MORTGAGE BROKERS NATIONWIDE | PLATINUM MORTGAGES NZ

Why Is Choosing The Right Mortgage Broker Important?

A mortgage is a large investment

A house might just be the most expensive purchase you ever make. That’s why it’s essential that you take the time to make sure that it becomes an asset. A significant factor affecting this is what mortgage you obtain.

When it comes to buying a large asset like a home,  you’ll usually borrow money from a  bank or other financial institution.  You repay the loan in regular instalments over an agreed period of time.  This loan is called a mortgage.

Since you are using the lender’s money, they’ll charge you a fee called interest. The interest you pay on a mortgage can be a floating rate or a fixed rate. A floating rate moves up and down with the market.  A fixed rate stays the same for a set period of time. 

Undisclosed fees or unexpected interest rates can be more than just unpleasant financial surprises. They can create large dents in your budget and cause unexpected delays in the mortgage process, which can put your plans to move into your nice new home on hold.

Mortgage Advisers know the criteria

Mortgage Adviser know the essential details about each lender’s criteria. They provide you with mortgage advice that will give you the best possible loan deals at the lowest possible interest rate. If you’re in a difficult situation, such as if you have bad credit, a low deposit, or other complicating factors, they can connect you with right lenders.  The right lenders are those who are most likely to say ‘yes’. They’ll help you choose the right home loan to suit your needs.

We handle the administration and paperwork for you. We package your application to maximise your chances of getting the finance you need to achieve your goals. When you choose a team like Platinum Mortgages, you’ll get a hard-working, dedicated Mortgage Adviser.  We are committed to bringing you the best rates for your mortgage. To learn more about the mortgage advice we can offer you, get in touch with us at 0800 536 346.

How Can A Mortgage Broker Help Me?

Navigating the many lenders and loan options can be difficult.  Whether you’re buying your first home, upgrading, refinancing, or need a second mortgage, the right Mortgage Broker can make a big difference.  They help you secure the best possible deal.

You can think of your Broker as a local finance expert. They help you make sense of all the options available, assist with the paperwork and processes.  They also connect you with the right lender for your needs. They have a considerable amount of experience in the finance and loan market.  Therefore, you can take advantage of the reliable mortgage advice they’ll give you to bring your dreams of home ownership to life.

Finding You The Right Lender

Mortgage Brokers deal with a large number of lenders. This experience means that when you use us, you find the right loan for your needs without having to take the time and trouble to shop around on your own.

They have more than just connections to lenders. As experts in the finance and home loan industry, we know the interest rates offered by different lenders, their application criteria, as well as the type of borrowers to whom they are most likely to say yes. This knowledge means that we can negotiate on your behalf to help you get the best possible deal.

The Correct Loan For Your Needs

You’ll be able to access a range of products and services that include more than just mortgages. Mortgage Brokers know the finance industry well and have a loan product for most customers. Whether you want the best interest rate, have a small deposit or bad credit, we’re here to help.

If you’re self-employed and can’t easily prove your income, we can still help find the right loan for your needs.

Platinum Mortgages help you put your loan application together. We help you find a loan when your bank says no.  We can secure a better deal than if you went directly to a bank or non-bank lender.

Help With The Paperwork

Your Mortgage Broker helps prepare your application and presents it in a way that improves your chances of loan approval.

In addition to helping you find lower interest rates and the most cost-effective mortgages for your needs, we have the expertise to help you through the more complex aspects of acquiring a home loan.

We help you find lower interest rates and cost-effective mortgage options tailored to your individual financial needs.

Our team guides you through the complex steps of securing a home loan, even in more challenging financial situations.

If you’re a first-time buyer relying on KiwiSaver funds, we’ll advise you on how to withdraw your funds correctly.

We also provide expert mortgage advice to investors and buyers with unique or non-standard borrowing circumstances.

We inform you about potential extra costs, such as mortgage insurance or low equity fees that may apply.

We assist hundreds of home-buyers every year.  Therefore, we understand the issues that can arise during the mortgage process and take away the stress.

Our professionals offer you impartial advice tailored exactly to your needs while helping you figure out what you can and what you can’t do.

Reviewing Your Mortgage

A Mortgage Broker can help with more than just new home loans.  Interest rates and personal circumstances often change.  Because of this, your original loan structure may no longer suite your current situation or goals.  If you have a mortgage, we recommend reviewing your interest rate and repayments on a regular basis.

You should review your mortgage every year or two, or in the following circumstances:

• You have a fixed loan that is about to expire
• The interest rate on your floating rate mortgage has increased
• You have a significant life event happening soon, such as a new job with lower pay
• You get a large lump sum payment such as an inheritance

When you face such changing circumstances, it’s a good time to ask yourself whether your mortgage payments are still what you can comfortably afford. Check your budget to assess whether you have spare money towards additional repayments. This is because boosting your repayments by even a few dollars a week, could save you thousands of dollars in interest. This could lead to you being mortgage-free months or even years earlier than you initially expected.

If you are looking for mortgage advice to get you the best home loan for your needs, get in touch with us on 0800 536 346 today.