There are 100's of Banks and Lenders (and 1000's of different types of home loans) to choose from.

There are some great home loans available in the marketplace. As well as the traditional Principal and Interest Loans or Interest Only loans there are all kinds of other loans available... Lo Doc Loans, Home Equity Loans, Introductory or ‘Honeymoon’ Loans and the list goes on and on. (Plus there are Building Societies and Credit Unions all offering packages as well).

The range of mortgage options can be bewildering, especially for a first time homebuyer or anyone who hasn’t bought for some years.

Do you want (or need) a mortgage with fancy features or do you need a basic home loan at the cheapest price? Do you need the security of a fixed interest rate or are you happy to gamble on the future direction of interest rates?

This is why having a mortgage broker working for you can be a very good idea. A good mortgage broker keeps up to date and informed about everything that’s happening in the marketplace. This means of course that you are up to date and informed.

By staying informed about what is going on in the home loan market, you might be able to stay a step or two ahead of the marketplace. And if you can stay one step ahead, you are already on your way to paying of your mortgage faster.

One of the most powerful tools you can have in the search for the best home loan is information. Make sure you have talked to half a dozen lenders and brokers (as well doing your research on the internet ) before you start talking to the bank (or lender) about getting a new loan or refinancing your existing loan.

Make sure you know what rates and features are offered by each of your lender's competitors on comparable products.

Be ready to tell the lender what you are looking for and don't be afraid to ask for extras. If they want your business (and if they know that you know what you are talking about) they may be prepared to work that little bit harder to get your business.

Stay informed, read the papers and magazines, talk to your Accountant and or Financial Planner and then make sure you talk to me.

Phone:   1300 735 161

Fax:       1300 686 198

email:    talktome@mrsmortgage.com.au

www.mrsmortgage.com.au