Choice Home Loan Guide

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Choice Home Loans is a unique home lender in that they are not a bank. Instead, they are a service company that is comprised of over 150 brokers. The brokers compares home loans from different banks and lenders based on each customer’s individual circumstances. They find the best options for home buyers and provide advice and counseling to those looking to make a definitive choice on a primary lender.

Choice Home Loans is a unique home lender in that they are not a bank. Instead, they are a service company that is comprised of over 150 brokers. The brokers compares home loans from different banks and lenders based on each customer’s individual circumstances. They find the best options for home buyers and provide advice and counseling to those looking to make a definitive choice on a primary lender.

Choice Home Loans prides themselves on customer service and innovation. With that, they assign a broker to each client to help explain the mortgage process, give tips on how to reduce mortgages, and help customers achieve the lowest interest rates and fees possible.

In addition to assisting new homebuyers, the broker with Choice Home Loans also help those who are looking to refinance or expand their property portfolios. They aim to ease the process of buying a home and alleviate the stressors associated with paperwork.

  • In late September 2018, Choice Home Loans will become realestate.com.au Home Loans. This new venture will provided added lending and search options for customers in the market to buy property.
  • Choice Home Loans employs over 150 qualified brokers to assist with loan process. These brokers are available throughout the country and can meet face-to-face in rural or urban areas.
  • Choice Home Loans offers home loans, personal loans, and business loans to help customers with their financial needs.

Deciding to buy a house is a big decision. In addition to finding the right home in the right location, you have to make sure that you have the financial backing to pay for the home. While there are many home loan companies in Australia to choose from, finding the right one for your circumstances can be a tedious process.

Choice Home Loans is known for their flexibility in assisting first time home-owners and other borrowers. Check out this company profile to see if they are the right loan resource for you.

Choice Home Loans is currently undergoing a transition to become realestate.com.au Home Loans. This new venture marks one of Australia’s leading property websites teaming up with one of the country’s largest financial institutions, NAB. As a joined company, realestate.com.au Home Loans hopes to streamline the home buying experience by combining the aspects of property search and property finance.

As part of the new streamlined service, customers can access a loan calculator to determine the kind of house they can afford to buy. That information is integrated into their search criteria, helping find the right home for them more quickly and with less stress.

In keeping with the Choice Home Loans tradition, realestate.com.au Home Loans will still provide brokers and home loan specialists to assist its customers. These subject matter experts will be available by phone or for face-to-face meetings.

Realestate.com.au Home Loans and Choice Home Loans provide several loans options for customers and potential customers. Through the realestate.com.au platform, borrowers can choose from 3 types of home loans. Options, such as making extra payments and redraw facilities will vary based on the loan types and specific lender. They include:

  • Fully-featured home loans

    These home loans provide an all-inclusive experience for those looking to borrow money for a new home. Depending on the specifics of the loan, fully-featured home loans can include:

    • A discounted home loan rate
    • No annual credit card fee
    • Free transaction account
    • The flexibility to choose from a variety of loan structure, such as:
      • Fixed
      • Variable
      • Split Loan
    • Easy access to money via redraw of offset accounts
    • Access to online banking with the ability to manage all related accounts in one place
  • Basic home loans

    Basic home loans are well suited for those who want a quality home loan, but are not interested in any extra perks. Depending on loan specifics, basic home loans include:

    • Competitive interest rates
    • Low fees
    • Redraw access options on variable rate loans
    • Online and phone account access
    • Flexibility with repayment frequency
    • Variable or fixed rate options
  • Premium home loan

    Through the new realestate.com.au Home Loans venture, customers will be able to access a premium home loan option. This home loan is supplied through NAB and offers:

    • A fee-free transaction account
    • Access to the NAB mobile app
    • Access to the extensive NAB ATM network, with ATMs located across the country
    • Current variable rate of 3.69% p.a
    • $600 application fee
    • No monthly service and redraw fees

In addition to home loans, customers can acquire other types of loans through Choice Home Loans. The loan options are as follows:

  • Commercial loans

    Choice Home Loans commercial loans are for those looking to borrow money to grow or start a business. These loans can also be used to purchase commercial property. Depending on their circumstances and the use of the loan, customers can choose from:

    • Property purchase financing
    • Business financing
    • Development financing
    • Equipment financing
  • Personal loans

    Personal loans are used to help borrowers buy big-ticket items or consolidate debt. There are two general types of personal loans:

    • Secured loans – These loans are secured when borrowers nominate a personal asset for collateral. I they default on the loan, the bank can take possession of their asset.
    • Unsecured loans – With these loans, the lender agrees to loan the money without an asset for collateral. Normally, these loans come with higher interest rates.
  • Vehicle loans

    Personal loans are used to help borrowers buy big-ticket items or consolidate debt. There are two general types of personal loans:

    • New car
    • Used car
    • Caravan
    • Scooter
    • Motorcycle
    • Boat

Choice Home Loans is an award winning lending service and touts many features. Their top features include:

  • Local experts

    No matter your location, Choice Home Loans has qualified brokers available to meet, discuss, and assist. These brokers are available in rural as well as urban environment and help provide a personalized touch to the loan process.

  • Diversified services

    Choice Home Loans provides more than just home loans. They offer an array of lending products for people with various needs. Their services include:

    • Home loans
    • Commercial loans
    • Personal loans
    • Refinancing
  • Flexibility and customisation

    Choice Home Loans provides greater choice for its customers. It searches through an extensive range of lenders and works to find those that help meet the customers’ financial goals best. This search helps take some of the pressure and stress off of customers and gives them a guide to help them in the loan process.

In order to apply for a loan through Choice Home Loans, customers need to get in contact with a broker.

You can reach a broker online here

You can also email them at: info@homeloans.realestate.com.au

Their operating hours are Monday through Friday from 8am – 8pm and Saturday from 9am – 6pm.

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