Why is it so important to

Compare Loans?

Whether you’re a first-time buyer or you have purchased property in the past, it’s always a good idea to understand different loans in order to verify which loan delivers the most value over its full term. Don’t forget: even a very small difference in home loans can lead to you saving tens of thousands of dollars over the life of your loan!

When choosing a home loan, it’s important to explore all of your options and to compare home loan rates in particular. A comparison rate combines the total cost of a loan – including interest and all fees and charges – into a single percentage rate. This means that a lender’s advertised rate may not be the true rate of the loan, because they have not included fees and other charges.

By using our home loan comparison calculator, you can get a better sense of exactly what you will be paying for the life of the loan. 

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Brighton MyChoice Home Loans
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How We Calculate Our Home

Loan Comparisons

When we make your home loan comparison, we do so with the intention of being a reference and a guide in order to help you make the best decision about your future loan. We don’t ask for any tricky information – all we need are the two loans’ upfront and ongoing fees, introductory rates, introductory terms, and ongoing rates. Once we have all of this information, our home loan comparison calculator can provide an amortisation chart. This compares the cumulative payments of the two loans over a period of 30 years, and the interest saved in each.

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MyChoice Home Loans

At Brighton Homes, we are proud to work alongside our in-house finance experts at MyChoice Home Loans. In order to help you better understand the different home loan options available to you, the financial experts at MyChoice can discuss the process and help you to secure the right loan for your needs.