Scott Bament

Home Loans in Morphett Vale

Whether you are buying your first home, refinancing or investing, your local Morphett Vale Mortgage Choice broker can help you with expert advice throughout the whole home loan process from application to post settlement, all at no cost to you.

At Mortgage Choice in Morphett Vale, we pride ourselves on being your local home loan expert, someone you can depend on to work hard for you. We get to know your personal situation and then we work with over 35 lenders, including the big four banks, to find the best deal for your individual situation.

Home Loan Process

Step 1: Meet with a Mortgage Broker

Our brokers will meet with you to understand your financial & lifestyle goals. They will search through hundreds of home loans from over 40 lenders to find the loan that's right for you, calculate your borrowing power, disucss the loan type you're after, work out repayments and answer any questions that you may have.

Step 2: Prepare the application

Once we've helped you choose the loan that's right for you, our team will help you prepare the application and guide you through the process. We will then lodge and track the application on your behalf.

Step 3: Conditional approval

The lender will provide conditional approval while they organise the property valuation and conduct a credit check. Our team will stay in touch with the lender and keep you informed along the way.

Step 4: Unconditional approval

Unconditional (full) approval is formal acknowledgement that your home loan application has been approved.

Step 5: Complete loan documents

Once your loan documents arrive, we'll organise a time to meet and help you complete the document along with answering any questions you may have.

Step 6: Loan settlement

If you're purchasing a property, your solicitor/conveyancer will organise settlement directly with the lender, according to the settlement date on the contract of sale. If you're refinancing your existing home loan, the lenders will liaise directly with each other to exchange the documents.

Step 7: Home loan completion

Our service doesn't end once your loan settles. We will stay in touch to make sure your home loan is the right solution for your needs for now and in the future.

Different Types of Home Loans

When shopping around for a home loan, you will need to work out what type of home loan will best suit your situation. There are a number of different types of home loans available that the lenders offer including:

Variable Rate Loan (Principal & Interest)
Fixed Rate Loan
Split Rate Loan
Interest Only Loan
Line of Credit Loan
Construction Loan
Bridging Loan
Non-Conforming Loan
Lo-Doc Loan
Introductory

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, and this is where we can help.

It is all about choice!

Did you know? We can also help you with:

Car loans
Business lending
Property investment
Risk & general insurance
Personal loans
Credit cards
Equipment finance & leasing