You Could Be Paying More Than You Have To!

 

First Choice Mortgage Brokers provide a quick, easy and obligation free service that allows you to compare your current home loan against the hundreds available from our panel of lenders. It is common for people to refinance as they can get a better interest rate, lower monthly repayments and change their loan to suit their lifestyle. Best of all, it won’t cost you anything to have one of our  mortgage consultants compare loans for you so you can start saving money now.

What Is Refinancing?

Refinancing allows you change from your current home loan lender to a new home loan to suit your needs. It is very important to review your home loan approximately every 12 months to ensure that you are still getting the best deal possible. There are new home loan products that are constantly coming into the market which means you could be paying a higher interest then you should.

Debt Consolidation

Do you have a personal loan, credit card debt or car loan? It’s possible to save a considerable amount in interest payments by consolidating these debts on your home loan. While this can be a good idea in many cases, you should consider a couple of things.

Are there any exit costs, which would cancel out any benefit derived by consolidating with your home loan?

You will also need to be careful not to end up paying more by spreading your repayments over a longer period of time.

A First Choice Mortgage Broker can help you to restructure your finances and discuss ways for you to obtain the savings and avoid the traps.

Why Refinance?

  • Reduce your monthly commitments by getting a lower interest rate
  • Consolidate your credit cards, personal loans or other debts and get a lower interest rate – non-secured debt in most cases in charged at a higher interest rate than your home loan
  • Release some equity from your property to carry out refurbishments or renovations to your existing home
  • Refinance your mortgage to access a new and improved home loan product that will in most cases give you a new features such as a 100% offset account or redraw facility
  • Access funds to finance a long overdue holiday or investment opportunity

Loan Features To Consider

There are many different products and features to consider when choosing a home loan. Do you want a cheaper rate? Do you want the flexibility of making additional repayments with no penalty? Or would you like to use your savings to offset your interest repayments? Whatever your needs, First Choice Mortgage Brokers are here to assist you.

100% Offset Home Loan

A 100% offset home loan is a home loan that comes with a linked bank account called an offset account. This offset account functions very similar to a normal savings account but with one main difference, any savings you have in the account reduces the amount of interest you pay on the linked home loan.

All In One Product

This is a loan account that combines your mortgage, savings and cheque account into one. You deposit your income into your mortgage account and the additional funds in your account then reduces your home loan balance and therefore the amount of interest you are charged per month.

You will often have a credit card attached to your “all in one” account which you will use for your daily expenses for example food, petrol and bills and the outstanding balance is drawn down at the end of the month from your home loan account before the interest free period on the credit card ends.

Professional Packages

Usually professional packages are offered to clients with a higher loan amount as the interest rate discounts will only benefit those with higher borrowings. Packages can also include bonus income on savings accounts and free credit cards as part of the offer.

Typically the lenders require you to bundle all of your personal banking into the one package to offer you more savings. Most of these packages include “all in one” or offset account facilities as a standard feature.

Direct Salary Credit

Your employer pays your salary straight into your home loan account on your behalf – this can benefit you if you are not a good saver.

Redraw facility

Allows you to draw on any additional home loan repayments you have made in addition to your loan repayments. You can access this money for any purpose you like and you don’t have to apply for new funds through your bank. Some products will charge you a redraw fee for accessing these funds which can vary from lender to lender.

Repayment Holiday

Some products have a repayment holiday feature which allows you to not make a repayment during the holiday period. If you are planning to go on maternity leave or changing your job this option can be very useful.

Fixed Rate Switch

Allows you to switch from a variable interest rate which can change when the rates decrease or increase to a fixed interest rate which is locked in at a specific rate for a period of time.

 

Refinancing Tips & Tricks

You don’t have to be buying or selling your home to move your loan. There is no reason to wait until you sell your home or buy another property. If you are not satisfied with your current loan, why not start saving now? You can save thousands by switching to a more appropriate loan.

Savings made as a result of a lower interest rates and low or no monthly fees can be sizeable. When these savings are added to your repayments, they can cut years off your home loan and save you a considerable amount.

 

Save More By Consolidating Your Finances.

Consolidating your credit cards, personal loans and car loans with your home loan could save you a small fortune in interest payments, fees and charges.

You don’t need to shop around let First Choice Mortgage Brokers do the running around for you!
Here at First Choice Mortgage Brokers we use our expertise and experience in the home loan market coupled with a unique computer software program that enables us to compare hundreds of loans in a matter of minutes.

Our team of mortgage consultants will then be able to provide you with a short list of loans that are both competitive and suitable – simplifying the refinancing process for you.

Call First Choice Mortgage Brokers on 1800 111 455 to discuss your options in more detail

TESTIMONIALS

"I would like to Thankyou and your staff very much over the last few months. The ladies have been pretty good dealing with the Commonwealth Bank and getting back to me, as it has been very frustrating at times and they have calmed me down. I have sent an email ..."

− From: Stella Miliatis

"Hahaha!! They are just the best to deal with. I am so glad I was given your companies number!With Thanks Angel Evans Customer Service "

− From: Angel Evans

"Tony and Anna, Cathryn and I would like to pass on our sincere thanks for all of your help during the process of purchasing our first home. From the start of our dealings, the first phone call that I received from Tony, I felt comfortable in dealing with you as the manner .."

− From: Leslie Elms

"Dear Tony Forgot to say thank you for the gift that you sent us. the timing was spot on as we had just moved in physically on the day We seemed to have fit the essentials into to our finances so thankfully we won't need to think about a further loan. Thank you ..."

− From: Simon Airey

"Thanks for all you help with this, Anna – we’re really pleased! Warm regards, Elisabeth "

− From: Elisabeth Crawford

"Hi Barbara, Tony, Taryn and Kylie We had a lovely hamper arrive on our doorstep today! What a nice surprise – and a lovely gesture. Love it – can’t wait to test out the champagne and choccies. Thank you for the gift – pleasure doing business with you guys – will ..."

− From: Sharon and Darren Quandt

"I spoke to Tony Bice ( mortgage consultant) about getting a mortgage for my new home as I was having trouble securing a loan due to my break up of my marriage. I was referred to CLS Investment Services by a friend. It was the best phone call I have ..."

− From: Suzanne Allen

"We cant tell you enough how happy we are to have dealt with you and your staff, Especially Lyndall . Thank you so much Extremely happy customer Kerry and Gary Foulis. "

− From: Kerry and Gary Foulis

"G'day Tony, Good to talk to you yesterday and thanks for your help with the new House. Tarryn, Lyndal and yourself have been a pleasure to deal with. Can you please fire through the breakdown of weekly cost for each of the four areas you outline below and which institution they would be with. ..."

− From: Neil Masters

"Dear Tony Thank you for your time today on the phone and the detailed discussion of our home loan status. Further to our conversation, Tim & I would like to pass on our congratulations to Barbara Mourga, on her extremely timely and professional help with our particular 'scenario'. We have bought (& ..."

− From: Melissa & Tim

"Hi Tony I just wanted to thank you very much for all your help...I picked up the keys this afternoon, very happy I have my own home! Kind Regards Christine Smits"

− From: Christine Smits

"Hi Tony After much thought we've decided that we're better off selling the flat as we wouldnt be able to keep it and buy another place so rather than keep putting money into something we're going to sell in 12 months, best to do it now and add to the equity ..."

− From: Bridie Read

"Hi Tony and team, Although belated, (I have been absent for the past 3 weeks) I would like to pass on our gratitude for the assistance you have provided with the purchace of our home. The gift basket was a lovely touch, and indicative of the personal customer service we have ..."

− From: Brad Pearson

"Hi there I know this has come a little late but we wanted to thank everyone there so much for all of the help you were able to offer us during our home purchase. We are loving our new home and were really thrilled that everything worked out ok with the ..."

− From: Avril and Mike

"Haha! Hmmm, marginally better, I certainly feel reassured that we technically only have one last hurdle to jump. Seeing the words 'not a guarantee' only gave me slight reason to stress :) You've been wonderful, I really appreciate your patience and understanding. Not many people would be prepared to put up ."

− From: Kelly Pearson

"Hi Tony, My apologies for not getting back to you earlier this week as promissed. Danijela and I went through the life insurance documents and we realised that we need to have a proper chat with either yourself or Lyndal again regarding this matter. We made a list of questions that we need some ..."

− From: Serg and Daniella

"Dear Tony, Lyndal and Anna, Dane and I got home from work yesterday to find a little hamper from you, that was a lovely surprise - thank you so much! Thank you to your team for finding us a great homeloan and also sorting out our insurance. Your team has been excellent ..."

− From: Rhianna Murray

"Hi Stress Attack... How is your heart beat now? So happy to hear some good news for you... I was quietly confident.... but we dont cheer until it is in writing. Still have to wait for a good val in SA – great news they aren’t doing a val on NSW – shows ..."

− From: Barb bmourga@bigpond.com

"Hi Tony and Taryn I received today a lovely congratulatory gift from both of you, which I thank you both for very much. Your excellence in professionalism, communication and assistance all the way through, with Taryn continually keeping me posted, alleviating my anxiety, and assisting to ensure that all was done in possibly one ..."

− From: Cheryl Bigini

"Thanks Tony, I appreciate all your help. J You have been fantastic, not sure what we would do without your help & advice. Kara Spokes | Sales Manager Retail | Home Magazine "

− From: Kara

"Hi Tony I really sorry I haven't written sooner but Ive been flat out working and renovating I haven't had time to scratch myself.I just wanted to say I really appreciate everything lyndal, anna and yourself did in regards to my loan and my finance protection. i was extremely happy with the service you provided "

− From: Michael Richards