Mortgage Choice Home Loans

Mortgage Choice

Alongside providing mortgage brokerage services, Mortgage Choice is also a provider of home loans and other financial products. At the time of writing, Mortgage Choice no longer offers home loans for new customers.

If you’re looking to compare home loans, you can compare a selection of other providers in Canstar’s database. Or, if you are an existing Mortgage Choice home loan customer, you can view details about their product below.

What types of home loans did Mortgage Choice offer? 

Mortgage Choice offered fixed and variable rate home loans. Products included the Basic Home Loan and the Plus Home Loan.

While Mortgage Choice is no longer offering its product to new customers, you can compare a selection of other home loan providers in Canstar’s database below.

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Mortgage Choice home loan features

The following features may be available for existing home loan customers:

  • Principal and interest or interest only accounts
  • Multiple loan accounts available
  • Additional payments on variable and fixed loans (a limit applies to fixed loans)
  • Redraw facility available on variable loans
  • Offset account available on Plus Home Loan
  • Funds can be used to build your home on new or existing land, or to renovate your existing home

The inclusions above represent a selection of the features that were available with Mortgage Choice home loans. Canstar is not making any suggestion or recommendation to you about a particular product. Additional conditions may apply to different features. Check upfront with Mortgage Choice and ensure that you read the product disclosure statement (PDS) or other loan documentation.

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Mortgage Choice home loans FAQs

Mortgage Choice allows additional repayments on its variable loans and up to $10,000 per loan account per year on its fixed loans. Terms and conditions may apply. Contact Mortgage Choice for details.

To give you an idea of how making extra repayments could save you money in interest over the life of your loan, you might like to try our Extra Repayments Calculator.

Home Loans Extra Repayments Calculator

Mortgage Choice offers a redraw facility up to $10,000 each year without additional fees on its variable home loans. Contact Mortgage Choice for details.

If you’re in the market for a home loan, compare some of your home loan options with Canstar:

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Mortgage Choice was established in 1992 and says its aim was to create a national network of mortgage brokers. Mortgage Choice has since become a fully-fledged financial services provider.

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Written by: Tamika Seeto | Last updated: November 1, 2019