Frequently Asked Questions

A mortgage broker is a home loan specialist who helps clients find the most suitable loan with features tailored to their individual circumstances. We act as the bridge between you and the lenders, negotiating the best deals and conditions such as interest rates and repayment terms.

Making borrowing decisions that is right for you can be difficult. There are different products, different interest rates and different lending policies in the market. All these variations could mean the difference in whether you qualify for the finance, and on the best possible terms for your situation.

This is where we help. We have a panel of competitively priced lenders to choose from, and our role is to help you to choose the right loan product from our panel of lenders.

If you do not have the time or inclination to research and evaluate all the different mortgages on offer, we are the expertise you need.

Many people approach their bank directly and either get their application declined or miss out on a more competitive discount. Mortgage brokers like us can offer more than just the bank’s internal products.

More reasons to use a mortgage broker:

• Keep it simple: We take the confusion out of applying for a loan. We’ll deal with the banks, so you don’t have to!
• Expertise: Our team has extension experience in the lending and financial industry to help you with your unique circumstances.
• Annual reviews: Did you know that the banks can change your rates after your loan is utilised? We can perform regular checks to make sure that your loan is still competitive, and help you refinance as necessary.

Prime Choice Mortage guides you through every step of the process in choosing the right lender and loan product, and getting it approved.

We collect all the necessary documents and submit them for you, as well as negotiate with lenders to get you the best package possible.

Along the way, we also focus on client education to ensure you understand the terms and conditions in your chosen loan package.

We have a proven track record of delivering exceptional results for our clients. We take extreme ownership of every deal from start to finish.

We have excellent relationships with many leading lenders who give us preferential treatment and can often fast-track applications. We know how to present your loan to make sure that it gets approved.

We offer service beyond just loans. Whether it’s researching and finding the perfect property or guiding you through each of the steps and processes involved with purchasing a property, our team is always here to give you personalised service from start to finish.

In most cases, we are paid direct from the financial institution that we write your loan through.

Even though we work for you and not for a financial institution, we are paid by the financial institution where the mortgage is placed. They reimburse us for bringing them clients like yourself. Since the fees are similar from lender to lender, there's no incentive for us to favour a particular lender.

On rare occasions, a broker may charge a fee, but in most cases, there is absolutely no charge.

If you're planning to purchase a property, it makes sense to find out how much you can borrow.

If you apply for a loan and get "pre-approval", you'll know how much you can afford, so you'll strengthen your position as a buyer by having the lender's backing to purchase a property.

By securing a “Pre-Approval” you remove some of the stress of buying a property by fast-tracking the process after you have located a property.

Yes. Prime Choice Mortgage is an authorised credit representative of Beagle Finance P/L (Australian Credit License no. 383640). We are under the regulation of the Australian Securities & Investments Commission.

We are also a full member of The Mortgage & Finance Association of Australia (MFAA).