A useful tool to give you options
A new online mortgage tool powered by eChoice.com.au means that consumers will now be able to compare their home loan options against a specific property, with technology previously only available to mortgage brokers.
The tool, called get the Real Picture, offers a transparent overview of home loan options from 25 banks and non-bank lenders and hundreds of mortgage products tailored to their financial situation and preferences. Options are generated without any allegiance to any financial institution.
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Peter Andronicos, General Manager of eChoice.com.au, said, “Get the Real Picture is not a simple calculator: it is a real tool that uniquely sources home loan products tailored to an individual’s financial situation and a pre-selected property on Domain.com.au. This is one of the first-time’s a real estate portal has offered mortgage assessment tools and we wanted them to help prospective buyers make better informed decisions.”
Get the Real Picture will appear both as a ‘button’ alongside selected Domain.com.au properties and as a featured website tool, enabling the service to also be used by renters to calculate their borrowing power and by existing mortgage holders to review the mortgage market place for a better deal.
Features include:
• Dozens of home loan options from a portfolio of more than 100 products and 25 lenders
• Full transparency – access to all products available on the eChoice panel
• Includes all major lenders and the big four banks
• Products can be offered specific to properties selected on Domain and personal financial situations
• Can be used independent of a selected property
• No waiting times - options appear as an instant home loan report following a completed application
• Finance approval is typically offered within 48 hours, subject to lending criteria
• Personalised service through the eChoice call centre
Get the Real Picture will launch on Domain.com.au, view more information here.