With access to over 40 leading lenders and 3500 loans, we can provide you with options and mortgage guidance that suits your home loan needs. Multi-Choice Mortgages has been nationally recognised with over 30 industry awards.
With close to 30 years lending experience, we are regarded as one of the top property investment broker groups in the country. Whether you are a first time property investor, or a investment veteran, we have the experience and contacts to guide you through the process, and negotiate you a fantastic rate.
We search through offers from over 30 lenders to find you the car loan that will best suit your needs. We also assist business owners navigate the process of obtaining auto finance in a way that best suits their business needs.
When you’re in business, having the right finance and risk planning in place can mean the difference between thriving and surviving. With over 30 years experience in business lending, we can take you through different business loan products and providers to find you the small business loan that will best suit your needs.
We offer a great range of insurance products with features and benefits to suit your specific needs. We'll help you find the product that best protects you and your family.
helpful application tips
The amount you can borrow, commonly known as your borrowing capacity or borrowing power will be determined based on your unique set of financial circumstances. Your income, assets, liabilities and credit history can all affect your borrowing power. How much money you can borrow will also differ from lender to lender.
Get in touch today, and we'll provide you with an obligation free borrowing capacity assessment.
Your deposit is dependent on a variety of factors including the type of home you want to buy, its value and your finances. Most lenders want you to have at least a 20% deposit - which means that you don’t have to pay lender’s mortgage insurance (LMI). This insurance protects the lender if you can’t keep up with your repayments. But if you are comfortable paying for the LMI on behalf of the lender, you may be able to borrow up to 95% of the value of the property. Having a guarantor can also reduce the deposit you need.
The purchase price of the property is just one of the expenses that a prospective purchaser needs to think about before applying for a loan. Some of the other expenses include:
- legal/conveyancing fees
- mortgage or loan application fees
- pest and building inspection reports
- strata searches (for apartments)
- stamp duty
- utility connections .
These expenses can vary depending on the type of property that you are buying and the location of the property.
The First Home Owner Grant initiative is a one-off payment made by the government to assist first home buyers enter the property market. The contribution varies from state to state, but typically ranges from $7,000 to $26,000.
Stamp duty is a state government tax based on a property's selling price. Each state or territory has different rules and calculations; some states offer discounts or exemptions to first home buyers. Stamp duty can be a significant additional cost when buying property.