Home Loans To suit You At Mortgage Choice

 Buying a property

 

A number of different types of home loans are available. The one that is right for your needs will depend on your circumstances, but usually, most lenders offer several different types of home loans.

Remember, the different types of home loans each have various features that appeal to different borrowers. The key is to have the type of home loan that is right for your circumstances.

The main types of home loans

Let’s compare the different types of home loans available and their pros and cons.

When considering a home loan, there are various loan types to choose from, such as variable interest rate loan (standard and basic), fixed interest rate loan and Line of Credit (equity loan)

When should you speak to a mortgage broker?

It is never too early to speak to a broker. If you are thinking maybe one day I might like to buy a property, now is the right time to have the first conversation. Mortgage Choice Clarkson broker Mandy does not charge you for the time she spend talking with you so you can feel confident you can obtain objective information without any cost.

It is normal these days for first home buyers to have their first conversation with their broker some 6-12 months prior to the actual purchase.  The purpose of this is to take the mystery of everything away and give you the knowledge and confidence to move forward.  Quite often at the initial discussion it is identified it is not possible to get the loan approved now.  In these situations we will help you understand what needs to change and help you build a plan/strategy make it possible.

When you go through the process of buying a property you will require assistance from a multitude of professionals. A good broker will help you build your team of conveyancer, solicitor, building inspector, buyers advocate, insurance provider etc and once again act as your project manager.

How much does a Mortgage Broker cost?

You might be surprised to learn that our broker service comes at no cost to you. 

Your home loan is not loaded with any extra costs because you used a broker, the rate will be the same, if not better than if you went direct to the lender.

We Do All The Hard Work

From comparing home loan options to preparing the paperwork and supporting you through to settlement, your mortgage broker does all the running around.

 

Why choose Mortgage Choice Clarkson for the northern suburbs

We are extremely well trained, experienced and knowledgeable Mandy at Mortgage Choice Clarkson take pride in helping you make the best decisions you can, and will work to the timeframe that is important to you. In addition to being good at their craft, they are genuinely interested in what is important to you.  She will be with you every step of the way.

Mandy will take you through the steps on buying a home covering everything from:

• minimum deposit required
• maximum borrowing capacity
• eligibility for government grants
• choosing the right lender
• the best loan structure
• understanding your purchase contract
• information and tips on negotiating the offer

Once you have made your choice, they will lodge the paperwork to the lender, liaise with your conveyancer and real estate agent and project manage the entire process all the way through to settlement.

How long does it take to get a home loan approved?

There are two stages in the process: pre-approval and formal approval.

Each lender has a different time frame for processing a pre-approval, ranging from 2 hours to 5 business days.

Your pre-approval is usually valid for 90 days. If you have not purchased in this time we can extend the pre-approval.  This is simply done by asking you for recent payslips and financial information.

Formal approval will vary lender to lender and typically takes anywhere from 3 – 10 days.

Contact Mandy Dickerson at Mortgage Choice Clarkson for Northern Suburbs on 0412533499 or email: mandy.dickerson@mortgagechoice.com.au , you can also make an appointment on this website.