Your mortgage questions answered

Your Mortgage Questions Answered

• Why use a Mortgage Broker?
  Mortgage Brokers offer choice, independent advice and expertise. No single "Lender", no matter how good, can be all things to all people. In addition the "Lenders" only have their product to offer you so they attempt to make your needs fit their product and then they tell you this is the best solution for you.
  
  A Mortgage Broker approaches your loan from another angle. A Mortgage Broker works to match your needs to the products of a large range of lenders and the Mortgage Broker acts for YOU, not the "Lender".
  
  In addition, the high volumes of loan business we process at Mortgage Link Waikato, give us more influence to negotiate the best overall package which may include contributions towards your legal costs.
  
  A Mortgage Broker can remove the stress and save YOU time and money! Together with the knowledge and experience we have at Mortgage Link Waikato, you can be assured of getting the best overall package and structure for your loan.
• Why should we choose Mortgage Link Waikato?
  Your Mortgage Link Waikato broker is your personal consultant. We are in the business of helping people and with all the services we offer at Mortgage Link Waikato, we pride ourselves on having a client for life:
  
  

  • We are in the business of helping people.
    
  • We provide you with professional and independent advice on all the options.
    
  • We assist you to work out how much you can afford to borrow and the best repayment options.
    
  • We will explain the pitfalls, interpret the fine print and fill out the forms for you.
    
  • We work with a wide range of lenders, including major banks.
    
  • We negotiate with the lenders and work to get the right mortgage for your needs.
    
  • We liaise with the other professionals such as your Solicitor and Accountant.
    
  • We remain available to help you with any loan queries you may have in the future.

  
  In short, we do the hard work for you, without the worry. We can save you time and money and there is no extra cost for our service.
  
  Mortgage Link Waikato Brokers have the knowledge, the buying power, the negotiating skills, the patience and the experience to shop around on your behalf. Whilst we cannot tap that "crystal ball" we can tell you what is forecasted by the experts.
  
  More about the team »
• What qualifications do your Mortgage Link Waikato Brokers hold?
  We require all our Mortgage Link Waikato Brokers to become a member of the New Zealand Mortgage Brokers Association (NZMBA), which means we have satisfied all levels of experience and expertise required by the Association.
  
  Whilst any new broker is obtaining the NZMBA qualification, they come under the jurisdication/supervision of the Mortgage Link Waikato Directors.
  
  We are also required to complete ongoing training, and prove we have kept up to date with industry trends, and products, enabling us to offer you up to date independent mortgage advice and options.
  
  We proudly display the NZMBA logo at our office and on our promotional material.
  
  Visit the NZMBA website »
• How much does it cost to use Mortgage Link Waikato services?
  When purchasing a residential property or investment property, there is no extra cost to you the client. The lender that approves your loan pays us for successful applications. If we do need to charge a fee for any reason, you will be advised before we begin any work for you.
• Who decides which bank I go to?
  YOU DO!
  
  We make recommendations to you based on our research, experience and knowledge. However, the final decision about who you wish to borrow from will always be yours.
• Do I need a deposit?
  NO!
  
  If you have a good income level, little or no debt and a clear credit check, we have access to 100% lending products on very favourable terms, allowing you to buy now and get out of the rent trap sooner.
  
  Alternatively we can advise on borrowing 100% or more of the house price using other security, either your own existing house, or that of a guarantor.
• How much will it cost to refinance my mortgage?
  • Loan application fee if charged by the lender
    
  • Legal fees (may be covered by the new lender)
    
  • Registered Valuation Fees. (Registered valuation not always required.)
    
  • Lenders Mortgage Insurance. (Not always required, check with us). This is based on the amount of equity you have in the property.

  
  As this can vary greatly depending on the circumstances, please contact us with more details and we will advise more accurately on what the costs will be.
  
• Is it difficult to refinance a mortgage?
  NO!
  
  All you need to do is contact us and we will arrange and advise you of the simple details required.