Mortgages

Why a Mortgage Adviser could be your best ally in buying your first home

3 MIN READ November 4, 2024
Buying your first home is one of life’s major milestones, but navigating the mortgage process can feel overwhelming.

 

Between researching rates, understanding loan terms, and figuring out what you qualify for, it’s easy to feel out of your depth. This is where a Mortgage Adviser can guide you, providing support and clarity throughout the process. Here are a few reasons why working with a Mortgage Adviser can be a game changer when buying your first home:

Advice for your unique situation

A Mortgage Adviser takes the time to understand your financial position and goals. They assess your income, savings, debt levels, lifestyle, and even specifics about where and what you’re looking to buy. From there, they can give you a clear idea of how much you are able to borrow and what steps you can take to maximise your borrowing potential. Whether it’s saving for another 12 months, reducing debts, or perhaps you’re already in a strong position to buy now. This personalised approach can be invaluable, especially for first-home buyers who may not be familiar with all the factors that influence loan suitability.

Access to a range of lenders and options

Working with a Mortgage Adviser gives you access to a wide selection of lenders and loan products, rather than limiting you to a single provider. This flexibility allows your adviser to analyse, understand, and recommend the best lenders, loan products, and interest rates for your needs. Adviser recommendations take into consideration borrowing limits, terms, loan structure, and policy settings which can vary significantly between lenders. 

Expert knowledge of the market

Mortgage Advisers are well-versed in New Zealand’s housing and mortgage markets, as well as how economic conditions affect interest rates and lending criteria. They stay up-to-date on trends and regulatory changes that might impact your mortgage options. This knowledge can be invaluable in helping determine suitable properties for you, as the prospective owner and the lender alike. Our Mortgage Advisers have access to some unique property tools to help you understand the property in detail and its estimated value.

Ongoing support beyond securing your loan

A Mortgage Adviser provides support well beyond just securing your loan. They can assist with connecting you with trusted professionals like Lawyers, Insurance Advisers, and Accountants. Our Mortgage Advisers can also refer you for help with setting up home insurance. Throughout your homeownership journey, they’re available to assist with refixing or refinancing your loan as needed, and they’re there to guide you again when you’re ready to consider a new home or investment property. With their guidance at every step, a Mortgage Adviser provides continuous support throughout your homeownership journey.

Ready to take the next step? 

At Haven Mortgages, we’re here to make your first home journey as smooth and stress-free as possible. Our team of experienced Mortgage Advisers is dedicated to finding the right mortgage solution tailored to your unique needs and goals. Let us guide you through the process, advocate for your best interests, and ensure you have the support you need at every stage.

Ready to get started? Contact Haven Mortgages today and take the first step towards owning your dream home.


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