Independent mortgage brokers have access to affordable interest rates and often non-bank lenders. Clients can access a range of services; home loans for first buyers, authorized financial advisors and fast pre-approval.
August 29, 2014
Auckland, New Zealand – /PressCable/ —
Independent mortgage brokers in Auckland assist home buyers to obtain home loans, insurance and personal loans. An independent mortgage broker understands what a client needs and explains the basics of accessing the right mortgage to fit those needs. They provide mortgage solutions and can often negotiate lower interest rates on behalf of their clients.
“We access funds from a full spectrum of providers so we can bring you the best mortgage quote tailored to your specific circumstance”, says Kris Pedersen Mortgages, an independent mortgage broker based in Auckland.
Click here for an independent mortgage broker in Auckland: http://bwm.net.nz/mortgage-advisor-auckland
According to real estate market research, low levels of market activity and constant rising interests are resulting in high house price inflation. However, there has been recent improvement due to an improved labor market, rising net immigration and the low housing inventory being the main support elements.
Despite improvements, the number of sales has continued to drop and stands 20% lower for the last 10 months; while per year the real estate prices have continued to skyrocket. However, the good news is that there has been a small decline of 1% over the past quarter. This has been attributed to the rises in the OCR.
Independent mortgage brokers deal with different financial entities that include non-bank lenders and banks to secure finance for their client’s borrowing needs. However, a majority of independent mortgage brokers in Auckland will opt to go for pre-approval for a client from non-bank lenders. This is because most non-bank lenders facilitate access to low deposit mortgages especially for new homes buyers.
Mortgage brokers offer fast pre-approvals to mortgage applications. It is important to note that most mortgage broker pre-approvals do not require as many details as a bank may require. This is the reason why most people will opt to go to brokers to access home loans.
First time homebuyers experience difficulties with bank pre-approvals. As a result of the global financial crisis and tighter requisites on home lending, banks will not approve lending without a 20% deposit to be put towards the purchase. This ensures an 80% loan to value ratio. An Independent Mortgage Broker in Auckland could help even in cases where a client does not have a 20% deposit since they interact with non-bank lenders.
A good Independent Mortgage Broker in Auckland will help first time homebuyers with vital information through setting up the finances and purchase of the home. A client is provided with all options available to get the best and most suitable home loan.
In the case where a bank may send a potential client away because they do not qualify, a credible mortgage broker in Auckland is likely to be able to help the same client purchase their dream home.
Click here for independent mortgage advice in Auckland: http://bwm.net.nz/mortgage-advisor-auckland
Name: Maria Treadaway
Organization: BW Marketing
Address: 299a Rangatira Road, Beach Haven, Auckland, 0626