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Home Loan Comparisons
True Choice Home Loans are Home Loan Comparison Specialists
In order to accurately compare Home Loans or Investment Loans, there needs to be a structured approach to ensure that you are comparing "Apples with Apples".
There are several components which need to be taken into consideration:-
- Loan Purpose (Owner Occupied, Investment, Vacant Land, First Home)
- Lender Type
- Loan Type
- Loan Features
- Interest Rates
- Establishment Fees
- Ongoing Fees
- Repayment and Switching Options
- Banking Arrangements`
- Early Payout Fees
(The most important consideration may be whether you qualify for the particular loan you select, or whether you qualify for a loan at all). Do you Qualify?
You must consider the purpose for which you require the money. The most obvious difference with loans is whether it is being used for Owner Occupied or Investment Purposes. If the money is being used for both purposes you will most likely need to have two or more loans and therefore do two or more comparisons. You might find that one lender has the best value in an Owner Occupied Loan but does not have a suitable Investment Loan for you.
Be careful when trying to compare "Apples with Apples". In order to help them compete for your business, some Lenders will "Label" some of their loans with a Loan Type which is not an accurate description of what it really is. This may, on the surface, make it look like a better loan, however careful examination of the other components mentioned above will help to identify the loans True Identity and it's Real Value.
All of us who borrow money for property want to get the cheapest loan possible. Finding a cheap loan is just as easy as finding a cheap car. But just like a cheap car, the problem is, will it do what you expect it to, and how long will it be before it starts costing you extra money to maintain or upgrade. Just like cars, we also don't need to get the most expensive one with the most Loan Features if we have little or no intention of using them. Why pay for something that you don't use?. Don't be fooled by clever advertising suggesting that only loans with no establishment fees or no on-going fees or low start interest rates are the best. In some cases you will find that the lack of these fees or lower rate is offset by a higher interest rates or early payout fees. True Choice will analyse the loans of your choice and calculate the TRUE COST of your loan including all fees and interest, irrespective of how much the fees and interest may differ.
Because all of us lead different lives and have different requirements, there is no "Best Loan" for everyone. To fine the best loan for you, you need to make decisions on what it is that is most important to you. (True Choice Home Loans can help you through this process). Sometimes you may need to sacrifice one thing in order to get another thing that is more important. (Buying a small car because it is cheap to run or easy to park will not be a good decision if you have a large family to cater for). You should also consider the impact that any of your future plans may have on your Home Loan so that your home loan will meet as many of your requirements as possible.
The simplest way to find out what loans you qualify for and how much they will cost you, is to phone True Choice Home Loans on one of the above telephone numbers.
Would you like to do your own comparisons?
True Choice Home Loans can help you.
If you have a good idea about the loans you would like to compare, tell us, and we will compare them and send you a detailed comparison report together with a Loan Profile sheet for the loans you have selected. You will be amazed at how much difference there can be between different loans. Simply contact us on one of the phone numbers listed above or complete one of the forms below. We will then analyse your request and provide you with a written report detailing your requirements.
The cost of this report is just $495.00 (including GST)
Get your reports for FREE!
Choose True Choice Home Loans to process your loan through to settlement and we will refund all of your money(s) you have spent on comparisons.
Choose the comparison method that suits you best
True Choice Home Loans provides two methods of comparing home loans.
- You choose five different lender's specific loan products, identify each of their loan descriptions, fees and charges and complete FORM 1. as well as Your Details and Your Credit Card Details at the bottom of this page.
- You choose the requirements that best suit your needs by completing FORM 2. as well as Your Details and Your Credit Card Details at the bottom of this page.
Form 1.
If you have identified a specific product from a specific Lender and they are not offering you any discounts to rates or fees, you only need to complete the Lender Name and Product Name sections and we will do the rest.
If the Lender is offering discounts to rates and fees you will need to fully complete the actual details of what the Lender is offering to you.
If you require assistance, please phone True Choice Home Loans on one of the above numbers.
