the bank and they always answered our queries within the same day. Nothing was too much trouble and we always felt like they were just as dedicated to getting the approval as we were. We never needed to follow anything up as they would always keep us in t... read more

Cassie
16 November 2022

It was delightful experience. Tabitha helped us in every step starting from setting the proper budget, choosing the right loans and at every step of the loan processing. Whatever queries we had she always got back with a smile. Thanks for all your help and support.

Sayan
26 July 2022

Pat Borg and the team have been fantastic to deal with They have helped many of our clients secure finance and are a very efficient team. Their communication with us and our clients as well as their customer service levels are outstanding. We are looking forward to continuing our relationship with Pat and the team for many years to come.

Riveren
04 July 2022

Tabitha from Mortgage has been helping through our purchase. She is incredibly experienced always coming with proper suggestions and always responding to our questions in a timely manner. Very glad to have had her as our broker

Yipei
18 June 2022

Cannot thank Tabitha enough. No matter the time of day, the team at Mortgage Choice would take us trough the process with ease.

Tash Regan
03 June 2022

First home buyer's guide

Purchasing your first property can be an overwhelming process and there may be steps you are unsure or unaware aware of. This guide will walk you through all of the steps involved in the buying process.

Download now

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2nd Applicant

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2nd applicant monthly rental income before tax

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Calculate

You could borrow up to

Repayments
/ month
Expenses
Remaining

Based on standard variable rate over years.

Start the pre-approval process

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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Recalculate borrowing power

Monthly income

Expenses

You may borrow up to

Value of property

Borrowing

Over

Interest Rate Use the lowest rate from Mortgage Choice's lender panel Input rate

Repayment options

Extra monthly repayments

Your monthly repayments
Total loan repayments:
Total interest charged:

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.

Value of property

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First Home Buyer?

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Total fees:

Breakdown	Amount
Stamp duty on property
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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.

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