Some Insights

I bumped into a parent of one of my kids’ friends the other day. We got talking. They asked me how business was. It’s crazy busy I said (a good thing). They asked me; “What is the value of using a mortgage broker?”. I talked them through it (and of course booked a time to help them review their structure and lender options) but it made me think - maybe I shouldn’t assume people know…..So, here is a snapshot of just a few of the reasons why you should always use a Mortgage Broker:

Not all banks are the same - and neither is everyone’s situation or needs. We understand how to match lenders with clients’ needs and profiles.

Structure and Products are as important as rates - although we tend to get the best rates and cash contributions for our clients, we are equally focused on ensuring the right structure for their situation and goals.
Different lenders allow different levels of extra mortgage payments over and above your minimum contracted payments - making the difference between paying your mortgage off years early - we know the different offerings of all of the lenders (bank and non-bank)
Investors – we work with you to minimize the security you offer to lenders and work on strategies to leverage existing securities as much as possible – be it with banks or non-banks.
First Home Buyers – We understand how to navigate the Kiwisaver and Homestart Grant Process and we know which lenders are more suitable to you.
Mortgage Advisors work for their clients as their priority – we understand all the options for our clients – not just one.
Often, Mortgage Advisors will negotiate the best rates – they know-how and who to negotiate with at any time in the market – different lenders have different specials on at different times or are offering larger cash contribution incentives at different times
Deal once with a Mortgage Advisor versus 3 or 4 visits/calls to different banks that use different processes and have different policies
We live and breathe the process of buying a first home or buying another investment property.
In almost every single instance, the bank pays the broker - so it doesn’t cost you.

So, you know you want to use a Mortgage Advisor but how do you choose which one?

Like anything - wisdom and experience go a long way.

My recommendation is to deal with an Advisor that at least owns their own home and if you are an investor, there is a significant opportunity to glean knowledge and experience by building a relationship with an Advisor that owns or has owned, their own investment properties - this additional practical experience will be invaluable to you in the long run.

Ready to talk?

Call me now on 021 615907

Email me at paul@khproperty.co.nz.

Proud Gold Sponsor of Tauranga Property Investors Association

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