Mortgage Choice – Australia’s leading independently-owned mortgage broker

Mortgage Choice has been helping Australians to attain home ownership since 1992. Being Australia’s largest independently-owned mortgage broker, Mortgage Choice provides home loans and mortgage broking services to first home buyers, upgraders, people  considering refinancing and property investors.

Mortgage Choice has helped over 300,000 customers to find suitable mortgages for them. This result is only possible due to its wide base of lenders. They have more than 20 lenders on their panel and have access to hundreds of different home loan products from a wide range of lenders. Their lender base is made up of banks, building societies, credit unions and specialist home loan lenders. As of December 2010, Mortgage Choice has a loan book worth more than $40 billion.

Founded by brothers Rod and Peter Higgins, Mortgage Choice was instilled with a vision of becoming a national network of ethical, credible and professional mortgage brokers who favours no particular lender. The founders wanted a network of brokers who can win over the trust and respect of the local communities they operate in.

Every Mortgage Choice broker is paid the same commission rates regardless of the lender and the product that the customers go with. This way, every broker is aligned with the customers’ best interest. By empowering and educating the customers about the mortgage process and guiding them through the mortgage application process, Mortgage Choice brokers show that they understand and appreciate the unique situation that each individual is in. Every client’s loan is tailored to suit his/her own unique circumstances. To evaluate various scenarios such as ‘How much can I borrow’ or ‘which loan is more suitable for me’, check out the various user-friendly mortgage calculators.

Objectively helping each broker in accomplishing his task is Mortgage Choice’s own proprietary system: The Loan Qualifier Software. This tool objectively evaluates the lending criteria of a wide range of lenders according to each customer’ individual situation. ‘What if’ scenarios such as: What if you had a larger deposit? What if you paid off your credit card? are evaluated and taken into account. Loan Qualifier Software also evaluates the rates, fees and features in the loan product that may be important to the customer. For example, one customer might want the feature that allows him to make extra repayments, while another one wants the ability to access the funds through internet banking.

Mortgage Choice has throughout the years grown to be Australia’s leading mortgage broker. Their high standard means that they have been recognised by numerous industry awards and accolades over the years. Some of the more prominent awards are: named as Retail Aggregator/Originator of the year by Mortgage and Finance Association of Australia (MFAA) in 2005, 2006, 2008, 2009 and 2010; placed number 1 in The Adviser’s magazine Top 25 brokerages list from 2008 to 2010, and named as Best Mortgage Broker in Australian Banking and Finance Awards in 2004, 2005 and 2007.

In striving to further improve its reach in the Australian Market, Mortgage Choice acquired the Australian mortgage aggregator LoanKit at the end of 2009. LoanKit officially commenced its operations as Mortgage Choice’s new aggregation arm in April 2010. In October 2010, Mortgage Choice acquired HelpMeChoose.com.au which is a home loan, health insurance and life insurance comparison website. The main reason of its acquisition is because it is one of the top financial comparison website in Australia.

Mortgage Choice was listed on the Australian Stock Exchange in August 2004. Since then its financial performance has been consistently robust.

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