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| What is a Mortgage Broker? |
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| A mortgage Broker (or mortgage consultant
in some companies) is an independent agent, an intermediary between you
the consumer and the mortgage lender. The mortgage broker will shop
the available lenders to find the mortgage product that offers the best
combination of features, options and rates to suit your individual
circumstances. The best part - depending on your credit picture - there
is no extra charge to the consumer for the service! The mortgage consultant’s
fee is normally paid by the lender. |
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| Why use a Mortgage Broker? |
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| With the fluctuation in interest rates of
late, homebuyers have become more aggressive in seeking out the best
possible terms from a lender. The appeal of a mortgage broker lies in
the opportunity to effectively search a large segment of the mortgage
industry for the optimum terms, rather than negotiate personally with
only one or a few lenders. As a result, the popularity of mortgage
consultants is growing. Last year, over 20% of all mortgages placed in
New Zealand were through a mortgage broker. A mortgage broker can also
be a source of information and an unbiased help in wading through the
myriad of options available in the mortgage industry today. Wondering
about the advantages of refinancing? Want more information on buying
your first Home? How about advice on fixed rate mortgages? Having
problems getting a mortgage because you’re self-employed? Or maybe you
need special help arranging financing for an investment property. These
are the kinds of issues a mortgage broker can help with, and usually at
no cost to the buyer. |
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| For one of our mortgage brokers to
contact you, click here. There’s no
obligation, and no charge! We will be back to you promptly. |
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Affiliations |
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Fred Birdling is a
Member of The NZMBA
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