News

Adding another string to its diversification bow, independently owned mortgage broker Mortgage Choice launched its first home brand consumer finance product at the 2011 Mortgage Choice National Conference last week.

Mortgage Choice Motor Loans offers a fixed interest rate of 9.95% and services both personal and business customers wishing to buy vehicles from a licensed car dealer.

CEO Michael Russell said the new product is simply another step in the execution of the Mortgage Choice diversification strategy.

"Our brokers will treat the new product as they do any other on the panel," he said.

"In an industry with repeat and referral business at its core, Mortgage Choice remains focused on working in each customer's best interests."

Mortgage Choice Motor Loans covers new, used and demo passenger vehicles, 4WDs, people movers of up to seven seats and utes up to one tonne.

For commercial customers, it covers light commercial vehicles up to 2.5 tonne.

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