Logical Choice Finance
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Our Home Loan Solutions for You! Free Health Check of Your Existing Home Loan Advantages of Using a Mortgage Broker Why Choose Logical Choice Finance? Our Home Loan Solutions for you! We know how varied everybody’s situation is. Not everyone can meet their preferred lenders’ guidelines, or the exacting guidelines of Mortgage Insurance companies. We think outside the square to match borrowers to lenders. We endeavour to quickly understand your situation then work to find a solution from the various lenders on our panel. Some of the specialised loans available include:-
Logical Choice Finance can access over 1,000 home loan products from banks, building societies and non-conforming lenders on our panel. Some of the lenders on our panel include:-
Click here for free advice about your specific requirements. Free Health Check of Your Existing Home Loan A Home Loan Health Check of your existing home loan could save you many $1,000’s in the long term, as lenders bring new loan products on the market very regularly. Our Broker will provide professional advice to you on whether your existing home loan is best suited to your current financial needs, and what would be the costs and benefits to you of refinancing your loan. For further information about a Home Loan Health Check click here. Advantages of Using a Mortgage Broker Mortgage Brokers help to reduce the stress and frustration of borrowers in dealing direct with lenders and working through the lending process. There are dozens of lenders from which to choose, so why not let an expert handle the application process for you? These days the forms and other data that are required for a loan application can be really complicated, so it is wise to hand the entire process over to a professional who will help to ensure that all the correct documents are provided to the Lender to ensure a speedy response. One of the downsides to going it alone when looking for a suitable mortgage is the time that it can take. With the pace of life as it is today, many of us barely have time to sit down and enjoy a little quality time as it is. Spending hours glued to the computer or ringing around various lenders is something that most of us can well do without. If you go directly from lender to lender to get your mortgage, you will end up having to complete a new application for each lender, which can waste a great deal of time, and furthermore, it may impact heavily on your credit rating. Additional time will be taken up with browsing and comparing all the different deals with each lender, and then comparing the lenders against one another. There are far fewer complications using a Mortgage Broker who has appropriate industry experience. A
well-trained mortgage professional has years of experience, that will help
him or her navigate the tricky loan application waters that lie ahead. Let a
broker’s know-how work to your benefit. He or she will therefore know which lenders may cater for your particular needs. For instance, if your employment history does not meet the normal guidelines or you have a poor credit rating and you are looking for an affordable mortgage, the Broker will most likely know which lenders offer affordable finance, and can therefore approach the right lenders straight away. If you were looking for a mortgage without the help of a Broker, you could end up going through one application after another with a range of unsuitable lenders, and you could end up with a long line of refusals, which could make your credit rating even worse. Using a Mortgage Broker is an effective way of getting a mortgage package to suit your needs without having to commit hours of your time to searching and browsing. When you use a Mortgage Brokerage service, you will simply be cutting out all of the time and work involved in finding a mortgage to suit your circumstances – and it won’t cost you a cent to do it. A good Mortgage Brokerage service will be able to source a wide range of mortgage deals on your behalf, and will then put forward the ones that offer the best value in terms of interest rates and monthly repayments. All you have to do is complete one simple application form, which saves you the hassle of having to complete a form for each lender in which you are interested.Using a Mortgage Broker is a fantastic way to get a good value, affordable mortgage that is tailored to meet your needs and circumstances. It is also an excellent solution to getting a good mortgage deal without having to put in the hard work and time that you would have to without the assistance of a professional broker. If you need more information relevant to your circumstances, click here. Why Choose Logical Choice Finance?
Variable Rate Loans The Standard Variable rate may be discounted depending on the size of the loan, or if a basic "no frills" type of loan is offered. Lenders normally move the standard variable rate up or down in accordance with the Reserve Bank movements in the Cash Lending Rate. For more information on variable interest rates, please click here. Fixed Rate Loans A fixed rate home loan has the interest rate fixed for a set period of time, usually between 1 and 5 years. The benefit of a fixed rate loan is that you are protected against future interest rate increases. If interest rates rise, then your loan is fixed at the rate set when you entered into the agreement. This allows you to budget better, because you know exactly how much you will need to repay. It also protects you from paying more should interest rates rise. At the end of the fixed rate period, the loan automatically reverts to the standard variable rate. Alternatively you can fix the rate for another term. There are some issues to be aware of with Fixed Rate loans. For example, if rates actually fall, then you can be left paying more interest than if you were on a variable rate loan. Also there may be early repayment fees if you wish to reduce or payout the loan before the fixed rate matures. To help you better understand Fixed Rate loans, simply please click here. Line of Credit A Line of Credit home loan (sometimes called a revolving line of credit, or an equity loan) allows you to withdraw money from your home loan at any time, as well as to make extra payments into your loan. Essentially, it is an all-in-one account that gives you the option to finance all your home, personal expenditure (for example, buying a new car) and personal investment needs with the single home loan. This means that you become responsible for managing how much of the home loan will be repaid over what amount of time. If you have urgent financial needs, then you can dip into your home loan account and access money at lower interest rates than usually found on a credit card. Typically, the advantages of a Line of Credit home loan include:-
To help you decide which loan type best suits your circumstances, simply click here. |
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Logical Choice Finance
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