Finance

Do you pay to get the support and help of a mortgage adviser?

A mortgage adviser (or mortgage broker), acts as an intermediary between you and the bank, helping you find the most suitable home loan products that match your specific needs and financial circumstances.

They have access to a wide range of loan options from various banks and lenders, allowing them to compare and recommend the most suitable options to our clients.

Mortgage advisers also have in-depth knowledge of the home loan market and can guide borrowers through the complex and often overwhelming process of securing a home loan.

In short, a mortgage adviser takes care of all the legwork for you when it comes to researching the best bank, loan options and ultimately applying for the loan. They also take care of the negotiations when it comes to interest rates and cash contributions from the bank.

While your personal banker can also give you good guidance and recommendations but remember, they can only offer advice on their own products so you may be missing out on a more suitable option elsewhere.

So how do mortgage advisers get paid?

Contrary to popular belief, mortgage advisers generally don’t charge a fee for their advice and service. Instead, they earn a commission from the banks and lenders upon the successful referral of a new mortgage customer and subsequent draw down of a home loan.

Savings for the borrower

A mortgage adviser’s ability to secure a better interest rate or negotiate more favourable loan terms can potentially result in long-term savings for borrowers.

The ongoing service provided by a mortgage adviser after you have settled on a property can also save you time and hassle - like when it’s time to refix your interest rate, or if you need a top up on your home loan.

So, if you would like some support or advice please don’t hesitate to get in touch with me for an obligation free chat.

Stephen Massey – Loan Market, Call 021 711 444 or check out my website www.loanmarket.co.nz/stephen-massey

Mortgage Ladies and Co

The small mortgage advisory with the big heart. Headed up by Heather Roney, award-nominated Financial Adviser and pink stiletto superwoman.

Hi! I’m Heather, founder of Mortgage Ladies and Co, dedicated wife, mum, and the face behind that awesome stiletto logo. Our logo symbolises what happens when things get tough around here – I don my power heels to go into action to get the job done. I’m driven by my passion for helping families and individuals on their financial journey.

All good relationships start with open communication and honesty, and I absolutely stand by the Mortgage Ladies and Co motto - with you every step of the way; but don’t take my word for it – check us out at Mortgage Ladies and Co.

Whether you are looking to purchase your first property, an investment property, debt consolidate or refinance we are here to help you navigate your journey. If you’re looking for financial guidance, get in touch for a chat today.