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Mortgage Choice Franchise

Mortgage Choice
Concept:
Mortgage Broking Services
Territory:
Australia
Training Provided:
2 Week Induction Training
Marketing Support:
TV, Press, Radio, Online
Agreement Term:
5 years with 5 year Option
Number Of Units:
449 (as at 31 December 2007)
Investment Required:
$35,200
Business Established:
1992
Franchising Commenced:
1994
Qualifications Required:
No Financial or Sales Experience Necessary

About Mortgage Choice
Established in 1992, Mortgage Choice is Australia's leading mortgage broker, writing almost one in every 20 Australian home loans via franchises operating throughout the nation. We provide you with a strong support system, an industry leading training program and a high quality continual professional development program so you'll be ready for business from start to finish.


Business Overview

Mortgage Choice started in 1992 with a simple, clear vision: to provide a high quality service to property buyers enabling them to compare a variety of home loans across a range of lenders in the privacy of their own home, one of our offices, or any other location that suits them. We believe our success today stems from doing just that.

Nationally, our loan book stands at over $31.6 billion, and we have an extensive range of Australia's leading lending institutions on our lending panel. This means we can offer our customers hundreds of different types of home loan products.

For a Mortgage Choice franchisee, the rewards can be outstanding. Low entry costs, minimal overheads and the immediate recognition of being part of an industry leader are just the beginning. Strong teamwork, proven systems, a great brand and committed support ensure a unique opportunity to grow your business well into the future.

Growth potential in the industry

The complexity and range of property loan products on offer from various lenders are making it increasingly difficult for the home buyer to make a choice, much less do the necessary running around. This is why over 45% of all new home loans are organised through a mortgage broker.

When you consider that Mortgage Choice is Australia's leading mortgage broker (in an industry worth over $200 billion dollars annually) you have to suspect that the future is looking rosy.

Why consider a Mortgage Choice franchise?

Mortgage Choice franchisees are in an ideal position to take advantage of growth in the mortgage broking market. Combined with a strong reputation, a solid business model and a committed franchise network, Mortgage Choice franchisees have a strong base from which to build a successful future in the industry.

From set-up advice, mentoring and ongoing training to software support, advertising and editorial material, discussion forums and a lot more, the highly experienced team at Mortgage Choice is dedicated to helping your business grow.

The benefits of being a part of the Mortgage Choice franchise network include:

• Low entry cost & overheads
• Work from home, commercial or shopfront office
• Generous financial reward structure based on performance
• Leading edge software & ongoing training
• Hands-on field support
• National marketing and public relations campaigns
• No financial or sales experience necessary
• Group Office leads

Mortgage Choice Training and Development

You know it and so do we: knowledge and experience are the cornerstones to business success. Through a variety of programs offered by the Mortgage Choice Training and Development team so you can quickly get your new business off the ground. Once underway, you'll find a full range of further training and development programs to help your business prosper and grow.

Mortgage Choice marketing activities

Mortgage Choice spends over $7 million on national advertising and public relations campaigns annually, with no levy charged to individual franchisees. Potential customers arising from the advertising activity are dispersed to individual franchisees via the Mortgage Choice customer service centre.

Our Awards

Our franchise system has received much recognition including:
• 2008 - Mortgage and Finance Association of Australia (MFAA) Awards Retail Mortgage Broker of the Year
• 2008 - MFAA Awards Operator of the Year
• 2008 - BRW Magazine Fast Franchises list
• 2007 - Lending Central Awards Mortgage Broker of the Year
• 2007 - FCA Excellence in Franchising Awards Franchisor of the Year (finalist)
• 2007 - Australian Banking and Finance Magazine Awards Best Mortgage Broker
• 2006 - BRW Magazine Top 500 Public Companies list
• 2006 - Mortgage Industry Association of Australia Awards Retail Mortgage Broker of the Year
• 2005 - Australian Mortgage Awards Best Branding
• 2005 - Australian Mortgage Awards Most Effective Internet Presence
• 2005 - Mortgage Industry Association of Australia Awards Originator of the Year [30+ staff]
• 2005 - Australian Banking and Finance Magazine Awards Best Mortgage Broker
• 2005 - BRW Magazine Top 500 list
• 2004 - BRW Magazine Fast and Lasting list
• 2004 - BRW Magazine Fast 100 list
• 2004 - Australian Banking and Finance Magazine Awards Best Mortgage Broker
• 2004 - Australian Mortgage Awards Franchise Operation of the Year
• 2003 - BRW Magazine Fast 100 list
• 2003 - Franchise Council of Australia (FCA) Awards Franchisor of the Year – Home-Based and Mobile, Greater than 100 Outlets
• 2003 - Australian Mortgage Awards Franchise Operation of the Year
• 2002 - BRW Magazine Fast 100 list
• 2001 - BRW Magazine Fast 100 list
• 2000 - BRW Magazine Fast 100 list
• 2000 - Franchise Council of Australia (FCA) Awards Best Franchise System (under $50,000)
• 1999 - Franchise Council of Australia (FCA) Awards Best Home Grown Franchise

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Mortgage Choice franchise articles

  • Variable loans still far more in vogue than fixed - Fixed rate loan demand at rock bottom. (19-Nov-2008)
    ...all other types, with well over three quarters (84%) of all loan approvals in this category, according to the Mortgage Choice loan approval data for October 2008.Meanwhile, fixed rate loan demand fell to less than 3%, down from 4% last month,...
  • Cash Rate Drops Encouraging for Many - Top tips for those looking to buy property (10-Nov-2008)
    ...Choice home equity franchise, Best in the Mortgage & Finance Industry*, is looking forward to seeing mortgage interest rates drop further now that the Reserve Bank of Australia has reduced the cash rate by 0.75% to 5.25%. The last time...
  • Females choose flexibility and challenge over cash - Potential franchisee research (21-Oct-2008)
    ...Mortgage Choice's Potential Franchisee Survey, it was discovered that female potential franchisees see the ability to control their own time and movements as the most important aspect of running their own business with challenge and personal...
  • First Home Owners Grant Increase is Superb News (17-Oct-2008)
    ...Choice applauds initiative expected to significantly boost housing market.Mortgage Choice financial services franchise, Best in the Mortgage and Finance Industry*, congratulates the Federal Government on its momentous step to increase the...
  • Destiny's Child (10-Oct-2008)
    ...they want to have control over their own lives, according to a recent study.The online survey conducted for Mortgage Choice has revealed women on a good salary are looking to control their own time and movements when they opt for running...
  • RBA Foot Lifts Off Brake Again - Another cash rate cut for a brighter Spring (10-Oct-2008)
    ...Choice, Best in the Mortgage & Finance Industry*, is very pleased about the Reserve Bank of Australia (RBA) decision to decrease the cash rate by 1.0% to 6.0%, the same level it was in August 2006.The move will bring a collective sigh of...
  • Sharing A Mortgage With Family (26-Sep-2008)
    ...who is considering purchasing property in any partnership should seek legal advice regarding the arrangement. Mortgage Choice financial services franchise recommends that each party, regardless of their relationship status, seeks the advice...
  • RBA Puts a Real Bounce Into Spring - Borrowers should rejoice but keep a level head (5-Sep-2008)
    ...Choice, Best in the Mortgage & Finance Industry*, is thankful and happy to hear the Reserve Bank of Australia (RBA) decision to decrease the cash rate by 0.25% to 7.0%.It is the first decrease since December 2001, when the rate hit 4.25%, and...
  • Mortgage Choice Says KahDo: Brisbane launch success (4-Aug-2008)
    ...Brisbane CBD roads were awash with colour yesterday afternoon, thanks to nationwide mortgage broker franchise Mortgage Choice launching its “I’ll Show You the Way Home” campaign via an urban “KahRally” throughout the city.The “Seek out the...
  • Mortgage Choice Home Loans - Why I love my job (23-Apr-2008)
    ...in 1992, Mortgage Choice franchise is Australia's leading mortgage broker, writing almost one in every 20 Australian home loans via franchises operating throughout the nation. We provide you with a strong support system, an industry...
  • Mortgage Choice background information (26-Mar-2008)
    ...important, but not always easy, decision. That’s why more than 200,000 customers have chosen to use the services of Mortgage Choice. Formed in Sydney in 1992, Mortgage Choice has grown to be Australia’s leading mortgage broker and is the only...
  • National Franchising Survey: It’s All About Money & Lifestyle (17-Mar-2008)
    ...change of career path, a recent survey found.   In the national independent online survey commissioned by Mortgage Choice, of people in the 25 to 55 year age group earning $60,000+ per annum, the top reason for running their own...
  • HOUSING FINANCE RISES DESPITE INTEREST RATES INCREASES - MORTGAGE CHOICE SAYS ‘ENOUGH’! Federal Government tax cuts won’t cut it (17-Mar-2008)
    ...Choice, Australia’s leading mortgage broker, responds to the housing figures released today by calling on the federal government to abandon its plans to introduce tax cuts in July. At the same time the nationwide franchisor strongly advocates a...
  • Succession Planning More Relevant Than Ever (12-Mar-2008)
    ...Choice, Australia’s Best Mortgage Broker*, is strengthening its vision towards the future when it comes to ensuring succession planning is central to each franchise. The focus is on maximising business growth and at the same making each franchise...
  • Mortgage Choice appoints Arthur Wajs as franchise development manager for VIC/TAS (25-Feb-2008)
    ...Choice appoints Arthur Wajs as franchise development manager for VIC/TAS   Mortgage Choice, Australia’s Best Mortgage Broker*, is pleased to announce the appointment of Arthur Wajs as Franchise Development Manager VIC/TAS.  ...
  • Where do mortgage brokers come from- Franchise Recruitment Index breaks the myth (10-Oct-2007)
    ...are breaking the myth that a mortgage broker must have either financial services or sales experience.   Mortgage Choice, Australia’s Best Mortgage Broker*, profiled all its franchise owners who started during 2005 and 2006 for the latest...
  • Mortgage Choice franchise frequently asked questions (25-Sep-2007)
    ...can my mortgage choice loan consultant help me more than going direct to a lender?  Convenience, experience and wider choice. Leading loan consultants, such as those from Mortgage Choice, have a wide range of financial institutions on...
  • Mortgage Choice steps to consider before buying property (18-Sep-2007)
    ...survey conducted by Australia's leading mortgage broker, Mortgage Choice, uncovered an interesting fact - 55% of Australians were confused about the property loan process, even if they had been through it before. 34.6% of respondents (who were...
  • Is my loan still the most suitable for my standard of living? (18-Sep-2007)
    ...should book in for a regular Mortgage Choice property loan health check to make sure you still have the one most suitable for your needs. Lifestyles change and so do property loan products! You could be missing out on a great deal. Borrowers...
  • How to use the equity in your property for an investment property (18-Sep-2007)
    ...to residential property investors and the right loan will depend on your investment strategy. Consult with your Mortgage Choice loan consultant to determine the most suitable loan option. Consider interest only vs. principal and interest loans...
  • Mortgage Choice helpful hints (18-Sep-2007)
    ...down the deposit saving process into steps, may see you owning your own property sooner than you think! Mortgage Choice recommends these tips for those looking to enter the property market:   Factor in additional costs Remember it's...
  • Mortgage Choice appoints Ross Hardcastle to the role of state manager VIC/TAS (3-Sep-2007)
    ...Choice, Australia’s Best Mortgage Broker*, is pleased to announce the appointment of former Franchise Development Manager (FDM) for Queensland, Ross Harcastle, to the position of State Manager VIC/TAS.   Ross’s promotion is recognition...
  • Mortgage Choice franchise opportunity (25-Jul-2007)
    ...at 6 per cent and 8 per cent respectively on the prior corresponding reporting periodThis article is courtesy of Mortgage Choice.See the buying a franchise page for additional...
  • Mortgage Choice franchise teams with Residex (26-Apr-2007)
    ...Mortgage Choice franchise, Australia’s leading mortgage broker, worked closely with property information experts Residex on a collaboration that sees participating loan consultants now able to supply customers with two versions of property reports...
  • Leads soar for Mortgage Choice franchise (24-Apr-2007)
    ...Mortgage Choice franchise, Australia’s leading mortgage broker, is delighted with the immense popularity of its new national customer service centre number, the phone word 13MORTGAGE.The ‘vanity’ phone number, which launched on 1 February 2007,...
  • Mortgage Choice franchise property tips (13-Apr-2007)
    ...Mortgage Choice franchise, Australia’s leading mortgage broker, would like property owners to consider looking before they leap into action and sell their investment property/ies simply to take advantage of the pre 1 July 2007 superannuation...
  • Adelaide Thunder now sponsored by the Mortgage Choice franchise (14-Mar-2007)
    ...Mortgage Choice franchise, Australia’s leading mortgage broker, is proud to announce its new sponsorship of the Adelaide Thunder, a state wheelchair basketball team.The team has spent the past four years without a sponsor, but now Wheelchair...
  • Mortgage Choice franchise sponsors Solar Challenge (14-Mar-2007)
    ...Mortgage Choice franchise, Australia’s leading mortgage broker, was excited to attend the Annesley College Solar Challenge Dinner at the Adelaide Convention Centre.The dinner successfully launched the college’s all-girl team entry into the World...
  • Mortgage Choice franchise on interest rates (14-Mar-2007)
    ...historically low rate. Modest economy growth and subdued consumer spending are some key reasons for the decision.The Mortgage Choice franchise national manager corporate affairs, Warren O’Rourke said Australian borrowers with variable rate loans...
  • Mortgage Choice franchise property investment advice (6-Mar-2007)
    ...Mortgage Choice franchise, Australia’s leading mortgage broker, believes the low vacancy rates, rise in rents and the stabilising of property prices in most states is a great opportunity for Australians to consider buying an investment...
  • Mortgage Choice franchise borrowers safeguard loans (26-Feb-2007)
    ...rate loans with 32 per cent of all approvals in this category up on the 12-month average of 30 per cent, the latest Mortgage Choice franchise national housing loan approval data for January 2007 revealed.Financial services franchise National...
  • Home joins Mortgage Choice franchise (19-Feb-2007)
    ...Mortgage Choice franchise, Australia’s leading mortgage broker, today announced the addition of its 29th lender panel member – the West Australian based and operating Home Building Society Limited.A recent financial services franchise board...
  • Mortgage Choice: consulting financial service franchises (12-Feb-2007)
    ...Mortgage Choice franchise, Australia’s leading mortgage broker, continues to see many people going into bankruptcy arrangements for a relatively small amount purely on the advice of debt agreement companies. According to the financial services...
  • Mortgage Choice franchise: time ripe for investors (12-Feb-2007)
    ...to the Mortgage Choice franchise, the Reserve Bank of Australia’s February 2007 decision to keep the cash rate steady will allow Australians who have - or are looking to take onboard - variable rate loans at least one more month to take a breath...
  • New WA development manager for Mortgage Choice franchise (5-Feb-2007)
    ...leading mortgage broker, the Mortgage Choice franchise is pleased to announce the appointment of Peter Neumann as Franchise Development Manager (FDM) for Western Australia.Peter has a strong franchising, financial services and property background....
  • Mortgage Choice franchise awards highest achievers (31-Jan-2007)
    ...Mortgage Choice franchise, Australia’s leading mortgage broker, recently celebrated the persistence, drive and business planning and operating skills of its top brokers at its 2007 National Conference, held in Perth from 18 January to 21 January...
  • Mortgage Choice recognises top franchisees (31-Jan-2007)
    ...Mortgage Choice franchise, Australia’s leading mortgage broker, is energised and proud to have rewarded its top achievers in terms of loan settlement figures (numbers and dollars) with a one-week trip to South Africa in May 2007 to celebrate their...
  • Top tips from the Mortgage Choice franchise (17-Jan-2007)
    ...Mortgage Choice franchise, Australia’s leading mortgage broker, would like to welcome 2007 with some top tips to start off borrowers around the country on surer footing for the new year.Borrowers should use a monthly budget plan to pay off their...
  • Mortgage Choice franchise 2006 consumer sentiment survey (9-Jan-2007)
    ...annual consumer sentiment survey conducted by the Mortgage Choice franchise, Australia’s leading mortgage broker, has found consumer sentiment for 2007 is mostly positive with interest rates remaining the biggest concern.In the independent online...
  • Mortgage Choice: borrowers dread interest rate rises (9-Jan-2007)
    ...rate loans with 33 per cent of all approvals in this category up from 29 per cent the previous month, the latest Mortgage Choice franchise national housing loan approval data for November 2006 has revealed.This is the first time in recent history...
  • Mortgage Choice franchise consumers have their say (9-Jan-2007)
    ...annual consumer sentiment survey conducted by the Mortgage Choice franchise, Australia’s leading mortgage broker, has found consumer sentiment for 2007 is mostly positive with interest rates remaining the biggest concern.In the independent online...
  • The Mortgage Choice franchise and how divorce can exasperate financial matters (11-Dec-2006)
    ...to the Mortgage Choice franchise, the breakdown of any relationship is an emotionally distressing time but when it comes to divorce, concern over financial matters - especially ownership of the home or property shared - usually makes the situation...
  • Rate risk forces habit rethink: Mortgage Choice franchise (13-Nov-2006)
    ...Mortgage Choice franchise, Australia’s leading mortgage broker, sees the Reserve Bank of Australia’s decision to lift the official cash rate for a third time this year as an inevitable move that signals a need for Australian borrowers to rethink...
  • Continuous learning benefits Mortgage Choice franchise and customers (13-Nov-2006)
    ...Choice franchise, Australia’s leading mortgage broker, has designed and launched a state of the art training e-learning platform and continuous learning path that sets it apart from its competitors and continues the company’s pursuit for providing...
  • Women setting the Mortgage Choice franchise ablaze (31-Oct-2006)
    ...Mortgage Choice franchise, Australia’s leading mortgage broker, now boasts over 175 female loan consultants in its network, with that number growing impressively as more females realise they can achieve great success - just like the company’s top...
  • Mortgage Choice franchise profit up (31-Oct-2006)
    ...Highlights of the Mortgage Choice franchiseAll figures quoted are based on AGAAP unless otherwise stated.• Record net profit after tax $14.8 million, up 16 per cent on FY2005 $12.7 million. (AIFRS $17.9 million)• Total revenue $126.2 million, up...
  • Only fools rush in: Mortgage Choice franchise (31-Oct-2006)
    ...the loan process, according to the results of a recent survey conducted by Australia’s leading mortgage broker, the Mortgage Choice franchise. The annual survey of the financial services franchise nationwide loan consultant network revealed the...
  • Mortgage Choice franchise hits $1bn milestone (31-Oct-2006)
    ...only pure play listed mortgage broker, the Mortgage Choice franchise today announced the achievement of two milestones: - March 2006 being the first time that the monthly housing loan approvals of the financial services franchise passed the $1...
  • Mortgage choice franchise educating borrowers (31-Oct-2006)
    ...Mortgage Choice franchise, Australia’s leading mortgage broker, is furthering its dedication to borrowers with the October 2 launch of the ‘Mortgage Choice Pathways’ nurturing program.Pathways’ aims to assist potential customers - those who are...
  • Franchisees have a Mortgage Career Choice (30-May-2006)
    ...Mortgage Choice franchise, Australia’s leading mortgage broker, has been working solidly to strengthen its position as a company that provides its nationwide network of franchise owners with choice in terms of their career as a business...
  • Mortgage Choice franchise says patience is an investment virtue (30-May-2006)
    ...to the Mortgage Choice franchise, investing in property is an exciting and life-changing decision that can set you in good stead financially, given the right choices and commitment to its long-term nature.The recent unsettled and slowing market...
  • The Mortgage Choice franchise rejoices after top industry honours (30-May-2006)
    ...it truly is Australia’s leading mortgage broker, the Mortgage Choice franchise scooped the cream of the Mortgage Industry Association Awards that were held in Sydney on Friday 3 March. The financial services franchise reigned supreme, taking out...
  • Fast five minutes with the Mortgage Choice financial services franchise (26-May-2006)
    ...influenced the way you recruit prospective franchisees?Our comprehensive recruitment process has not changed because Mortgage Choice will not compromise quality for quantity to meet recruitment targets. The mix of low employment, a competitive...
  • Mortgage Choice new franchise manager (25-May-2006)
    ...Mortgage Choice franchise has announced the appointment of Tania Milnes as NSW franchise marketing manager.“One of my major challenges is to work with the NSW state office and NSW franchise owners to develop and implement successful marketing...
  • Why the Mortgage Choice franchise is Australia’s leading mortgage broker (25-May-2006)
    ...Mortgage Choice franchise is Australia’s leading mortgage broker with over 400 franchises across Australia offering customers over 300 home loan products from its panel of 28 lenders.Its brokers advise borrowers on the product range available,...
  • Consumers optimistic, according to the Mortgage Choice franchise (24-May-2006)
    ...annual consumer sentiment survey conducted by the Mortgage Choice franchise has found consumer sentiment for 2006 is mostly positive with interest rates remaining the biggest concern.In the independent online survey conducted in late November with...
  • The Mortgage Choice franchise Continuous Learning (22-May-2006)
    ...Mortgage Choice franchise has implemented a program to significantly improve its training, learning and development offering to better fit the needs of its franchise owners and their loan consultants.One of the major initiatives has been a project...
  • Mortgage Choice studies franchises (5-May-2006)
    ...broker the Mortgage Choice franchise has released the results of its annual Franchise Recruitment Index.The Index analyses the background and personal attributes of the company’s national franchise network over nine years, looking at details such...
  • Mortgage Choice chooses training program change (11-Jan-2006)
    ...Choice financial services franchise has implemented a program to significantly improve its training, learning and development offering to better fit the needs of its franchise owners and their loan consultants.One of the major initiatives has been...
  • Where do mortgagebrokers come from? (11-Jan-2006)
    ...Mortgage broker Mortgage Choice has released the results of its annual Franchise Recruitment Index.The Index analyses the background and personal attributes of the company’s national franchise network over nine years, looking at details such as...
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Mortgage Choice Pictures:

Mortgage Choice