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Got questions? here’s some of the most common Mortgage FAQ’s
99% of the time, our services are FREE for you to use. (The banks pay us a commission at no extra cost to you.)
There are a couple exceptions to this rule when a lender doesn’t offer commissions such as when development finance is involved. If this is the case you will be made aware of these charges before we begin work together.
In most cases a mortgage Adviser will receive commission from the lender, as a portion of the loan value. (This comes at no extra charge to you as the borrower)
Ideally, right from the beginning (even before you have a property in mind). This way we can save you time and stress while supporting you every step of the way. However, no matter what stage of your home buying journey you’re in – even if you already have a signed sales agreement, we are here to help! Pick up the phone or book your discovery call today.
There is no difference. In New Zealand we are now called Advisers instead of Brokers
No, the bank doesn’t charge you anymore to work with a mortgage advisor. The cost is the same either way. A mortgage advisor may even be able to get you a better deal than you can find for yourself. Using a mortgage advisor will also save you time with only 1 application needed to be filled out instead of 1 for every bank.
This differs from person to person depending on many things i.e. Income, Deposit, Where you are buying etc.
The easy answer to this is no. Most lenders will lend up to 80% of the property value, we can push to get 90% in some cases but there is higher costs involved with doing this. In some cases investors can get 100% lending as they use equity in a already owned property as the deposit.
To begin with, the basic documents we need are; some form of ID (ie Passport or Drivers Licence), your last 3 pay slips, 3 months bank statements, and 6months of any loan statements / credit cards. There will likely be more information needed depending on what kind of loan you are applying for. We will walk you through every step of the way to make this as straight forward as possible for you.
There are options available where you don’t need to show your income. When there is a will, there is a way. Contact us to find out how you can access this lending.
Yes there are options for you and we would be more than happy to help you do this.
Yes there are many options to look at, including other main banks and alternative lenders.
Just 1 application with us. We take away the pain of having to do multiple applications with multiple banks.
Not necessarily. Actually, in most cases non-banks fees are very close to mains banks. This is because of the extra competition that non-banks are providing and the amount of customers they have.
Essentially, a mortgage adviser is the middle person between you and the banks. They go in to bat for you and negotiate the best deal possible for your situation.
They work with you to assess your financial situation, credit history, and borrowing needs to help find the best mortgage product available.
They can provide advice on the different types of mortgages and help you understand the costs associated.
Contact us below and I’ll be sure to get back to you.
