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2874 posts

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# 254469 13-Aug-2019 15:03
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We will soon be building in Christchurch.

 

We have pre-approval from our current bank, but I think I'd like to see what other options there are - and I don't particularly want to go through the hassle of dealing with all the banks myself if someone else can do it for me.

 

Can anyone recommend a good mortgage broker I could contact?

 

Thanks


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  # 2296607 13-Aug-2019 15:28
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I can just straight recommend you someone at CO-op bank whom will look after you better than any mortgage broker could.

 

 

 

Who you building with?




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  # 2296629 13-Aug-2019 15:56
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Kopkiwi:

 

I can just straight recommend you someone at CO-op bank whom will look after you better than any mortgage broker could.

 

 

 

Who you building with?

 

 

Building with Benchmark.


 
 
 
 


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  # 2297632 13-Aug-2019 16:39
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I asked around my friends & was recommended Nathan Miglani (from Loan Market). He managed to get me a loan through SBS Bank in Riccarton, even though I had been declined by all of the other banks. I said that I wanted to do everything digitally with him & so basically I filled out one form and then saw him again when signing to draw down the loan. Very good guy and understands how people work.


neb

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  # 2297634 13-Aug-2019 16:46
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I would be somewhat careful with mortgage brokers, since they work off commission there's often a strong correlation between the lenders who pay the best commission and the lenders they recommend...

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  # 2297732 13-Aug-2019 21:48
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This is the wrong topic to post under

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  # 2297764 13-Aug-2019 23:38
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neb: I would be somewhat careful with mortgage brokers, since they work off commission there's often a strong correlation between the lenders who pay the best commission and the lenders they recommend...


Yup same as insurance. I used this table. https://www.interest.co.nz/borrowing/ select the lowest and just throw that % at any bank they will match it.

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  # 2297766 14-Aug-2019 00:00
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And don't forget to ask the banks to pay for legal costs too. You can get $1000+ from the bank to cover these costs usually.


 
 
 
 


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  # 2297786 14-Aug-2019 07:08
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What we did when we got our house was to walk in banks home loan branch and just ask for rate and stuff.

 

We went to few of the major banks, and go with the one with their best deal.

 

I think if you have a preferred bank, then just tell them you got offer a better deal. They would normally try pretty hard to match it if you are already somehow in business with them.

 

Keep in mind that you are the customer! LOL.


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  # 2297825 14-Aug-2019 09:15
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boosacnoodle:

 

I asked around my friends & was recommended Nathan Miglani (from Loan Market). He managed to get me a loan through SBS Bank in Riccarton, even though I had been declined by all of the other banks. I said that I wanted to do everything digitally with him & so basically I filled out one form and then saw him again when signing to draw down the loan. Very good guy and understands how people work.

 

 

 

 

I went to see Nathan from Loan Market. Though he is from Loan Market, he does not represent Ray White. (his words).  He comes across as a very approachable person and nice to deal with.  However I finally got my mortgage with my bank Westpac.  As in the above post , they (brokers), play an important part in obtaining a mortgage when other banks say no and they also have other lenders in their portfolio.  So more like horses for courses.

 

To my undertstanding, with a mortgage broker,  your mortgage is tied with them rather than the bank and they negotiate the rates on your behalf with the lender when it comes to re-fix your mortgage

 

I am sure you can break this bond, but I cant comment on that.   In the end I was more comfortable working with Westpac. 


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  # 2298888 14-Aug-2019 09:53
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dacraka: This is the wrong topic to post under

 

This is Offers and Wanted. Paul wants a mortgage broker.  Seems legit.





"I have noticed even people who claim everything is predestined, and that we can do nothing to change it, look before they cross the road." -  Stephen Hawking


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