Mortgage advisers account for close to half of all mortgages written in New Zealand, and it’s not hard to see why. With benefits that include time and money saving, more choice of home loan products, and ongoing guidance even after home loan approval is secured, working with a mortgage adviser can help alleviate a significant amount of stress for borrowers. Read on to find out 10 good reasons to use a mortgage adviser.

1. Professional, objective advice

Mortgage advisers work for you, the borrower, so we’re not restricted to working with just one lender or only one financial product. Instead, we can make recommendations on the most appropriate financing solution to fit your lifestyle and budget. Whether that’s with one of the mainstream banks or with a non-bank lender.

2. Convenient one-stop-shopping

First home buyers just starting their home buying journey will know how scary it can feel navigating the mortgage market for the first time. Even those who already own a home can feel overwhelmed by the sheer number of lending options to choose from. When you work with a mortgage adviser, we do the research for you, comparing lending options on your behalf. So there’s no need for you to waste time arranging appointments with competing lenders.

3. Negotiating for you

Many borrowers find negotiating extremely stressful, but it’s something mortgage advisers are confident doing. Using knowledge of the market and current deals available, mortgage advisers can often negotiate a better deal for our clients than if the client were to go direct to the lender.

4. More choice

With a network of major lenders and products to choose from, mortgage advisers are best placed to source a borrower’s ideal mortgage, whether that be through banks, credit unions, or non-traditional lenders. And because mortgage advisers are not restricted to working with just one lender, we can often help find a deal that fits your unique requirements.

5. Assurance of the most suitable rates and terms

When it comes to getting a mortgage, it’s vital that borrowers research and compare financial options to ensure they’re getting the most appropriate lending for their situation and needs. After all, buying a property is often the biggest – and most important - investment a borrower will ever make! As mortgage advisers, we do all that for you and more. So you can rest assured you’re getting the most suitable rates and terms for your individual needs.

6. Fast and efficient

When the property market is heating up, being prepared is the key to success. Being able to move quickly on a deal could even provide you with an edge if you’re up against another buyer for the same property. From the initial assessment of your financial situation right through to the closing process, financial transactions are streamlined when you work with a mortgage adviser. And because we know which lender is right for you, we don’t waste time working with lenders who are unlikely to approve your application.

7. Pre-qualified approvals

Just as it’s important to move quickly on a deal, so too is being pre-approved an advantage for borrowers. Mortgage advisers can help prepare a pre-approval application, so you’ll know in advance how much a lender is prepared to lend to you. And being pre-approved puts you in the best position to move quickly when you do find your ideal home.

8. Financial expertise

Navigating the mortgage market can feel overwhelming at times, which is why it pays to have an expert at your side. Mortgage advisers are specialists at providing expert advice and guidance that’s up-to-date and relevant. With access to the latest mortgage products, interest rates, and current housing market conditions, mortgage advisers are able to guide borrowers and explain things in simple, easy-to-understand terms.

9. Generally no cost to you

Because mortgage advisers get paid by the lender, generally there’s no cost to you and no sneaky surprises later.

10. Ongoing support

A mortgage adviser’s role doesn’t end when you get your home loan. We are an ongoing resource for advice, queries and future referrals, committed to working with you to get the right finance.

Whether you’re a first home buyer just starting your home buying journey; a seasoned investor growing a healthy property portfolio; or an upsizer or downsizer finding a new place to call home, the team of Mortgage Express branded advisers will work with you to find a finance solution to fit your needs. Contact the team today to get started.