Patrick Borg

Your award-winning Mortgage Choice home loan specialist in Preston

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Call 03 9748 7999

Looking for a home loan? Talk to Corey Fantuz and the team, your local Mortgage Choice brokers from Preston, VIC. Let us research and compare over 20 lenders for you.

Call Us Mortgage Choice Hoppers Crossing
Office - 03 9748 7999
Fax - 03 9748 7200

Open Hours Mortgage Choice Hoppers Crossing
Monday - Friday: 9:00am - 5:00pm
After hours by appointment
Free Appointment

Our people are your best asset

Mortgage Choice Preston has a strong team of experienced home loan specialists, giving you the benefit of great local knowledge and outstanding contacts.

We understand that buying and financing a property, especially your first home, can be daunting. With our wealth of knowledge and experience, arranging your next home loan can be simple and stess free.

It's all about meeting your needs

Our team is dedicated to understanding your individual needs, providing superior customer service and keeping you informed every step of the way.

The award winning team at Mortgage Choice Preston will streamline your next loan with 5 simple steps:

1. We take the time to understand and analyse your personal home loan requirements.

2. We filter through the hundreds of home loan options on the market.

3. We identify the loan(s) best suited to your individual circumstances.

4. Our support makes your application process easy - we'll be there alongside you right through to settlement.

5. Our long term approach means we'll stay in touch to help you reassess your home loan as and when your circumstances change.

Expert advice - even if you're just starting out

Enlisting the specialist help of an experienced mortgage broker makes it much easier to achieve your property goals.

The team at Mortgage Choice Preston are here to answer all your questions, analyse the options and explain which loan choices are most suitable for you.

Ask about our regular information evenings for property buyers including first home buyers and investors.

We can also assist with insurances, personal loans and referrals for conveyancers.

Even better - we'll come to you

We can meet you at our office or we can come to you - wherever and whenever it suits.

Call Mortgage Choice Preston today on 03 9748 7999 or using the contact link at the top of this page. We look forward to helping you.

We service the Western Suburbs, including Fawkner, Thornbury, Preston, Reservoir and all other surrounding areas.

The right home loan for your needs

Our mission is to find the right home loan for your individual needs and to always have your best interests at heart. Plain and simple. Which is why we have such a wide range of lenders to choose from. We can search through hundreds of products to find something tailored to your situation. ~

Client reviews

Both Tabitha and Kristin have been an absolute pleasure to communicate with over the past few months. They assisted my partner and I through our first experience in obtaining and applying for the best possible mortgage for us with patience and knowledge. They were so generous with their time and would always get back to us swiftly with an answer to all our queries, which really helped ease our anxi... read more

Alice
13 May 2024

Matthew was very professional throughout the whole process. He was constantly keeping us informed every step of the process.

Kari
13 May 2024

Pat at Mortgage Choice was very easy to work with - kept me informed at all stages and made the process seamless. Was good to know the home loan side of things was sorted when there were so many other things happening when we purchased our home Thanks team

Melissa
13 May 2024

Tabitha's support throughout the whole loan process was outstanding. She kept in constant contact with us, so we knew exactly where our application was in the process. Tabitha's advice on the best loan for our circumstances, made it an easy decision who to go through.
Thanks you so much Tabitha.
I would definitely seek your advice again.
Kind Regards
Carol

Carol
11 May 2024

Thanks to Pat and his team for their excellent service and support provided throughout our loan application. Pat is very patient and is always available to take our calls or answer emails. Its very much appreciated and we would highly recommend your services to others.

Kety
10 May 2024

First time for me, applying for a loan. Didn't realise there was so much involved. Mortgage Choice Hoppers Crossing were great to deal with. Kept me informed at every stage, and gave me reassurance along the way Which I needed. I would recommend them in future. Big thank you to Tabitha

Kim
10 May 2024

Awesome experience, very accommodating for all my needs to help with the current finances and future finances, very well organised group and not shy to give you a call to help you with anything you may be stuck on, no question will go unanswered 100100

Hayden
09 May 2024

Tabitha Borg has worked with me to secure a home loan at an excellent rate. She is an experienced and professional mortgage broker, who carefully guided me through the whole process and answered all my questions. I highly recommend the services of Mortgage Choice as you will definitely be looked after

Anastasia
09 May 2024

Matt helped me with my home loan, he was quick, and pro-active, and he explained everything very clearly. And he gave me peace of mind, knowing that he was looking after everything I'd definitely recommend Matt to anyone looking to purchase a home

David
09 May 2024

Mortgage Choice Hoppers Crossing help us get a great home loan. Matt was great to work with and helped us understand every part of the process

Pat
08 May 2024

First home buyer's guide

Purchasing your first property can be an overwhelming process and there may be steps you are unsure or unaware aware of. This guide will walk you through all of the steps involved in the buying process.

Download now

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My monthly rental income before tax

Other income

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My credit card limits

Other repayments

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2nd Applicant

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2nd applicant monthly rental income before tax

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2nd applicant monthly other income before tax

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Calculate

You could borrow up to

Repayments
/ month
Expenses
Remaining

Based on standard variable rate over years.

Start the pre-approval process

The borrowing amount is a guide only. Loan repayments are based on the lowest interest rate (either standard variable or 3-year fixed rate, owner occupier) from our lender panel over a repayment period of 30 years. Rates and repayments are indicative only and subject to change. The results from this calculator are an approximate guide only and do not constitute specialist advice. The calculations used should not be relied upon for the purposes of entering into any legal or financial commitments.

Your borrowing estimate

Recalculate borrowing power

Monthly income

Expenses

You may borrow up to

Value of property

Borrowing

Over

Interest Rate Use the lowest rate from Mortgage Choice's lender panel Input rate

Repayment options

Extra monthly repayments

Your monthly repayments
Total loan repayments:
Total interest charged:

There's a lot to consider when choosing the right loan.

The lowest interest rate from our lender panel is either standard variable or 3-year fixed for an owner-occupier. Rates and repayments are indicative and subject to change. The results from this calculator are an approximate guide only and do not constitute specialist advice. The calculations used should not be relied upon for the purposes of entering into any legal or financial commitments.

Value of property

State

Property use

Type of dwelling

Type of property

First Home Buyer?

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Total fees:

Breakdown	Amount
Stamp duty on property
Transfer fee
Mortgage registration fee

Need help with your next home purchase?

Extra Information

Home Buyer Concession Scheme

From 1 July 2019, the FHOG ACT has been replaced with exemptions on stamp duty. The stamp duty exemption is applicable to all properties in ACT, including vacant residential land and both new and established homes at any price. As this is still to aid first home buyers, to be eligible at least one buyer must live in the home for at least 12 months, starting within 12 months of settlement or completion of construction.

To be eligible, first homeowners in the ACT must have a household income below $160,000. This number increases up to $176,650 depending on the number of children you may have.

Click here for more information on the ACT First home Owner Grant.

Stamp duty concessions in NSW

From 1 August 2020, the NSW government has announced that stamp duty will not be applicable to first home buyers for properties valued up to $800,000 and vacant land valued up to $400,000. This stamp duty exemption will be in place for 12 months to 31 July 2021, in which the stamp duty exemptions will revert back to $650,000 for homes and $350,000 for land.

Additionally, a concessional rate of duty will apply to homes valued more than $800,000 but less than $1,000,000 and vacant blocks of land valued more than $400,000 and less than $500,000

How much is the First Home Owners Grant NSW?

The FHOG in NSW is worth $10,000 however conditions apply. To be eligible, your first home must have a total value below $600,000, and be either newly constructed or ‘substantially renovated’. A home is substantially renovated when most or all of the original house was removed or replaced, and it’s the first time the place has been sold, and lived in, after the renovations were completed.

If you plan to build a new home from scratch, you can still be eligible for the FHOG in NSW as long as your land plus the home you build have a combined value of less than $750,000.

Click here for more information on the NSW First Home Owner Grant.

How much is the First Home Owners Grant in the NT?

The First Home Owner Grant in NT is $10,000. Your income and the price of your home don’t affect the FHOG NT, and the grant is available if you buy or build a new house, apartment, duplex or townhouse.

As of 30 June 2021, there are currently no stamp duty concessions for first home buyers in NT.

Previously the Territory’s First Home Owner Discount was in place from 8 February 2019 to 30 June 2021. It let you save up to a maximum of $18,601 on the cost of stamp duty. The savings were available whether you purchased a new or established home as long as the home was valued under $650,000.

Click here for more information on the NT First home Owner Grant.

How much is the First Home Owners Grant QLD?

As a first home buyer in Queensland you could be entitled to the $30,000 First Home Owner Grant. To be eligible, you need to buy a brand new home or build a home from scratch with the total value (including the land) below $750,000. You may also be eligible if you buy off the plan or an established home that’s been substantially renovated.

As a guide, substantial renovations include replacing or altering foundations or replacing or altering floors. Cosmetic work such as painting the walls or sanding floors doesn’t add up to a substantial renovation when it comes to the FHOG in QLD.

Stamp duty concessions

If you’re buying vacant land to build your first home, you pay zero stamp duty as long as you pay $250,000 or less for your block. Concessions are available for vacant land valued above $250,000 and up to $400,000. Whereas if your first home is valued up to $500,000, you pay zero stamp duty. That’s a saving of $7,175 which is the maximum stamp duty rebate available to first home buyers in QLD.

Additionally, savings on stamp duty may still be available if you pay between $500,000 and $550,000 for your first home. As a guide, if your first home is worth $530,000, you pay stamp duty of $6,300 a saving of $3,500. These savings cut out altogether if your first home costs $550,000 or more.

Click here for more information on the QLD First home Owner Grant.

How much is the First Home Owners Grant SA?

There are currently no specific stamp duty concessions available for first home buyers in SA.

The $15,000 FHOG in South Australia is only available to first home owners who buy a new home. You can choose from a house, apartment, townhouse or villa.

You will only be able to claim the FHOG SA if you pay below the following amounts for your home:

Before 14 June 2023: $575,000
After 15 June 2023: $650,000

You can also claim the First Home Owner Grant in South Australia when you buy a block of vacant land to build your first home on. However, the end value of your building plus land must be no more than $575,000.

Click here for more information on the SA First home Owner Grant.

Stamp duty concessions in TAS

If you buy an established home, you are not eligible for the FHOG in Tasmania but you may be able to claim savings on stamp duty. If you’re home is valued at

$400,000 or less, you will receive a 50% discount on the property transfer duty (stamp duty).

How much is the First Home Owners Grant TAS?

The FHOG Tasmania is worth $30,000 until 30 June 2022 but only when you buy or build a new home. Off the plan purchases are also eligible. In Tasmania, there is no limit on the purchase price of the property, and the FHOG is not means tested.

Click here for more information on the TAS First home Owner Grant.

Stamp duty concessions in VIC

First home owners in Victoria don’t pay stamp duty at all on their first home as long as the property is valued below $600,000. You may still be eligible for savings on stamp duty if you pay between $600,000 and $750,000 for your first home. The stamp duty concessions available in Victoria apply to both established and new homes.

How much is the First Home Owners Grant VIC?

The FHOG Victoria is only available if you buy a newly built home or if you choose to build a home from scratch. The FHOG is worth $10,000 if you build/buy in Victoria.

Your first home can be a house, townhouse, apartment, or unit but it must be valued at $750,000 or less, and it must be a new home – being sold as a home for the first time, and less than five years old.

Click here for more information on the VIC First home Owner Grant.

Stamp duty concessions in WA

If you buy vacant land to build your first home, you’re exempt from paying stamp duty as long as you don’t pay more than $300,000. If you pay between $300,000 and $400,000 you will be entitled to a reduced rate of duty.

If you buy a home costing up to $430,000, no stamp duty is payable at all. If the value of your home is between $430,000 and $530,000, you’ll be entitled to a reduced rate of stamp duty. There are no additional concessions for homes valued above $530,000 and land valued above $400,000.

How much is the First Home Owners Grant WA?

The FHOG WA is worth $10,000 when you buy or build a brand new home. There are limits on what you can pay for your first home to be eligible for the FHOG in Western Australia.

If you’re located south of the 26th parallel, which basically covers all the Perth metropolitan area, you can claim the FHOG WA if your new home is worth up to $750,000 – this includes the value of the land plus buildings.

If you buy or build a home north of the 26th parallel, the property must be valued up to or below $1 million to be eligible for the FHOG WA.

The First Home Owner Grant in Western Australia is no longer available if you buy an established home however you may be able to claim stamp duty savings.

Click here for more information on the WA First home Owner Grant.

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