Why use a Mortgage Adviser?
As Registered Financial Advisers we’re qualified to give you best advice, we’ll take away the strain of getting a home loan and best of all we’re working to find the perfect solution for your individual situation from a selection of lenders and products. Dealing with us you’ll always get straight up honest advice and most times our service costs you nothing.
Are all Mortgage Advisers the same?
We’re a boutique company where the Mortgage Adviser is also the owner of the business. We don’t set volume or cross sell targets meaning our behaviours are simply to support your every step. We encourage choice and strive to pair you up with right solutions for your individual circumstances.
Will I get a better deal working with a large brokerage group?
You'll invariably be offered the same pricing whether you do business through us or one of the larger groups because the lender makes an offer based on your individual customer profile. The majority of Mortgage Advisers belong to a wholesale group called aggregators so it's important that the lenders treat each one equally knowing that we're part of a wider group.
If I deal with the bank direct will I get a better deal?
We earn commission by placing your business with the banks however this doesn't affect the deal you’ll get as banks receive a significant amount of business through the Mortgage Adviser channel so it's in their best interest to work closely with us and offer competitive home loan deals to our customers.
Do Mortgage Advisers steer business towards the bank paying the highest upfront commission?
The banks have a commission “claw back” clause stating that if a home loan is repaid within 1-3 years then the Advisers commission must be repaid yet most customers intend to remain with the bank for the foreseeable future. So in most instances it would actually work out more financially rewarding for the Adviser to place home loans with banks that pay lower upfront commission but who also pay a small trailing commission each year even if you only calculate the difference in total commission earned over a 3 year period.
Is it financially safer to deal direct with the bank?
In these changing times we should all be cautious who we deal with especially bearing in the various finance company collapses and cyber fraud but the fact of the matter is that the banks advance your loan either directly to your solicitors trust account in the case of a new purchase or refinance or potentially to your account directly in the case of a top up loan so it's no more risky to deal with an Adviser as we never touch the loan proceeds.
What type of service can I expect?
We’ll be personally handling your case from the initial phone call or email, the home loan fact find, collation of your paperwork, writing up of the diary note, loan calculations, negotiating with the bank and conveying the recommendations directly to you. Many firms will use “loan writers” in order to handle a greater volume of work but we think you'll love the personal touch. Not only that but after your loan has drawn we’ll keep in touch with you to make sure things are working well and to keep abreast of changes in circumstances that may require our expertise again.
What experience do you have?
I personally bought my first property in the 1990's for less than $200,000 and borrowed around 95% of the purchase price but how times have changed. Since then I’ve regularly bought and sold properties every few years and whilst all of these transactions required finance which gave me a taste of the industry it was not until 2005 that I officially took the leap from the corporate world and started my banking profession as a Mobile Mortgage Manager for a large NZ bank. Since then I have assisted literally 1000's of people directly or indirectly with my advice and knowledge.
I've heard that you can get home loans approved that others can't?
Whilst technically that has happened there can be many reasons why this has occurred. If you have been declined by someone else it's best to be upfront about this so we can identify the hurdle quickly and ascertain the best path forward. We don't want to leave you with un-necessary footprints on your credit file that could hinder future borrowing efforts.
As Registered Financial Advisers we’re qualified to give you best advice, we’ll take away the strain of getting a home loan and best of all we’re working to find the perfect solution for your individual situation from a selection of lenders and products. Dealing with us you’ll always get straight up honest advice and most times our service costs you nothing.
Are all Mortgage Advisers the same?
We’re a boutique company where the Mortgage Adviser is also the owner of the business. We don’t set volume or cross sell targets meaning our behaviours are simply to support your every step. We encourage choice and strive to pair you up with right solutions for your individual circumstances.
Will I get a better deal working with a large brokerage group?
You'll invariably be offered the same pricing whether you do business through us or one of the larger groups because the lender makes an offer based on your individual customer profile. The majority of Mortgage Advisers belong to a wholesale group called aggregators so it's important that the lenders treat each one equally knowing that we're part of a wider group.
If I deal with the bank direct will I get a better deal?
We earn commission by placing your business with the banks however this doesn't affect the deal you’ll get as banks receive a significant amount of business through the Mortgage Adviser channel so it's in their best interest to work closely with us and offer competitive home loan deals to our customers.
Do Mortgage Advisers steer business towards the bank paying the highest upfront commission?
The banks have a commission “claw back” clause stating that if a home loan is repaid within 1-3 years then the Advisers commission must be repaid yet most customers intend to remain with the bank for the foreseeable future. So in most instances it would actually work out more financially rewarding for the Adviser to place home loans with banks that pay lower upfront commission but who also pay a small trailing commission each year even if you only calculate the difference in total commission earned over a 3 year period.
Is it financially safer to deal direct with the bank?
In these changing times we should all be cautious who we deal with especially bearing in the various finance company collapses and cyber fraud but the fact of the matter is that the banks advance your loan either directly to your solicitors trust account in the case of a new purchase or refinance or potentially to your account directly in the case of a top up loan so it's no more risky to deal with an Adviser as we never touch the loan proceeds.
What type of service can I expect?
We’ll be personally handling your case from the initial phone call or email, the home loan fact find, collation of your paperwork, writing up of the diary note, loan calculations, negotiating with the bank and conveying the recommendations directly to you. Many firms will use “loan writers” in order to handle a greater volume of work but we think you'll love the personal touch. Not only that but after your loan has drawn we’ll keep in touch with you to make sure things are working well and to keep abreast of changes in circumstances that may require our expertise again.
What experience do you have?
I personally bought my first property in the 1990's for less than $200,000 and borrowed around 95% of the purchase price but how times have changed. Since then I’ve regularly bought and sold properties every few years and whilst all of these transactions required finance which gave me a taste of the industry it was not until 2005 that I officially took the leap from the corporate world and started my banking profession as a Mobile Mortgage Manager for a large NZ bank. Since then I have assisted literally 1000's of people directly or indirectly with my advice and knowledge.
I've heard that you can get home loans approved that others can't?
Whilst technically that has happened there can be many reasons why this has occurred. If you have been declined by someone else it's best to be upfront about this so we can identify the hurdle quickly and ascertain the best path forward. We don't want to leave you with un-necessary footprints on your credit file that could hinder future borrowing efforts.
