Best Mortgage Brokers Hamilton NZ
The best mortgage brokers in New Zealand act as your personal bank concierge and offer free impartial personalised advice.
While a bank’s loan officer offers mortgage rates from a single bank, the best mortgage brokers apply for home loans with different lenders on your behalf, gets the lowest mortgage rates, negotiates terms and gets loan approval.
The Best Mortgage brokers have relationships with many lenders and using their negotiating powers and are likely to get better deals because of the buying power they represent.
Better mortgage rates saves the borrower lots of money over the lifetime of the loan.
Many borrowers also need to refinance an existing mortgage and this is where a mortgage broker can be really valuable.
The Best Mortgage Brokers in New Zealand work as middlemen who bring you, the mortgage borrower, and mortgage lenders together who offer the best mortgage rates, collect legal and financial documents from the borrower and passes those documents on to a mortgage lender to apply for a mortgage on your behalf.
How are Mortgage Brokers Paid?
Unlike bank loan officers, mortgage brokers don’t work for banks.
They work independently and must be licensed under the Financial Advisers Act regulated by the Financial Markets Authority.
The lender pays the mortgage broker a small one-off fee, generally between 0.5% and 1%. And sometimes also a service or trail commission.
Why use Mortgage Brokers?
Firstly, mortgage brokers have more negotiating power than a single person has and are likely to get better deals.
And, the best mortgage brokers also know how to present the deal to ensure it has the best chance of getting approved.
Mortgage Brokers are specialists and are knowledgeable about what different lenders have to offer and you get to apply to all the banks with one application and get the best mortgage rates.
Mortgage brokers work for you and will negotiate for your best interests armed with know-how and expertise.
No deal, no pay.
Compare Mortgage Rates NZ
The more mortgage lenders you compare when checking mortgage rates, the more likely you are to get the best mortgage deal.
Our team of advisors and partner advisors are here to help you get the best mortgage rates.
Getting a lower interest rate could save you hundreds of dollars and thousands of dollars over the life of the mortgage.
Truly, finding the best mortgage interest rate is a big deal.
We compare the best interest rates and some of the lenders are listed here.
The good thing is, you only have to complete one application and we go negotiation for you.
Mortgage Brokers vs Banks?
A bank will only offer one option, which is the banks offer.
This may not be the best offer you can get.
The one bank could even turn you down.
Mortgage brokers work with many lenders and know lenders strengths and weaknesses.
Mortgage brokers, armed with your one application, apply with all the banks on your behalf and get the best mortgage rate deals in a short period.
Applying for a mortgage can be unsettling for those who’ve never done it before.
Are you getting the best rates? how do you know?
Are the terms and conditions of the mortgage best suited to you?
And perhaps negotiating may not be one of your strengths.
What to ask Mortgage Brokers
1. Which lenders does your mortgage broker work with?
Mortgage brokers that work only with two or three lenders do not compare the mortgage market. Better go with a broker that works many lenders.
2. Does your mortgage broker receive a fee and service commission?
The professional Mortgage brokers are specialist and knowledgeable. They scan the market for you, for the best mortgage rates and the lender pays for the new home loan.
3. How much will refinancing cost?
Refinancing costs (for example, a loan application fee, a property valuation fee, lenders’ mortgage insurance) are separate to the commission that the broker receives – and you need to pay these refinancing!
Your best options
It’s great to ask your mortgage broker lots of questions, but you need to answer some as well.
Are you going to stay in this property for a long time? Is this your first home?
Are you planning renovations?
This will all help mortgage brokers to recommend you the best mortgage.
The better understanding your broker has of your future goals and dreams, the easier it is to find you the mortgage the suits your needs.
Let us worry about the small stuff, so you can focus on finding your dream home.
Call Our Mobile Mortgage Managers in Cambridge, Hamilton, Matamata, Morrinsville, Ngaruawahia, Otorohanga, Rotorua, Te Awamutu and Tauranga, Thames.
Our experienced home loan specialist can come to you.
And walk you through the process of applying for a home loan.
We compare and negotiate the best mortgage rates for you.
All free for you – 100% independent free advice.