Choice Home Loans

Making the decision to buy your first house (or even your sixth house) is one of the biggest decisions you will ever make, so it is important to get the right professional advice.   As your situation changes with family, work and investments your financial capacity changes, so a financial health check is key to helping you make the right decisions. A Choice Home Loans consultant will appraise your current financial situation and provide you with a customised budget.  Best of all, there's no obligation. 

Rest assured that Choice offer competitive rates and great service.  With access to over 30 lenders and literally hundreds of loan options, Choice will find the finance solution suited to your needs.  Choice was awarded brokerage of the year by the Australian Mortgage Awards in 2008, 2009, 2012 and 2013.

And, Choice consultants are the nice guys of the home financing world and know construction finance inside-out and upside-down.

Put your mind at rest and contact Choice today to understand your options and budget capacity.


What Choice do

  • Choice Home Loans will take the hassle out of getting a mortgage
  • Competitive rates with up to 0.8%* off your home loan’s standard variable rate when you build with Porter Davis and choose Choice
  • Land and construction or established home loans
  • Refinance loans to invest or consolidate debts
  • Changeover loans from home-to-home
  • Home equity loans (line of credit)
  • Determine how much can you borrow
  • Up to 97% home loans inclusive of Lenders Mortgage Insurance (LMI)

* Conditions apply and subject in individual lender criteria.

Hassle Free

Choice makes the chore of financing your new house hassle free by doing the work for you. Consider the steps when working with Choice compared to what you need to do when dealing directly with the bank. 

Four Easy Steps with Choice

  1. Make appointment to see Choice
  2. Complete application with Choice consultant
  3. Organise to sign letter of offer and mortgage documents (return them to lender)
  4. Commence construction

Compared to working directly with a bank

  1. Make appointment to see Bank Manager
  2. Complete application
  3. Follow up pre-approval
  4. Follow up fixed price tender document
  5. Fax fixed price tender document and house plans to bank
  6. Follow up receipt of fixed price tender document by bank
  7. Follow up HIA building contract, construction plans and specifications
  8. Fax HIA building contract to bank
  9. Wait to receive unconditional approval
  10. Follow up letter of offer and mortgage documents
  11. Fax copy of letter of offer to builder
  12. Organise signing of letter of offer and mortgage documents
  13. Return letter of offer and mortgage documents to bank
  14. Follow up bank to confirm receipt of letter of offer and mortgage documents
  15. Organise copy of council approved house plans, builder's all risk insurance, HOW certificate, Building Permit from builder
  16. Fax copy of council approval house plans, builder's all risk insurance, HOW certificate, building permit from builder to bank
  17. Follow up receipt of council approved house plans, builder's all risk insurance, HOW certificate, building permit from builder by bank
  18. Confirm settlement with bank and builder
  19. Commence construction
  20. Organise progress payments throughout construction with bank

Loan Calculators

Our easy to use online calculators will help you assess your finance situation and mortgage repayment options. Just remember, all online calculators are a guide only and should not be considered as investment advice. There will be other criteria that will need to be considered before you take out a loan and you should always consult your financial advisor.

Loan repayment calculator

Enter the amount you want to loan, an interest rate, the term of the loan and get the minimum monthly, fortnightly or weekly repayments, plus the amount of interest paid.

How much can I borrow calculator

This calculator provides you a guide on what is the maximum you could borrow. It takes into account your annual, monthly, fortnightly or weekly income, your expenses, the interest rate and term of the loan. It will also tell you what the monthly repayments will be and the interest paid over the term of the loan.

Stamp duty calculator

Figure out how much you will owe the tax department for stamp duty on your new house. Also find out how much you will save in turn if you are a first home buyer.

Finance tools

Below are tools to help you out

Download pdf Launch calculators

Contact Us

Choice Home Loans 

Casey Corporate Centre, Ground Floor
58-60 Victor Crescent, Narre Warren

T: 8794 8584
F: 8794 9691


SRB Financial Services P/L trading as Choice Home Loans
ABN 69 091 829 408

© Copyright 2013 Pennley Pty Limited ABN 40 071 979 498 as trustee for the Pennley Unit Trust trading as Choice Home Loans ("Choice Home Loans").
Choice Home Loans is a Credit Representative (No. 392528) of BLSSA Pty Ltd ABN 69 117 651 760, Australian Credit Licence 391237