Aussie Mortgage Company

Aussie Mortgage Company

Aussie Mortgage Company is one of the leading home loan service providers in Australia. The official corporate name of Aussie Mortgage Company is Aussie Home Loans. Because it gives much priority to its clients and customers, Aussie Mortgage Company is among the first financial institution to offer its products and services 24 hours a day. Aussie Mortgage Company also features a very efficient customer service staff that is always ready to attend to your needs and concerns. In 2007, the loans portfolio of Aussie Mortgage Company has already reached an estimated value of over AU$20 billion.

Aussie Mortgage Company History

Aussie Mortgage Company was founded on the 17th of February in 1992. John Symond, an Australian businessman, is the founder and CEO of Aussie Mortgage Company. Due to the success of Aussie Mortgage Company, John Symond became one of the wealthiest men in Australia. His estimated fortune is around AU$365 million as of 2004. The current Managing Director of Aussie Mortgage Company is John Symond's nephew, James.

Aussie Mortgage Company can also be credited as the pioneer in the securitisation of home loans. By introducing the concept of secured loans, Aussie Mortgage Company also afforded to offer home loans at a much cheaper price than any other mortgage company. The instant success of Aussie Mortgage Company caused other financial institutions to imitate Aussie Mortgage Company's business strategy. To extend its home loan services to the people of Australia, Aussie Mortgage Company included mortgage broking in its long list of offered services.

Aussie Mortgage Company Home Loans

The six different types of Aussie Mortgage Company Home Loans are the basic Home Loan, the Aussie Premium Plus, the First Home Buyer, the Express Low-Doc, the Line of Credit, and the All-In-One option.

• Basic Home Loan - includes the fixed and variable rate options
• Aussie Premium Plus - allows the borrowing of larger amounts of money
• First Home Buyer - assists in the sooner purchase of the debtor's first home
• Express Low-Doc - involves very little paperwork requirements
• Line of Credit - allows the use of home equity as home loan security
• All-In-One - permits the combination of a home loan and a transaction account