Loans

Analysis of your needs

We’ll help you make the right decision, when we know it’s right for you. Before any informed decisions can be made about what loan product is right for you, careful thought is given to your particular needs and circumstances.

Strategy for lending

Once we understand your needs, a loan structure is recommended for you. We do not just look at what products are available and then make you fit into one of these. We work in reverse, identifying what is right for you and then looking at what products deliver this result. This is known as your Lending Strategy. An example of why this is important is tax effectiveness. The wrong loan can end up costing twice as much as it should.

Exploring your options

Once we know your Lending Strategy, we then match your credit profile to a range of lenders to identify which lenders will meet this strategy and where you meet their credit guidelines. Not all lenders do things the same.

Structuring your solutions

We aim to access the most competitive rates in the market. To help you understand the facts, we will give you a short list of lenders, along with an adjusted interest rate reflecting the “real” cost of each loan over your preferred term – giving you a simple, accurate way of measuring the most suitable and affordable solution. We will also provide information on our experience with these lenders, considering their service standards, as well as outlining how difficult or easy they are to do business with.

Approval and settlement process

Your choice of loan is vital but that’s only part of the job. We must make sure that your loan gets approved in an easy and prompt manner. MyChoice Home Loans does this work for you by completing the necessary paperwork and preparing the loan application for submission. We do all of the negotiation on your behalf to make sure your loan is approved and settled on time.

Reassurance

What happens if my priorities change? We want to ensure you have peace of mind about your future options. With loans we manage, we offer the MyChoice Home Loans Future Proof Loan Commitment. We recognise that your circumstances change over time and the lender may not always deliver what they promise – so if you’re not satisfied with your existing home loan, we’ll arrange for your loan to be rewritten to a more suitable lender. You may choose from our loan portfolio of over 20 major banks, retail mortgage providers and two wholesales lenders. Read more here about how the MyChoice Home Loans Future Proof Loan Commitment works.