Sue Hall

"My reputation is your guarantee"

"Sue Hall recently acted for me with respect to the sale of one of my properties and she had also previously acted for me with the sale of another property. I must say that it has been a pleasure to deal with Sue. She is courteous, efficient, very direct and business like with her statements and communicates regularly. As a busy..."

- John

"Just wanted to thank you for making the sale of 53 Carrington Avenue so seamless and stressless. My only regret is that we haven't actually met you yet! But we will make sure to come over and do that before long. Anyway, thanks again for all your great work on our behalf. "

- Trevor & Pauline
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Three questions you should ask your Mortgage Advisor

24th May 18


When you’re shopping around for a mortgage, it makes sense to work with someone who understands the industry and market conditions. A Mortgage Adviser is that person - Someone who acts as an intermediary between you and the Lender, working on your behalf.

In your search for the right Mortgage Adviser, we recommend you ask these three questions:

  1. Is your Mortgage Adviser licensed?

    It’s vital that you check your adviser’s qualifications and credentials to ensure that they hold a Credit Licence or that they are a member of a Finance Association. While it may not necessarily guarantee a particular level of service, working with an adviser who is a member of a professional body means they must adhere to a code of ethics and that disciplinary processes can be followed when things go wrong.

    You may also want to check how much experience your Adviser has and the sort of lending that they’ve been involved with previously - So do ask them how long they’ve been in the industry and the types of loan structures they’re familiar with. As a further check, you may want to ask them to provide client testimonials.


  2. How many Lenders do you work with?

    In order to provide you with the best deal, your Adviser should have access to a large pool of Lenders. Find out how many Lenders they work with, so you know how much choice you have when it comes to comparing and choosing the right finance package.

    It may also help to know how your Adviser matches clients up with the right Lender – Your Adviser should be able to assess your requirements and then demonstrate how they rate each Lender to find the best fit for your needs.


  3. How does your Mortgage Adviser get paid?

    While it may be a tough question to ask, it is still an important one. Most Advisers don’t charge the borrower, although some may charge a fee for their time. Advisers are generally paid a commission by the Lender once the loan application is approved. They must disclose all the payments and commissions they receive.

 

What’s next?

Once you’ve decided on which Adviser to work with, they should provide you with a checklist of documentation that a Lender would require to assess your application. Your Adviser should remain in touch with you throughout the loan application process to ensure you understand your obligations and requirements throughout.

 

To read the full article and for more information about Mortgage Advisers, click here.

 

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Filed under Hamilton / Waikato \ Real Estate

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