Mortgage Broker Mill Park | Home Loan Advice Mill Park

Your local home loan experts in Mill Park

We understand how complicated finding a great home loan can be, especially if you're not an expert. Our Mortgage Broker Mill Park team will put our expertise to work, exploring thousands of home loans from over 35 lenders to find you the right option.

We'll make sure:

You have the facts and figures you need to make a good decision. We'll go through your income, expenses and debts so you know exactly how much you can borrow and what your repayments might look like.
You choose a great home loan. Everyone's needs are different when it comes to property finance. Our Mortgage Broker Mill Park team has access to over 35 lenders and will talk you through the benefits and costs of our tailored recommendations.
You can focus on finding a great property. You won't be fielding phone calls from the bank and filling out paperwork. Our Mill Park team aim to make the process easy by doing all the research and running around for you.
You don't pay more than you should. From the home loan you choose to reminding you to refinance your loan when the time is right - our team are focused on finding you a market-leading and competitive interest rate.

Our Loan Calculators

Our home loan service is free

It's hard to believe these days, but yes as mortgage brokers, our home loan service is free! It's one of the reasons we love being mortgage brokers: we get to help everyday Australians without charging a cent. So, how do we get paid? Your chosen lender will pay us a commission after your loan settles.

Our Mill Park team is here to help

Our expert team in Mill Park will put together a strategic plan and then go in to bat with the banks to find you a great deal. It's all part of what we do for our clients.

Find out more about us

Buying property in Mill Park

The average house value in Mill Park is $785,000 after increasing by +1.9% in the last 12 months. Since April 2021, there has been a +10.5% increase in the average house value.
The average unit value in Mill Park is currently $505,000 after increasing by +3.1% in the last 12 months. With an average weekly rent of $420 per week, investors are looking at an average 4.6% rental yield.
Click to learn more about the property market in Mill Park

Common home loan questions

What is an offset account?

An offset account is one of the most popular home loan features and it's easy to see why. It acts as a separate transaction account linked to your home loan which you can use for day-to-day expenses. The beauty of it is: any money in this account is then used to 'offset' the remaining home loan amount, decreasing the interest owed.

Let's say you have $500,000 remaining on your home loan, and you have $30,000 in your offset account. Your daily interest is then calculated on $470,000 instead of the full $500,000. Chat to our Mortgage Broker Mill Park team about the home loan products that include an offset account.

What is principal & interest vs interest only?

Principal & interest repayments (or P&I) refers to repayments that cover all the interest plus some of the principal amount of the loan, so that the loan is gradually repaid over the loan term. Initially, loan repayments are mainly made up of the interest component, but as the principal amount is gradually reduced, the interest part of the repayment will also be reduced.

Interest-only repayments are when only the interest on the principal is repaid for a specific period of time. That means that your repayments will be lower than if you were paying P&I, but the principal amount will not be reduced. Interest-only is a favourite with lots of investors who want to free up cash-flow in the short term.

Let's take the next step - together

Our Mill Park team has decades of home loan and finance experience behind us, which is why our clients trust us to find them the right deal. We would love to help you too!

As your local Mortgage Broker team, we service the areas of Craigieburn, Mill Park, Lalor, Thomastown and right across Melbourne. We can chat with you in-person or by phone or video chat.

Call Tim and the Mortgage Choice team on 0474 596 692 or click below to book an appointment.

Call: 0474 596 692 Book an appointment

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. ~