If you want a home loan then you probably also want a good mortgage broker, but maybe you are wondering how to choose a mortgage broker.
We know you should choose a mortgage broker instead of the bank, but maybe we should explain this first and after reading this post we’re sure you will agree that it just makes common sense to use a mortgage broker … then it is up to you to choose a mortgage broker that you can work with.
First Home Buyers Need A Mortgage Broker
If you’re looking into buying your first home then you know how tough it can be to get a mortgage approval. Each and every first time buyer has a unique set of circumstances, which requires individually tailored financial considerations.
A good mortgage broker is able to step you through the process and will be available to answer your questions.
When you as a first home buyer choose a mortgage broker you should make sure they are available to take your calls after hours and during the weekends – at the times that you will be looking at houses and no doubt have the most questions.
Most Existing Home Owners Could Benefit From Speaking To A Broker
If you are an existing home owner then you have probably already had experience with the banks but you may not have spoken to a mortgage broker yet.
When you choose a mortgage broker you will want a person that will be focused on doing the right thing for you and showing you how to pay your loans off faster rather than just trying to refinance you so they get a new commission.
A Mortgage Broker Is Different To A Banker
Managing large amounts of money like a home loan should not be a decision taken lightly, and that’s why choosing a mortgage broker that can help you is extremely important.
Unlike banks, mortgage brokers help you find and manage a home loan that suits you and your individual situation and needs whether that means making small changes, refinancing your home loan or consolidating debts to reduce the overall costs.
A broker can assist you in making a well informed decision on a home loan that can impact you, your mortgage and finances for a many years.
Banks Cannot Offer The Best Home Loan
Staff in a bank are not trying to help you find the best mortgage, they’re trying to sell you one.
The bank might have a few different types of home loans and they might even look like they will select the best home loan for you. We know however that they will not tell you to go to another bank if they know that what they could offer was not going to be the best home loan for you.
They are after all looking out for the banks (their employee’s) best interests, not yours.
How To Choose A Mortgage Broker
Unlike a loan officer at the bank, a good mortgage broker has access to a number of banks (plus non-bank lenders) and can look around for a home loan that suits what you need.
But how do you know a good mortgage broker from an average one?
You can research online and speak to other people and that will certainly help, or you can contact us here at North West Mortgages. We are known as some of the best Auckland mortgage brokers and have been operating as West Auckland mortgage brokers from our old offices in Henderson since 2004 and more recently have moved to new offices in Hobsonville so are now considered North Shore mortgage brokers too.
As mortgage brokers we are continuously monitoring the market, looking at the banks and other lenders every day to see what has changed. We’re not here to profit from you, we’re here to help you get the best deal you can and in most cases we get paid by the banks.
Trust is a huge part of our business, and if we weren’t trustworthy, we wouldn’t have such a long list of satisfied clients, recommending us to their friends and family.
Contact us today and see how much better it is to deal with a mortgage broker instead of the bank. Phone: 0800 100 939
