Why use a Mortgage Advisor for Construction Lending

2016 was an outstanding year for the mortgage industry with interest rates hitting an all-time low, making it a maze for New Zealanders to borrow.  Constant changes to lending have been a contributing factor to why more and more people are using a mortgage adviser when it comes to purchasing real estate.

With the opportunity still available for 90% lending on constructions loans, building and buying brand new has become a popular choice with both first home owners and the like.

Consumers want someone who can help maximise their chances of securing the property they’re after with minimal work involved. With so many different options out there, why are mortgage adviser services now more sought out than ever?

We do the leg-work

Being in the market for property can be an overwhelming experience at the best of times, and having someone do all the research, negotiation and working out the nitty-gritty of the paper work can make a world of difference.

In fact, for some, that is all the difference. Having an adviser do the groundwork will both facilitate the process and save the time that most people don’t have, these days.

Using a mortgage adviser, means having an expert who is familiar with the market and because they know what each lender looks for [and doesn’t], are in a position to give the borrower a more tailored solution to their circumstances and needs.

The relationship

The relationship with a mortgage adviser is a long-term one. Long after the exchange of documents and settlement, they are still there to support, answer questions or even assist with another property. Because purchasing real estate is a long-term investment, it’s important to know that there’s a trusted adviser right there, all the way.

Ultimately, a mortgage expert is there to provide unbiased advice, independent of any bank or financial institution. Their role is to educate and always have their customer’s best interest first.

When financing for a new build with Christchurch Builders, Build7, it is important to have reliable advice as the process is different compared with purchasing an existing property. Money is drawn down over the progress of the build and it helps to have a good structure to avoid paying too much in interest etc.

The best part about using a Mortgage Advisor’s services, is they are free. There is no cost involved so you receive quality advice from an impartial expert who will work on your behalf.

Brent and HannaH Fidlay, from MI Mates are local Canterbury Mortgage and Insurance Advisors are experts when it comes to Construction lending. They will take away the stress and make the Finance process fun as you build your dream home! They can give you the best loan structure by approaching all the major lenders on your behalf. Best of all their service and advice is free. For more information visit MiMates.co.